Business Tendency Surveys: Production: Economic Activity: Manufacturing: Future Tendency for Norway
BSPRFT02NOQ460S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.90
Year-over-Year Change
-24.62%
Date Range
10/1/1973 - 4/1/2025
Summary
The Business Tendency Surveys: Production: Economic Activity: Manufacturing: Future Tendency for Norway measures manufacturers' expectations for future production activity in Norway.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This survey-based indicator provides insight into the state of the Norwegian manufacturing sector by capturing business leaders' assessments of expected future production. It is a leading economic indicator used to anticipate broader trends in industrial activity.
Methodology
The data is collected through monthly surveys of Norwegian manufacturing firms.
Historical Context
This indicator is closely watched by policymakers and analysts for signals about the health of the Norwegian economy.
Key Facts
- Norway is one of the world's largest producers of oil and gas.
- Manufacturing accounts for around 8% of Norway's GDP.
- The Norwegian krone is the official currency.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Norwegian manufacturers' expectations for future production activity and overall economic conditions.
Q: Why is this trend relevant for users or analysts?
A: This leading indicator provides valuable insight into the health and trajectory of Norway's industrial sector, which is a key driver of the country's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of Norwegian manufacturing firms.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this indicator to assess the state of the Norwegian economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with minimal delay, providing timely information on manufacturing sentiment.
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Citation
U.S. Federal Reserve, Business Tendency Surveys: Production: Economic Activity: Manufacturing: Future Tendency for Norway (BSPRFT02NOQ460S), retrieved from FRED.