Production: Manufacturing: Total Manufacturing for Norway
PRMNTO01NOA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.57
Year-over-Year Change
-22310.68%
Date Range
1/1/1956 - 1/1/2024
Summary
The 'Production: Manufacturing: Total Manufacturing for Norway' economic trend measures the total manufacturing output in Norway. This metric is a key indicator of the health and productivity of Norway's industrial sector.
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 trend represents the total volume of manufacturing production in Norway, including durable and non-durable goods. It is a widely tracked indicator used by economists, policymakers, and industry analysts to assess the overall performance of the Norwegian economy.
Methodology
The data is collected through surveys of manufacturing firms and production facilities across Norway.
Historical Context
Trends in Norwegian manufacturing output are closely monitored for insights into the country's economic growth, trade dynamics, and industrial competitiveness.
Key Facts
- Norway is one of the world's largest producers of oil and natural gas.
- Manufacturing accounts for around 15% of Norway's GDP.
- The country has a highly skilled, technologically advanced industrial base.
FAQs
Q: What does this economic trend measure?
A: The 'Production: Manufacturing: Total Manufacturing for Norway' trend measures the total output of the manufacturing sector in Norway, including both durable and non-durable goods production.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the health and productivity of Norway's industrial base, providing insights into the country's overall economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing firms and production facilities across Norway.
Q: How is this trend used in economic policy?
A: Trends in Norwegian manufacturing output are closely monitored by policymakers, economists, and industry analysts to assess the country's economic growth, trade dynamics, and industrial competitiveness.
Q: Are there update delays or limitations?
A: The data is typically published with a short delay, and may be subject to periodic revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Total Manufacturing for Norway (PRMNTO01NOA657S), retrieved from FRED.