FX.co ★ Norway Industrial Confidence Falls to Near 2-Year Low

Norway's Industrial Confidence Indicator experienced a decline to -0.3 in the third quarter of 2025, a decrease from a revised 0.4 in the previous quarter (Q2 2025), falling short of the historical average of 2.9. This represents the lowest level since the fourth quarter of 2023, indicating a downturn in sentiment particularly among producers of investment goods. In contrast, producers of input and consumer goods contributed positively to the sentiment. The report noted a reduction in new orders across both export and domestic markets, with a more pronounced contraction seen in the export sector. On the pricing front, industrial managers continued to report price increases in both domestic and export markets, although prices for intermediate goods showed no change. Despite these challenges, overall employment saw an improvement, largely driven by growth from producers of investment goods. Looking forward, the general outlook for the third quarter of 2025 is cautiously optimistic, buoyed by confidence among capital goods producers, whereas producers of consumer goods maintain a neutral stance.