Norway Producer Costs Change

Producer costs in Norway dropped 10.9% year-on-year in October 2023, slowing sharply from a 29.3% fall within the earlier month. It was the tenth consecutive month of deflation however the softest since February, as costs decreased much less for power items (-15.9% vs -44.4% in September), extraction of oil & pure gasoline (-16% vs -44.6%) and electrical energy, gasoline & steam (-16.6% vs -48.4%). On the similar time, costs barely elevated for manufacturing (2% vs 1.3%). On a month-to-month foundation, producer costs rose 5.2% in October, accelerating from a 4.8% enhance within the earlier month. supply: Statistics Norway

Producer Costs in Norway decreased 10.90 % in October of 2023 over the identical month within the earlier yr. Producer Costs Change in Norway averaged 7.43 % from 2000 till 2023, reaching an all time excessive of 79.40 % in March of 2022 and a file low of -37.40 % in August of 2023. This web page gives – Norway Producer Costs Change – precise values, historic knowledge, forecast, chart, statistics, financial calendar and information. Norway Producer Costs Change – knowledge, historic chart, forecasts and calendar of releases – was final up to date on November of 2023.

Producer Costs in Norway decreased 10.90 % in October of 2023 over the identical month within the earlier yr. Producer Costs Change in Norway is anticipated to be -12.00 % by the tip of this quarter, in accordance with Buying and selling Economics world macro fashions and analysts expectations. Within the long-term, the Norway Producer Costs Change is projected to development round 3.00 % in 2024 and a couple of.40 % in 2025, in accordance with our econometric fashions.

In Norway, the Producer Value Index measures the value growth of first hand gross sales of merchandise to the Norwegian market, from Norwegian manufacturing and export. Manufacturing costs account for 54 % of the entire index. The most important segments inside Manufacturing costs are: Meals, drinks and tobacco (12 %), refined petroleum merchandise (Eight %) equipment and gear (6 %) and fundamental metals (5 %). Extraction and associated providers account for 41 %, Electrical energy, gasoline and steam account for Four % and Mining and quarrying account for 1 %.