Norway Business Morale Weakens in Q1

Norway’s industrial confidence fell to 1.2 in Q1 2026, from 2.6 in the previous quarter, and bellow its long-term average of 2.9. Sentiment weakened among producers of capital goods, while producers of consumer goods reported unchanged production. Meanwhile, producers of intermediate goods contributed positively to overall confidence. NNew orders declined in export markets, while domestic orders remained steady. Employment conditions eased, with employment among producers of consumer goods declining, while producers of intermediate and capital goods reported unchanged employment levels. On the price front, industrial managers reported sustained price increases in both domestic and export markets, with stronger rises for consumer goods. Looking ahead, the general outlook for Q2 2026 remains positive, supported by confidence among intermediate producers, whereas producers of capital and consumer goods have weaker expectations.