Norway - Business Confidence

Norway: Business Confidence

Mnemonic	CIB.INOR
Unit	Balance of opinion, SA
Adjustments	Seasonally Adjusted
	Quarterly	18.75 %
Data	2022 Q4	-3.9
	2022 Q3	-4.8

Series Information

Source	Statistics Norway
Release	Business Tendency Survey (Q)
Frequency	Quarterly
Start Date	3/31/1990
End Date	12/31/2022

Norway: Business

	Reference	Last	Previous	Units	Frequency
Industrial Production	Jan 2023	83.6	91.2	Index 2005=100, SA	Monthly
Business Confidence	2022 Q4	-3.9	-4.8	Balance of opinion, SA	Quarterly
Capacity Utilization	2022 Q4	80	80.6	% WA, SA	Quarterly
Change in Inventories	2022 Q4	-46,572	31,288	Mil. NOK, CDASA	Quarterly
Real Change in Inventories	2019 Q1	31,468	32,631	Mil. Ch. 2016 NOK, CDASA	Quarterly

Release Information

Description

Norway's quarterly Business Tendency Survey maps business leaders’ evaluations of the economic situation and the outlook for a fixed set of indicators. The results are mainly used for monitoring the economic performance during a business cycle, for analyses and for predicting the short-term development. The survey has been in regular operation from 1974 Q1. Results are produced at the national level only. Values are diffusion indices.

Methodology

The survey is quarterly and is published around four weeks after the end of the reference quarter.

Data are collected by a questionnaire sent to a sample of branch units in mining and quarrying (10, 13-14) and manufacturing (15-37), per SIC2007 (started 2009Q1, back-calculated to 1990Q1). SIC2002 was used until 2008Q4 (back-calculated to 1988Q1).

Revisions

The seasonally-adjusted series may be revised to their full depth, from 1990.

For the trend-cycle diffusion indices, revisions may be applied to the entire time series, but are most common within the past three years.