UPDATEDSep 11, 2026

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Norway's July industrial production falls 7.1% month-over-month

A 7.1% month-over-month contraction in Norway's industrial production for July reverses the 7.6% expansion recorded in the prior period. The sequential swing totals 14.7 percentage points, moving the series from growth to contraction in a…

By Lucia Moretti·Sep 7, 2026·1 min read·macro

Key takeaways

Norway's industrial production fell 7.1% month-over-month in July.
The July decline reversed the prior period's 7.6% month-over-month expansion.
The sequential swing from the prior period to July totaled 14.7 percentage points.
July's 7.1% drop nearly matches the preceding 7.6% gain in absolute-value terms, effectively erasing the prior expansion.
The release does not break out industrial sub-sectors, leaving the specific driver of the reversal unattributed.

A 7.1% month-over-month contraction in Norway's industrial production for July reverses the 7.6% expansion recorded in the prior period. The sequential swing totals 14.7 percentage points, moving the series from growth to contraction in a single reporting cycle.

Period	MoM change
Prior period (reported)	+7.6%
July (reported)	-7.1%
Sequential swing	-14.7pp

The prior expansion is effectively erased. July's 7.1% decline nearly matches the preceding 7.6% gain in absolute-value terms, and the release does not break out industrial sub-sectors, leaving the specific driver of the reversal unattributed from this print.

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Frequently asked

How much did Norway's industrial production change in July?

It contracted 7.1% month-over-month in July.

What was the prior period's industrial production change?

The prior period recorded a 7.6% month-over-month expansion.

How large was the swing between the two periods?

The sequential swing totaled 14.7 percentage points, moving the series from growth to contraction in a single reporting cycle.

Does the report explain what caused the reversal?

No, the release does not break out industrial sub-sectors, so the specific driver of the reversal is unattributed from this print.