Norway Manufacturing Output Rebounds in May

Norway’s manufacturing production rose 0.7% month-over-month in May 2026, above market expectations of a 0.4% increase and rebounding from a 0.9% decline in the previous month. Growth accelerated in food, beverages, and tobacco (1.1% vs 0.3% in April), wood and wood products (2.3% vs 0.8%), and basic chemicals (5.6% vs 3.7%). Additionally, output recovered in textiles, wearing apparel, and leather (3.2% vs -1.9%), fabricated metal products (4.8% vs -2.3%), machinery and equipment (1.2% vs -1.6%), and the repair and installation of machinery (5.5% vs -2.5%). In contrast, production growth slowed for refined petroleum, chemicals, and pharmaceuticals (0.0% vs 4.5%) and basic metals (0.5% vs 5.5%), while output continued to fall for ships, boats, and oil platforms (-1.7% vs -0.7%) and furniture and manufacturing n.e.c. (-2.2% vs -1.8%). On a yearly basis, manufacturing output increased 2.2%, after a 0.6% drop in April.

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