Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
NorwayNorway Industrial Confidence climbed to 3.4 in July 2026
FMPMonthlyReleased October 2026
Norway Industrial Confidence climbed to 3.4 in July 2026, released October 2026, up 0.9 from June's 2.5 reading. The print exceeded the 1 consensus by 2.4. Industrial Confidence has now risen for 3 consecutive months. Industrial Confidence is now the highest in 15 months.
Latest Release
3.4
Actual
1
Consensus
2.5
Previous
Median Absolute Error
±3.3
across last 12 releases
Last Call
Oct 2026
Predicted: 1
Actual: 3.4
Error: -2.4
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/NOK | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| EUR/NOK | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Moves with | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Industrial Confidence (Norway) was reported at 3.40 in October 2026. This beat the market consensus of 1.00 by 2.40. The reading rose from the previous value of 2.50. Trailing 12-month context per ETL data through October 2026.
WHY IT MATTERS
The trailing three releases averaged 2.87, up from the prior three at 1.53. In October readings over the past 3 years, Industrial Confidence has averaged 1.53.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/NOK (Bullish NOK). A secondary relationship exists with EUR/NOK, negatively correlated (Bullish NOK). Over the last 12 releases, the Sigmacast model's median absolute error is 3.30.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Interest Rate Decision (Nov 5).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
SHARE
Industrial Confidence - NO
Loading chart data...
About Industrial Confidence — Norway
DEFINITION
Industrial Confidence is a financial indicator that measures the level of optimism or pessimism among businesses in the industrial sector. It provides insight into the overall sentiment and expectations of companies in this sector, which can have a significant impact on economic growth and investment decisions. This indicator is closely monitored by investors, policymakers, and analysts as it reflects the current and future health of the industrial sector and can serve as a leading indicator for the overall economy.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 3.4, consensus 1. Prior reading (Apr 2026): 2.6. Before that (Jan 2026): 1.2.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/NOK (Bullish NOK, r=-0.50) — a useful reference for forex-focused traders.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - NO Events
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | NO | Unemployed Persons | 61.9 | 61.5 | 61.5 | 61.70 | Low |
| 07:00 | NO | Unemployment Rate n.s.a | 2 | 2 | 2 | 2.00 | Low |