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Norway Manufacturing Production YoY climbed to 1.5% in June 2023, released July 2023, up 4.5% from May's -3.0% reading.
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/NOK | ▼ Inverse | −0.50 | FOREX | Bullish NOK | → View |
| EUR/NOK | ▼ Inverse | −0.45 | FOREX | Bullish NOK | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Watch | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
Manufacturing Production YoY (Norway) was reported at 1.5% in July 2023. The reading rose from the previous value of -3%.
The trailing three releases averaged -0.4%, down from the prior three at 0.37%.
Historically, this indicator is negatively correlated with USD/NOK (Bullish NOK). A secondary relationship exists with EUR/NOK, negatively correlated (Bullish NOK).
Auto-generated from current model state · Refreshes on each release · Last update July 2023.
Manufacturing Production YoY (Year-over-Year) is a financial indicator that measures the change in the total output of goods produced by the manufacturing sector over a 12-month period. This indicator is used to assess the health and growth of the manufacturing industry, which is a key driver of economic activity. A positive YoY growth indicates an increase in production, while a negative YoY growth suggests a decline. This information is valuable for investors, policymakers, and businesses in making informed decisions about the state of the economy and potential investment opportunities.
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
Latest reading (May 2023): actual 1.5 %. Prior reading (Apr 2023): -2.4 %. Before that (Mar 2023): -0.3 %.
Sigmacast's 1-month forecast points to a similar 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 neutral force in the current projection. This indicator correlates most strongly with USD/NOK (Bullish NOK, r=-0.50) — a useful reference for forex-focused traders.
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
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| Tuesday, May 26, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | Loan Growth YoY | 4.4 | 4.5 | 4.50 | Low | ||
| 06:00 | Unemployment Rate | 4.9 | 5.1 | 5.25 | Low | ||
| Thursday, May 28, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | GDP Growth Rate YoY | 2.2 | 2.4 | 2.40 | Low | ||
| 06:00 | GDP Growth Rate QoQ | -0.3 | 0.9 | 0.90 | Low | ||
| 06:00 | GDP Growth Mainland QoQ | 0.4 | 0.4 | 0.40 | Low | ||
| Friday, May 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | Unemployed Persons | 61.9 | 62.3 | 62.30 | Low | ||