FX.co ★ Norway’s Manufacturing Slump Deepens in February With Output Down 0.4%

Norway’s manufacturing sector extended its decline in February 2026, as production fell 0.4% month-over-month, according to data updated on 10 April 2026. The latest drop follows a 0.3% contraction in January 2026, signaling a modest but persistent weakening in industrial activity.

On a month-over-month basis, the February reading shows that the pace of decline in manufacturing output slightly accelerated compared with January, when production also slipped against the previous month. The figures indicate that Norwegian manufacturers have now recorded two consecutive months of falling production, raising concerns about short-term momentum in the country’s industrial economy.

The comparison is based on changes in output from one month to the next: the current -0.4% figure reflects the change from January to February 2026, while the previous -0.3% recorded the change from December 2025 to January 2026. While the declines remain relatively moderate, the back-to-back contractions suggest growing headwinds for Norway’s manufacturing sector as 2026 progresses.