Total investments are expected to increase in 2020
Companies’ latest investment estimates for 2020 are expected to increase within oil and gas, manufacturing, mining and quarrying and electricity supply. New 2019 estimates are substantially adjusted upwards from the previous survey and show growth compared to 2018.
The investment survey conducted in May within oil and gas, manufacturing, mining and quarrying and electricity supply in 2020 amounted to NOK 228 billion. This is 8.2 per cent higher than the corresponding figure for 2019. The growth can mainly be attributed to growth within the oil and gas industry. Investments within electricity supply show a moderate decline, while investments within manufacturing are estimated to be approximately unchanged.
Companies’ latest total investment estimates for 2019 suggest a growth of 17 per cent compared to the corresponding figure of 2018. The increase in 2019 is driven by a clear growth in investment within the oil and gas industry, as well as strong investment growth within manufacturing. For more details about investments within the oil and gas industry, please see the following article.
Figure 1. Estimated investments collected in 2nd quarter same year
|Extraction and pipeline transport||Manufacturing, mining and quarrying||Electricity supply, gas and steam|
According to seasonally-adjusted figures, quarterly final investments had following development from the 4th quarter of 2018 to the 1st quarter of 2019:
- Oil and gas: -0,3 %
- Manufacturing : 15.4 %
- Electricity supply: -8.0 %
Figure 2. Final investments per quarter. Seasonally adjusted. 2005=100
|Manufacturing||Electricity supply, gas and steam||Extraction and pipeline transport|