The investment survey conducted during the second quarter within oil and gas, manufacturing, mining and quarrying and electricity supply in 2026 amounted to near NOK 362 billion. This is 0.2 per cent lower than the corresponding figure for 2025. The decrease can mainly be attributed the lower investments in oil and gas activities and manufacturing. Electricity supply investments are higher in 2026 than in 2025 also contribute to moderate the decline.
The companies' latest estimates for total investments in 2027 suggest an increase of 1.2 per cent compared to the corresponding 2026 estimate. The increase in 2027 is mainly due to the projection of a further increase in investments for electricity supply. Manufacturing investment also contributes positively to this increase. In addition, strong growth in mining is contributing to the overall upturn. It is oil and gas that make a negative contribution to the total investments for the next annual estimate. For more details about investments within the oil and gas industry, please see the article Moderate decline in oil investments in 2026.
According to [Figures that are adjusted for calendar effects and seasonal variation. Such adjustment gives a more accurate picture of the underlying trend in the time series and makes it easier to compare results of subsequent quarters. ], quarterly final investments had following development from the 2nd quarter to the 3rd quarter of 2026:
- Oil and gas: -6.5 %
- Manufacturing: -6.6%
- Electricity supply: 13.7 %