The investment survey conducted in August 2023 suggest that total investments within oil and gas, manufacturing, mining and quarrying and electricity supply in 2023 will amount to approximately NOK 291 billion. This represents an increase of 22 per cent compared with the corresponding figure for 2022, given in August last year. The rise is particularly driven by investment growth within the oil and gas industry. In manufacturing, strong investment growth is also expected in 2023 compared to the corresponding estimate for 2022. In addition, increased investments in power supply contribute to the overall increment. For more details about investments within the oil and gas industry, please see the following article.
The companies’ newest estimates for 2024 suggest a significant increase compared with the corresponding estimates for 2023. High investments within oil and gas contribute most to the total investment’s growth for the next year. In power supply, strong growth is expected for next year. Within manufacturing, a decline is reported for the next year.
According to Seasonally-adjusted figures: 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 the results of subsequent quarters. figures, quarterly final investments had the following development from the first to the second quarter of 2023:
- Oil and gas: 2,7 %
- Manufacturing: -7,8 %
- Electricity supply: - 7,2 %