Impact of COVID-19 on revenues of production companies in Norway April 2020

In April 2020, due to the coronavirus (COVID-19) crisis the majority of production and manufacturing companies in Norway experienced a decrease in revenues in the last month. 48 percent of the surveyed companies reported a decrease in revenues of up to 25 percent. Whereas 29 percent of the companies experienced a loss between 26 and 50 percent, seven percent experienced a decrease of more than 76 percent. Companies who experienced an increase in revenues in April 2020 were amongst others companies operating in the pharmaceutical industry and the aquaculture sector.

Changes in revenues in the last four weeks of production and manufacturing companies in Norway in April 2020

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Sources

Release date

April 2020

Region

Norway

Survey time period

April 16-17, 2020

Number of respondents

588 companies

Special properties

Member companies of Norsk Industri (Federation of Norwegian Industries)

Supplementary notes

This is a member survey published by Norsk Industri (Federation of Norwegian Industries), an organization of employers in the production and manufacturing industries in Norway, with close to 3000 member companies. Norsk Industri is the largest national association within the Confederation of Norwegian Enterprise (NHO), in Norwegian called Næringslivets Hovedorganisasjon).

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Statistics on "Coronavirus: economic impact in the Nordic countries"

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