Somber optimism in the industry

building industryBuilding industry.Photo Pixabay

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The industry will generally have growth of 2 to 3 percent next year, and export growth is expected to be around 7 percent. This is shown by Norwegian Industry’s business cycle report.

The report was presented on Wednesday and is based on feedback from 350 member companies.

– With such cautious projections for revenue growth, we predict fairly stable employment when it comes to permanent employees. The industry must have productivity growth to survive in a fierce international competition. Then, some growth in turnover is required to maintain self-employment, Norsk Industri writes.

– When it comes to hiring, this falls significantly, as the market is calming down and some major projects that required a very large number of employees within a short period of time are now nearing the end, it says further.

© NTB Scanpix / #Norway Today

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