Total investments within the oil, gas, manufacturing, mining, quarrying and in electricity supplies in 2017 are estimated to show a 6.7 percent decline compared to 2016, according to Statistics Norway (SSB) on Thursday.
SSB noted that the latest investment estimates from companies show a decline for 2017, while figures for 2018 indicate an increase.
The decline for 2017 is due to lower investments in the oil and gas industry.
"The overall decline is however dampened by strong growth within electricity supply," SSB said.
The estimates for 2017 show that total investments are expected to amount to NOK 205 billion ($25.16 billion), a decline that is mainly due to a marked decrease within oil and gas.
(Anadolu Agency)
