Stable growth prospects

The share of contacts in Norges Bank's Regional Network reporting full capacity utilisation is little changed from the previous surveys in 2025. At the same time, slightly more contacts are facing recruitment difficulties. Contacts expect output growth to remain elevated through 2025 H2, and many expect higher household purchasing power to strengthen demand for both goods and services. Moreover, some contacts expect growth in residential construction to boost activity. A number of contacts point out that there is still uncertainty related to international trade barriers and some cite greater customer caution. Contacts are planning to increase the number of employees in the course of autumn.

Capacity utilisation close to normal levels

In this survey, 35% of contacts report full capacity utilisation (Charts 1 and 2), which is the same level as in the previous surveys in 2025 and just below the historical average for this indicator. Contacts are also asked about their capacity utilisation relative to a normal level. The share responding that their levels are higher than normal is broadly equal to the share responding that levels are lower than normal. Recruitment difficulties are the primary constraint on output across sectors, reported by 25% of contacts. This is the highest share in two years, slightly higher than the average for this indicator.

Chart 1 Capacity utilisation1 and labour supply constraints2

Percentage shares

Chart 2 Capacity utilisation3 4

Percentage shares

Output growth remains elevated

Overall, network contacts expect output growth to remain fairly stable in the period between 2025 Q3 and Q4 (Charts 3 and 4). Contacts' overall growth expectations for Q3 are little changed from the previous survey. Construction and retail trade contacts expect growth to pick up somewhat through H2, although many point out that activity levels are low. On the other hand, growth is slowing and activity is high for most oil services contacts.

Chart 3 Total output growth

Expected growth current quarter and next quarter. Seasonally adjusted. Percent

Chart 4 Output growth. All sectors5

Expected growth current quarter and next quarter. Seasonally adjusted. Percent

Slight improvement in construction prospects

In the June survey, construction contacts expected activity levels to increase modestly in the period to autumn after having reported declining activity since the beginning of 2023. In this survey, construction contacts have revised up their expectations for 2025 Q3 and envisage slightly faster growth in Q4. Some housing construction contacts will launch more projects in autumn, particularly in the cities. A number of contacts also report increasing activity in government-funded construction projects, while local government order volumes remain low. Some contacts expect that lower interest rates will lead to stronger appetite for investment in private commercial buildings somewhat further ahead, but at present few have received new orders in this segment.

Aquaculture sector pushes up exports

Manufacturing contacts expect growth to remain elevated through 2025 H2 and that the largest rise will be in export markets. Improved fish health has provided a solid boost to aquaculture output in H1 and contacts expect further growth to the end of 2025. Higher output and ample investment appetite in aquaculture is also driving growth among suppliers. At the same time, lower quotas are leading to a downturn in fisheries, which also reduces activity in fish processing.

Among contacts that export directly to the US, some report concern that they will lose market shares to competitors in countries subject to lower tariffs. However, a number of contacts expect that the tariffs will primarily lead to changes in the flow of goods. For example, aquaculture contacts point out that a larger share of farmed fish from Chile and Canada will go to US markets, while more Norwegian fish will be directed towards European and Asian markets. Such changes in the flow of goods may curb the rise in export prices for Norwegian fish ahead. Whether or not contacts export to the US directly, some are concerned about the negative effects of trade conflicts, such as lower global growth, disruptions in the flow of goods and uncertain price developments. Some suppliers to European manufacturers report weaker demand and link this to an increased supply of Asian products in the European market.

Manufacturers also report that increased global and domestic defence spending is boosting activity. The energy transition continues to drive growth and create jobs in large offshore wind and power sector projects. At the same time, a number of contacts report few new orders in renewables, particularly from Norwegian and US customers.

Oil services expect a slight rise in activity through 2025 H2, primarily in export markets. Several contacts expect construction activity on the Norwegian continental shelf to fall this winter, in pace with the completion of projects initiated when tax changes were made for the oil industry.

Uncertainty dampens growth in commercial services

Commercial services contacts expect broadly unchanged growth in 2025 Q3 and Q4. As in the June survey, many contacts emphasise global uncertainty and point out that customers are cautious. A number also point to lower demand for services related to climate transition, while maritime and defence sector demand is picking up. At the same time, some consulting firms report rising demand for services related to security and contingency preparedness. Some firms report that customers need assistance to adopt artificial intelligence. At the same time, some see signs that customers are using artificial intelligence to perform tasks they previously outsourced. Contacts that provide CRE-related services, such as architects, technical advisors and recruitment agencies, still report weak demand, although some have recently seen an increase in new orders.

Higher household demand

In household services, growth continues to be underpinned by the sharp rise in tourism. Hotels, restaurants, transport firms and tourist attractions report solid summer guest numbers and expect growth to remain firm through autumn. While foreign tourists continue to be the primary contributors to growth, some contacts expect a rise in the number of domestic guests to generate growth through autumn.

Retail trade contacts expect growth to remain elevated through 2025 H2. Some point out that while high summer temperatures have resulted in fewer visitors to shopping centres, they have also contributed to higher sales for seasonal goods such as clothing, shoes and sporting goods. Contacts expect sales in durable consumer goods, such as cars, furniture and electronics, to increase through autumn. In particular, they point to generous wage settlements and lower expected interest rates.

Slightly higher employment

Overall, contacts are planning for a slight increase in employment to the end of the year, mainly in manufacturing and services. Some service contacts also report that the introduction of artificial intelligence increases the need for technical expertise in the short term, but that AI will dampen the need for labour further ahead. Oil services contacts expect to increase their workforces somewhat in 2025 Q3 but are not planning any further increases. In the longer term, they expect to scale down output and workforces as they complete a number of large projects. Contacts expect output growth to outpace employment growth ahead. This primarily reflects higher expected output growth in retail trade and construction, where spare capacity is also ample, which reduces the need to increase workforces. Retail trade contacts plan to keep workforces stable to the end of the year and expect to meet increased demand with their current workforces. Construction contacts plan no changes in Q3, but assume a slight increase in workforces in Q4 as more residential construction projects are launched.

Unchanged annual wage growth projections

Contacts expect annual wage growth of 4.5% in 2025 and 4.0% in 2026 (Chart 5), in line with projections from the previous survey. For the 2025 projection, a large share of contacts cite the wage norm. Several sectors expect high wage growth in 2025 owing to solid profitability and strong competition for labour. Retail trade contacts have the lowest projections for 2025, reflecting low sales volumes and an ample supply of labour.

Chart 5 Annual wage growth6

Expected annual wage growth. Percent

Increased investment in 2025

Contacts expect somewhat higher investment in 2025 than in 2024 and growth to remain firm in 2026 (Chart 6). Investment growth is broad-based across sectors. Manufacturing is being boosted in particular by investment related to increased aquaculture sector capacity and deliveries to the military. Many contacts also report increased investment in new technology and more efficient production methods. Retail trade contacts have long reported a lag in investment, particularly related to maintenance, which they are now carrying out. They report no change in investment for 2026. Services contacts are investing in digitalisation and technological solutions to automate more tasks. In addition, some contacts are planning investment in new buildings to increase capacity, particularly in tourism. In 2026, more services contacts plan to increase investment in new commercial buildings from levels that have long remained low.

Chart 6 Investment growth7

Expected investment growth. Percent

Somewhat improved profitability

Overall profitability among contacts is stronger than a year ago (Chart 7). Construction contacts report a slight increase for the first time since end-2018, although many point out that profitability is weak. Despite lower activity, cost-cutting measures, such as reducing both permanent and contract personnel, have prevented further margin decline among a number of contacts. In the other sectors, contacts also report improved margins.

Chart 7 Overall profitability growth

Change in operating margin in the current quarter compared with the same period one year earlier. Percent

Substantial improvement in the economic situation in regions Inland and Central

Contacts are asked, on a scale from -3 to +3, how they would rate the economic situation of their enterprise in terms of demand, profitability and prospects. A value of zero indicates a normal situation. The regional indicator is an average of the responses in the individual region. In this survey, all regional indicators are positive, with the exception of a neutral indicator for region East. As in previous surveys, the economic situation is most favourable for contacts in region South-West, but improvement from the June survey is strongest in region Inland, where activity is boosted by defence spending and tourism. Region Central is also showing clear improvement, with contacts also citing defence and tourism. Strong output growth in aquaculture is also strengthening the economic situation in the region.

Regional indicators

Regional Network – enterprises and organisations interviewed over the past year

1881
3M
3T PRODUKTER
4SERVICE EIR RENHOLD
7 STEEL NORDIC MANUFACTURING
7. HIMMEL
A. HANSEN GRUPPEN
A. MARKUSSEN
A-2
AB ØKONOMI
ABB
ABYSS
ACCENTURE
ACCOUNTOR
ACRYLICON, NORD-NORGE
ACTIVEPEOPLE
ADDSECURE
ADECCO
ADECCO, STAVANGER
ADEPTH MINERALS
ADMENTO
ADRESSEAVISEN
ADV. WIERSHOLM
ADVISO ADVOKATFIRMA
ADVOKATFIRMA KJÆR
ADVOKATFIRMA TOFTE HALD
ADVOKATFIRMAET BAHR
ADVOKATFIRMAET GRETTE
ADVOKATFIRMAET SCHJØDT
ADVOKATFIRMAET ØVERBØ GJØRTZ
AERO
AF
AFTENPOSTEN
AGAIA
AGNITIO
AGRA
AHLSELL
AIBEL
AIBEL, ASKER
AIBEL, HARSTAD
AIDER, STAVANGER
AIR PRODUCTS
AIRLIFT
AKER SOLUTIONS
AKER SOLUTIONS, EGERSUND
AKER SOLUTIONS, MMO
AKER SOLUTIONS, STORD
AKER SOLUTIONS, VERDAL
AKERSHUSGARTNEREN
AKERSHUSGRUPPEN
AKOFS NORWAY OPERATIONS
AKSEL ENDRESEN TRANSPORT
AKSELL
AKSESS BEMANNING
AKTIESELSKAPET VINMONOPOLET
AKTIV BEMANNING
AKTIV EIENDOMSMEGLING
AKVA GROUP
AKVAPLAN-NIVA
AKVARIET I BERGEN
ALCOA
ALCOA, LISTA
ALENTO
ALERIS
ALL THINGS LIVE
ALLIANCE HEALTHCARE APOTEKDRIFT
ALLNEX
ALLOC
ALPINCO
ALTA MØBLER
ALTERA INFRASTRUCTURE
ALTI FORVALTNING
ALTIBOX
ALUDYNE
ALVDAL SKURLAG
ALVDAL-TYNSET SPORT
AMEDIA
AMESTO SOLUTIONS
AMFI MOA
ANDERS O GREVSTAD
ANDERSEN MEKANISKE VERKSTED
ANDERSEN OG AKSNES RØRLEGGERBEDRIFT
ANGVIK EIENDOM
ANGVIK GRYTNES ENTREPRENØR
ANKO
ANLEGG ØST ENTREPRENØR
ANORA
ANTENOR OTG
ANTICIMEX
APOLLO REISER
APOTEK 1
APPETITE FOR PRODUCTION
APPEX
APPLICA
APROPOS INTERNETT
APTUM
AQILA
AQUAGEN
AQUARAMA BAD
AQUASHIP
ARBOR
ARCHER
ARCTIC PLAST
ARE TREINDUSTRIER, KAUPANGER
ARENA TRENINGSSENTER
ARENDAL BRYGGERI
ARGES
ARK BOKHANDEL
ARKI ARKITEKTAR
ARKITEMA
ARKWRIGHT CONSULTING
ARM
ARNA & ÅSANE RØRLEGGERSERVICE
ARNTZEN DE BESCHE ADVOKATFIRMA
ARTEC AQUA
ARVID GJERDE
AS BETONG
AS3
ASAP PERSONAL
ASCO, SANDNESSJØEN
ASK MEDIA
ASKO
ASKO NORD
ASKO, MIDT-NORGE
ASPELIN RAMM EIENDOM
ASPLAN VIAK
AT ARKITEKTUR
ATEA
ATEC BEMANNING
ATELIER EKREN
ATLANTERHAVSPARKEN
AUKSJONEN.NO
AURORA GROUP
AURSTAD
AUTOPLAN
AVANTOR
AVINOR
AVINOR, TRONDHEIM LUFTHAVN
AVINOR, BERGEN LUFTHAVN
AVINOR, STAVANGER LUFTHAVN
AVIS BILUTLEIE
AWORD
BACKE
BACKE, ROGALAND
BACKE, SANDEFJORD
BACKE, SØR
BACKE, TRONDHEIM
BACKERGRUPPEN
BAKEHUSET NORD-NORGE
BALLANGEN SJØFARM
BALLSTAD SLIP
BAMA
BAMEK
BANDAK
BANESERVICE
BARCO FREDRIKSTAD
BAREL
BARNAS HUS
BARTEC
BATE BOLIGBYGGELAG
BATTERI ELEKTRO
BAUER MEDIA
BAVARIA, NORDVEST
BCD TRAVEL
BECKMANN
BEERENBERG CORP.
BEITOSTØLEN RESORT
BEKK CONSULTING
BELSVIK
BENESTAD SOLUTIONS
BERG BETONG
BERGE SAG
BERGEN ENGINES
BERGEN FIBER
BERGEN KINO
BERGEN LIVE
BERGEN PERSONAL
BERGENE HOLM
BERGET
BERG-HANSEN REISEBUREAU
BERG-HANSEN REISEBUREAU, VESTFOLD
BERRY NORWAY CONTAINERS
BERRY PACKAGING
BERTEL O. STEEN, ROGALAND
BERTELSEN & GARPESTAD
BEST EVENT
BEST GLOBAL LOGISTICS
BETONMAST, INNLANDET
BETONMAST, RØSAND
BEWI INSULATION
BEYONDER
BIBLIOTEK SYSTEMER A/S
BICO BYGG
BIL I NORD
BIL I NORD NARVIK
BILALLIANSEN
BILECO CAR PARTS
BILFINGER ENGINEERING & MAINT, HØYANGER
BILFINGER ENGINEERING & MAINT, ÅRDAL
BILFINGER, KARMØY
BILSENTERET NAMSOS
BILTEMA
BILTEMA SØRLANDSPARKEN
BIOMAR
BIOSIRK
BITASTAD
BJERGABYGG
BJØRØYA
BLANK
BLIKSUND
BLOCK WATNE
BLOWTECH GT
BLU ELECTRO
BMO ELEKTRO
BMO ENTREPRENØR
BN ENTREPRENØR
BO ANDRÉN
BOA OFFSHORE
BOASSON
BOEN BRUK
BOHUS
BOLAKS
BOLIDEN, ODDA
BOLSETH GLASS
BORREGAARD
BOSS INDUSTRI OG MEKANISK VERKSTED
BOURBON OFFSHORE
BOUVET
BOUVET, ARENDAL
BOUVET, TRONDHEIM
BRAVIDA
BRAVIDA BERGEN
BRAVIDA, FØRDE
BRAVIDA, TRONDHEIM
BREMANGER QUARRY
BREVIK ENGINEERING
BRG
BRIMER
BRITANNIA HOTEL
BRUMUNDDAL REGNSKAP
BRUNVOLL
BRYGGELOFTET & STUENE INVEST
BRØDRENE GUDBRANDSEN
BRØDRENE JAKOBSEN
BRØDRENE SPERRE
BRØDRENE ULVESETH
BSA OFFSHORE
BSH HUSHOLDNINGSAPPARATER
BULLDOZER MASKINLAG ENTREPRENØR
BUNDEGRUPPEN
BUNNPRIS
BUNNPRIS, MØRE
BUSENGDAL
BUSSBYGG
BUSSRING
BWISE
BY NORTH
BYBERG
BYGG OG MASKIN
BYGGIMPULS
BYGGMAKKER
BYGGMAKKER HANDEL
BYGGMESTER SAGEN
BYGGPARTNERE
BYGGSERVICE INNLANDET
BYHAVEN KJØPESENTER
BYKLE VINDU
BYRAA BODØ
BØRSTAD TRANSPORT
CAPGEMINI
CARANORD
CARGILL AQUA NUTRITION
CARNEGIE
CARPENTER
CARSHINE
CAVERION
CAVERION, BERGEN (NORD-VEST)
CAVERION, GJØVIK
CAVERION, SUNNMØRE
CC DAGLIGVARE
CC GJØVIK OG HAMAR
CEGAL
CEMASYS NORDIC
CEMO
CENIKA
CERMAQ
CGG
CGI
CHRISTIANIA RØRLEGGERBEDRIFT
CHRISTIE & OPSAHL
CHSNOR
CITY LADE
CLAMPON
CLARION ERNST HOTELL KRISTIANSAND
CLARION HOTEL ENERGY
CLARKES
CLAS OHLSON
CLASSIC NORWAY
CMS KLUGE ADVOKATFIRMA
COGNIA
COGNITE
COLDWATER PRAWNS PRODUCTION
COLLICARE LOGISTICS
COLOR LINE, KRISTIANSAND
COMFORT HOTEL PORSGRUNN
COMROD
CONCEPT RESTAUTRANTS
CONCEPTOR
CON-FORM
CON-FORM, ORKANGER
CONSTO
CONSTO, MIDT-NORGE
COOP
COOP NORDVEST
COOP NORDVEST, FØRDE
COOP, HORDALAND
COOP, INNLANDET
COOP, MIDT-NORGE
COOP, NORD
COOP, NORDLAND
COOP, ØKONOM
COROMATIC
CORONA INTERIØR
COSL
COWI
CRAMO
CRYOGENETICS
CSUB
CTM LYNG
CUROTECH
DALE OF NORWAY
DALEN HOTEL
DANSKE BANK
DARK
DE BERGENSKE
DEDICARE
DEFENDABLE
DEKKTEAM
DELITEK
DELOITTE
DELOITTE, GJØVIK
DELTA ELECTRONICS
DELY
DEN NORSKE OPERA & BALLETT
DEVICO
DEVOLD OF NORWAY
DEVOTEAM
DIALECTA KOMMUNIKASJON
DIALOG EXE (DX)
DIGITAL ETIKETT
DINAMO
DNB BANK, NORD
DNB BANK, STAVANGER
DNB EIENDOM
DNB EIENDOM, HAMAR
DNB EIENDOM, TRONDHEIM
DNB EIENDOM, TØNSBERG
DNB NÆRINGSEIENDOM
DNB NÆRINGSMEGLING
DNB NÆRINGSMEGLING, TRONDHEIM
DNB TRONDHEIM
DNH DEN NORSKE HØYTTALERFABRIKK
DNV
DOF
DOMSTEIN
DRAG INDUSTRIER
DRAMMEN LIFTUTLEIE
DROMEDAR KAFFEBAR
DRYTECH
DUPONT NUTRITION
DURI FAGPROFIL
DYNEA
DYRSKUN
DØLAKJØTT
E A SMITH
E I NORD
E. FLASNES TRANSPORT
ECOSØR
EFFEKTIVT RENHOLD
EGENCIA
EGERSUND GROUP
EID ELEKTRO
EIDESVIK OFFSHORE
EIDSVAAG
EIENDOMSHUSET MALLING & CO
EIENDOMSMEGLER 1, INNLANDET
EIENDOMSMEGLER 1, KRISTIANSAND
EIENDOMSMEGLER 1, MIDT-NORGE
EIENDOMSMEGLER 1, NORD-NORGE
EIENDOMSMEGLER 1, SR-EIENDOM
EIENDOMSMEGLER 1, TELEMARK
EIENDOMSMEGLER VEST
EIENDOMSSPAR
EIGEDOMSMEKLING SOGN OG FJORDANE
EIK SERVERING
EIKA
EINAR ØGREY FARSUND
ELECTRO TEAM
ELEFUN
ELEKTRO 4
ELEKTRO BODØ
ELEKTRO INSTALLASJON
ELEKTRO-KONTAKTEN
ELEMENT NOR
ELEMENT SØR
ELKEM, BREMANGER
ELKEM, SALTEN VERK
ELKEM, THAMSHAVN
ELKJØP
ELKJØP, FJORDANE
ELKJØP, FORUS
ELMO TEKNIKK
ELTA RESTAURANTBEDRIFT
EL-TEAM
ELTEL NETWORKS
ELTERAGRUPPEN
EL-TJENESTE
ENGERS LEFSEBAKERI
ENGØ GÅRD
ENIVEST
ENRX/IPT
ENTRA
ENTRACK
ENTRO
EPAX
EPINOVA
EPIROC
EPLEHUSET
ERAMET, KVINESDAL
ERAMET, SAUDA
EUROPRIS
EUROSKO
EUROSPAR, BRUMUNDDAL
EVENSEN & EVENSEN
EVENSTAD MUSIKK -DISTRIBUSJON
EVERZINC
EVIDIA
EXBO SØRLANDET
EXPLORO
EXSITEC
EXTRA LEKER
EY
EY, BERGEN
EY, SUNNMØRE
FABELAKTIV
FABER BYGG
FABI
FAGTRYKK
FARRIS BAD
FAUN
FELLESKJØPET, ROGALAND AGDER
FENIX OUTDOOR
FERDA
FIGGJO
FINN OG ALBERT EGELAND
FINNEID SVEISEVERKSTED
FINNFJORD
FINNY SIREVAAG
FINNØY GEAR & PROPELLER
FIRDA BILLAG
FIRDA MEDIA
FIRESAFE
FIRING &THORSEN
FIRMENICH BJØRGE BIOMARIN
FIRST HOUSE
FISKERSTRAND VERFT
FISKÅ MØLLE
FIVEN
FJELDSETH
FJELLSPORT.NO
FJORD1
FJORDKJØKKEN
FLAKK
FLEISCHER'S HOTEL
FLEKKERØY VVS
FLISEKOMPANIET
FLOKK
FLUID CONTROL SERVICE
FLYTOGET
FLØIBANEN
FM
FOCUS CARE
FOKUS ELEKTRO
FOLK
FOOD FOLK
FOODMAN
FOODORA
FOODTECH INTERIØR OG STORKJØKKEN
FORCE TECHNOLOGY, KRISTIANSAND
FORD MOTOR
FORENOM
FORESTIA
FORMUE
FOSDALEN
FOSS FABRIKKER
FOURPHASE
FPE SONTUM
FRAM REVISJON
FRAMO
FRAMSIKT
FRANZEFOSS MINERALS
FRANZEFOSS PUKK
FREJA TRANSPORT AND LOGISTICS
FREMTIND FORSIKRING
FRENDE FORSIKRING
FRESH FITNESS
FRONTLINE POS
FRYDENBØ BIL
FRYDENBØ BIL FØRDE
FRYDENBØ INDUSTRI ØKSFJORD
FRØY GRUPPEN
FSV
FUGLEFJELLET
FUGRO
FUNDAMENTERING AS - FAS
FURNES JERNSTØPERI
FURSETGRUPPEN
FURSTÅL
FUTURE PRODUCTION
FÆDRELANDSVENNEN
FØRDE SEMENTVARE
FØRRE TREVAREFABRIKK
G3 GAUSDAL TREINDUSTRIER
GAGAMA ELEKTRO
GALVANO INDUSTRI
GANN TRE
GANT RETAIL
GAST ENTREPRENØR
GAUPEN-HENGER
GAUSDAL LANDHANDLERI
GC RIEBER VIVOMEGA
GE VINGMED ULTRASOUND
GEILOGRUPPEN
GET INSPIRED
GIGANTE HAVBRUK
GILJE TRE
GINA TRICOT
GJENSIDIG ASSURANSEFORENING
GJENSIDIGE FORSIKRING
GJØCO
GJØVIK GRAVESERVICE
GK
GK, LILLEHAMMER
GKN AEROSPACE
GLACIO
GLAMOX
GLAVA
GLENCORE NIKKELVERK
GLOBALCONNECT
GLOMMA PAPP
GLØR PARTNER
GLÅMDALEN
GMC
GNIST ARKITEKTER
GOKSTADAPOTEKENE
GOODTECH
GORINES
GRADE JOBBNORGE
GRAND HOTELL EGERSUND
GRANDE ENTREPRENØR
GRAPE ARCHITECTS
GREEN H
GREEN MOUNTAIN
GREEN YARD
GRIEG SEAFOOD, FINNMARK
GRILSTAD
GRILSTAD, BRUMUNDDAL
GRILSTAD, STRANDA
GRIP MALING OVERFLATEBEHANDL KORROSJONSENTREPRENØR
GROMSTAD AUTO
GROTNES STEEL
GRUNN-SERVICE
GRØNNE FOLK
GRØNSBERG BYGG
G-TRAVEL
GUDBRANDSDAL ENERGI
GUDBRANDSDALENS ULDVAREFARBRIK
GULLSMED J. FRISENBERG
GUMPEN
GUNNAR HIPPE PLATE OG SVEISEVERKSTED
GUNNAR KLO
GUNVALD JOHANSEN HANDEL
GYLDENDAL
H & K SANDNES
H. MYDLAND
HAGEN
HALLGRUPPEN
HALLIBURTON
HALLINGPLAST
HALOGEN
HANDELSBANKEN
HANESETH
HANS H. IVERSEN
HANSEN OG JUSTNÆS
HAPLAST
HAREID GROUP, BYGG & INDUSTRI
HAREID GROUP, FORBRUKERELEKTRONIKK
HAREID GROUP, MARITIM INDUSTRI
HARRIS ADVOKATFIRMA
HARSTAD MASKIN
HARSTAD MEK. VERKSTED
HAUCON
HAUGESUND SPAREBANK
HAV EIENDOM
HAV GROUP
HAV LINE
HAVER ADVOKATFIRMA
HAVFRAM
HAVILA SHIPPING
HD HYUNDAI INFRACORE
HEAD ENERGY
HEATWORK
HEGSTAD & BLAKSTAD
HEIDELBERG MATERIALS SEMENT
HEIDELBERG MATERIALS TILSLAG
HEIMDAL BOLIG
HEIMDAL EIENDOMSMEGLING
HEIMSTADEN
HELEN & HARD
HELGELAND MARINASYSTEMER
HELGELAND PLAST
HELGELANDSBASE
HELGESEN TEKNISKE BYGG
HELLENES INDUSTRIER
HELLY HANSEN
HELP FORSIKRING
HELTHJEM DISTRIBUSJON VEST
HEMMINGODDEN LOFOTEN FISHING LODGE
HENDEN SPORT
HENDUG BYGG
HENNIG-OLSEN IS
HENT
HEPRO
HERREGALLERIET
HERTZ
HESSELBERG
HEXAGON RAGASCO
HEYMAT
HG BYGG
HIGHSOFT
HITEC PRODUCTS
HK TROMSØ REKLAMEBYRÅ
HMH
HOB GODS
HOFSETH INTERNATIONAL
HOLBERG FORVALTNING
HOLDBART
HOLMØY MARITIME
HOLTE CONSULTING
HORISONT ENERGI
HOTEL ALEXANDRA
HOTEL UNION GEIRANGER
HOTEL VICTORIA
HOTELL VIC
HOTELLDRIFT ÅLESUND
HOVDEN HYTTESERVICE
HOVE WEST
HOVLI AUTO
HRL
HSH ENTREPRENØR
HTH
HTS DYNAMICS
HUNDERFOSSEN FAMILIEPARK
HUNTER DOUGLAS
HUNTON FIBER
HUNTONIT
HURTIGRUTEN
HUSTAD MØBLER
HYDRO
HYDRO EXTRUSION
HYDROLIFT
HÆHRE ENTREPRENØRER
HØGEVARDE
HÅ ELEMENT
HAALAND NORD
HÅNDVERKSGRUPPEN
I P HUSE
IBIZA BOATS
ICOPALTAK
IGLAND GARASJEN
IGLO MANO
IK
IKEA
IKEA, FORUS
IKEA, LEANGEN
IKEA, RINGSAKER
IKEA, ÅSANE
IKM
IKM ACONA
IMPEC
IMPLENIA
IMPULSE TRENINGSSENTER
IMS
IMS TECHNOLOGIES
INDIRA
INDUSTRIVISUALISERING
INGENIØR IVAR PETTERSEN
INISSION LØKKEN
INNLAND - REGIONAL INDIKATOR - RUNDE 2
INNLAND - REGIONAL INDIKATOR - RUNDE 3
INNOMHUS
INNOVA
INNOVENTI
INNTRE
INNVIK
INOVYN
INPEX IDEMITSU
INRIGO
INSENTI
INSIDER FACILITY SOLUTIONS
INSPIRIT365
INTEK ENGINEERING
INTERFIL
INTILITY
INVENT SPORT
INVENTURA
ISIFLO
ISLAND OFFSHORE
ISOLA
ISS FACILITY SERVICES
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ÅSEN & ØVRELID