Clear decline in manufacturing output

Published:

Norwegian manufacturing output declined 2.3 per cent from August to October 2017 compared to the previous three-month period, according to seasonally-adjusted figures. The decline must be seen in context with a particularly low activity level in August. From September to October 2017 manufacturing production increased by 0.7 per cent.

The index level for Norwegian manufacturing from August to October 2017 amounted to 112.6 (2005=100). The corresponding figure for the previous three-month period was 115.2. Smoothed seasonally-adjusted figures indicate a falling trend for the last 4 months (see figure 1).

Figure 1. Production development in manufacturing. Seasonally adjusted and smoothed seasonally adjusted figures. 2005=100
Figure 1. Production development in manufacturing. Seasonally adjusted and smoothed seasonally adjusted figures. 2005=100
Smoothed seasonally adjusted Seasonally adjusted
Jan. 2012 113.89 114.6
Feb. 2012 113.98 113.9
Mar. 2012 114.09 113.51
Apr. 2012 114.34 113.74
May. 2012 114.74 115.89
June. 2012 115.25 114.82
July. 2012 115.77 115.09
Aug. 2012 116.19 117.09
Sep. 2012 116.48 116.56
Oct. 2012 116.69 116.75
Nov. 2012 116.96 117.06
Dec. 2012 117.3 116.29
Jan. 2013 117.83 118.08
Feb. 2013 118.43 118.83
Mar. 2013 119.15 117.1
Apr. 2013 119.85 120.49
May. 2013 120.42 119.44
June. 2013 120.75 121.23
July. 2013 120.82 121.83
Aug. 2013 120.69 120.44
Sep. 2013 120.5 120.28
Oct. 2013 120.36 120.19
Nov. 2013 120.39 119.65
Dec. 2013 120.56 120.76
Jan. 2014 120.93 121.83
Feb. 2014 121.28 121.47
Mar. 2014 121.74 121.46
Apr. 2014 122.37 121.8
May. 2014 123.21 122.41
June. 2014 124.14 124.92
July. 2014 125.08 124.91
Aug. 2014 125.78 126.67
Sep. 2014 126.05 122.68
Oct. 2014 125.85 126.36
Nov. 2014 125.3 124.84
Dec. 2014 124.52 125.64
Jan. 2015 123.66 122.27
Feb. 2015 122.73 122.55
Mar. 2015 121.75 125.82
Apr. 2015 120.79 121.47
May. 2015 119.88 118.92
June. 2015 119.06 120.12
July. 2015 118.36 116.94
Aug. 2015 117.77 117.81
Sep. 2015 117.24 118.52
Oct. 2015 116.77 115.82
Nov. 2015 116.34 117.01
Dec. 2015 116 115.89
Jan. 2016 115.75 114.79
Feb. 2016 115.49 115.23
Mar. 2016 115.21 116.77
Apr. 2016 114.77 114.54
May. 2016 114.16 114.77
June. 2016 113.47 112.4
July. 2016 112.78 115.86
Aug. 2016 112.3 109.64
Sep. 2016 112.18 112.04
Oct. 2016 112.33 112.01
Nov. 2016 112.61 112.21
Dec. 2016 112.99 113.45
Jan. 2017 113.35 114.02
Feb. 2017 113.68 113.7
Mar. 2017 113.92 112.74
Apr. 2017 114.07 114.72
May. 2017 114.15 114.5
June. 2017 114.18 113.84
July. 2017 114.15 117.16
Aug. 2017 114.05 110.3
Sep. 2017 113.91 113.4
Oct. 2017 113.8 114.24

Three-month change: decrease in several manufacturing industries

According to seasonally-adjusted figures, manufacturing output saw a clear decrease of 2.3 per cent from August to October 2017 compared with the previous three-month period. This notable decline is particularly related to low production activity in August.

The overall manufacturing decrease is due to low production within both petroleum-related manufacturing and other branches of Norwegian manufacturing. The following industries contributed most to the total decline:

  • basic metals: -1,1
  • computer and electrical equipment: -1,9
  • ships, boats and oil platforms: -1,8
  • repair and installation of machinery: -1,7

The decline was partly dampened by growth within food products due to high activity within processing and preserving of fish.

Figure 2. Selected industries in manufacturing. Seasonally adjusted, 3-month percentage change.
Figure 2. Selected industries in manufacturing. Seasonally adjusted, 3-month percentage change.
3-month percentage change
Computer and electrical equipment -1.9
Ships, boats and oil platforms -1.8
Repair, installation of machinery -1.7
Basic metals -1.1
Food products 0.9

Figure 3. Indicator for petroleum-related industries. Seasonally adjusted¹. 2005=100
Figure 3. Indicator for petroleum-related industries. Seasonally adjusted¹. 2005=100
Petroleum-related manufacturing and support activities Petroleum-related manufacturing Manufacturing ex. petroleum-related industries
Jan. 2007 124.1 105.3
Feb. 2007 124.7 105.8
Mar. 2007 124.9 105.7
Apr. 2007 126.5 105.5
May. 2007 130 106.7
June. 2007 132.5 106.2
July. 2007 132.9 106.5
Aug. 2007 132.8 105.3
Sep. 2007 133 105.5
Oct. 2007 134.6 105.2
Nov. 2007 135.7 104.9
Dec. 2007 137.7 104.7
Jan. 2008 139.9 104.8
Feb. 2008 142.1 105.6
Mar. 2008 141.8 105.1
Apr. 2008 144.5 106.1
May. 2008 148.4 105.9
June. 2008 152.9 106.2
July. 2008 156.2 104.1
Aug. 2008 156.3 103.4
Sep. 2008 156.7 102.1
Oct. 2008 155.8 101.3
Nov. 2008 155.7 99.8
Dec. 2008 156.1 98.5
Jan. 2009 156.2 96.7
Feb. 2009 157 94.9
Mar. 2009 157.5 93.3
Apr. 2009 157.1 92.1
May. 2009 156.6 91
June. 2009 154.8 90.3
July. 2009 153.5 90.2
Aug. 2009 152.8 90.7
Sep. 2009 153.5 92
Oct. 2009 153.8 92.9
Nov. 2009 153.2 93.8
Dec. 2009 151.7 94.3
Jan. 2010 143.9 151 94.7
Feb. 2010 143.2 150.6 95.3
Mar. 2010 144.9 151.4 95.9
Apr. 2010 145.8 151.9 96.5
May. 2010 143.4 151.6 96
June. 2010 143.1 152.3 96.7
July. 2010 142.3 152.3 98.2
Aug. 2010 142.2 152 98.6
Sep. 2010 143 151.4 98.5
Oct. 2010 144.8 151.2 97.7
Nov. 2010 148.2 152.6 99
Dec. 2010 151 152.7 99
Jan. 2011 149.9 153 99
Feb. 2011 149.5 153.1 98.8
Mar. 2011 147.3 153.3 99.6
Apr. 2011 148.9 151.8 99.6
May. 2011 150.6 152.7 99.4
June. 2011 152.3 151.9 97.8
July. 2011 154.2 153 95.7
Aug. 2011 155.9 154.5 94.2
Sep. 2011 159.1 158.7 94.5
Oct. 2011 161.2 163.3 95.6
Nov. 2011 162.8 164.7 96.3
Dec. 2011 164.7 166.6 95.3
Jan. 2012 167.1 167.9 95.3
Feb. 2012 169.5 168.4 95.2
Mar. 2012 167.6 168 95.5
Apr. 2012 164.7 166.2 95.6
May. 2012 164.7 167.9 95.9
June. 2012 168.2 169.3 95.9
July. 2012 170.5 172.3 95.6
Aug. 2012 172.8 174.4 95.4
Sep. 2012 173.5 177 95.4
Oct. 2012 177.6 179.7 95
Nov. 2012 178.1 180.9 94.6
Dec. 2012 179.1 181.6 94.4
Jan. 2013 180.3 183.2 94.5
Feb. 2013 182.5 186.1 94.2
Mar. 2013 186.7 188.2 93.8
Apr. 2013 187.8 191.5 93.4
May. 2013 189.3 193.5 93
June. 2013 190.8 197.6 93.4
July. 2013 193.8 198.7 93.9
Aug. 2013 194.1 198.2 94.6
Sep. 2013 193.8 196.9 94.6
Oct. 2013 191.5 195 94.6
Nov. 2013 193 195.2 94.1
Dec. 2013 194 195.2 94.2
Jan. 2014 196.2 196.8 94.2
Feb. 2014 196.6 198.6 94.3
Mar. 2014 195.9 200.5 93.9
Apr. 2014 195.8 200.6 94.1
May. 2014 197.5 201.1 94.4
June. 2014 200.1 203.3 95.2
July. 2014 199.2 207.6 95.1
Aug. 2014 201.2 212.9 95.2
Sep. 2014 201 212.9 94.2
Oct. 2014 206.1 213.6 94.5
Nov. 2014 204.2 212.4 94.1
Dec. 2014 203.5 215.1 94.5
Jan. 2015 199.6 213.2 93.5
Feb. 2015 196.8 210.3 93.4
Mar. 2015 195.2 208.3 94
Apr. 2015 193.9 205.7 94.5
May. 2015 189.3 202.3 94.1
June. 2015 184.9 195.8 93.8
July. 2015 180.7 191.9 92.8
Aug. 2015 179.1 189.1 93.3
Sep. 2015 177.3 187.2 93.2
Oct. 2015 173.5 184.4 94
Nov. 2015 171.7 182.1 94.3
Dec. 2015 168 178.4 94.2
Jan. 2016 165.1 177 94.2
Feb. 2016 164.4 174.9 94.2
Mar. 2016 164.9 175.5 94.5
Apr. 2016 164 174 94.8
May. 2016 161.1 172.3 95.1
June. 2016 157.5 167.8 94.7
July. 2016 157.7 166.9 95
Aug. 2016 152.9 159.9 95
Sep. 2016 151.5 158.2 95.3
Oct. 2016 148.9 155.5 95
Nov. 2016 150.9 159.2 95.1
Dec. 2016 151.5 161 95.3
Jan. 2017 151 159.6 96.6
Feb. 2017 149.4 159.2 97.5
Mar. 2017 145.9 155.2 98.1
Apr. 2017 147.1 157.1 98
May. 2017 148.5 157.5 98.1
June. 2017 150.6 159 98.3
July. 2017 149.8 156.5 99.1
Aug. 2017 146.6 153.3 98.2
Sep. 2017 146.6 153.5 98
Oct. 2017 145.4 154.1 97.3

Monthly change: increase in manufacturing from September to October 2017

According to seasonally-adjusted figures, manufacturing output increased by 0.7 per cent from September to October 2017. The industry grouping refined petroleum, chemicals and pharmaceuticals together with ships, boats and oil platforms contributed most to this growth. The increase within ships, boats and oil platforms in October is related to large projects among some leading suppliers.

Twelve-month change: stronger output growth in the Euro area than in Norway in September 2017

According to calendar-adjusted figures, Norwegian manufacturing output saw an increase of 1.2 per cent from September 2016 to September 2017. Computer and electrical equipment together with the industry grouping refined petroleum, chemicals and pharmaceuticals had the largest positive contribution. Estimated figures from Eurostat, the EU’s statistical office, indicate that output in manufacturing in the Euro area increased strongly by 3.9 per cent in the same period.

Figure 4. Index of production for manufacturing. Euro area and Norway (2010=100). Seasonally adjusted
Figure 4. Index of production for manufacturing. Euro area and Norway (2010=100). Seasonally adjusted
Euro area Norway
Jan. 2012 103.00 102.90
Feb. 2012 102.30 102.20
Mar. 2012 103.80 101.90
Apr. 2012 101.80 102.10
May. 2012 103.00 104.00
June. 2012 102.10 103.10
July. 2012 102.80 103.30
Aug. 2012 103.70 105.10
Sep. 2012 101.70 104.60
Oct. 2012 100.90 104.80
Nov. 2012 100.00 105.10
Dec. 2012 100.60 104.40
Jan. 2013 100.20 106.00
Feb. 2013 100.00 106.70
Mar. 2013 100.70 105.10
Apr. 2013 101.20 108.20
May. 2013 101.30 107.20
June. 2013 101.90 108.80
July. 2013 101.10 109.40
Aug. 2013 101.90 108.10
Sep. 2013 102.10 108.00
Oct. 2013 101.70 107.90
Nov. 2013 102.90 107.40
Dec. 2013 102.80 108.40
Jan. 2014 103.10 109.40
Feb. 2014 103.50 109.10
Mar. 2014 103.00 109.00
Apr. 2014 104.00 109.30
May. 2014 102.80 109.90
June. 2014 102.60 112.10
July. 2014 103.80 112.10
Aug. 2014 101.70 113.70
Sep. 2014 103.10 110.10
Oct. 2014 103.20 113.50
Nov. 2014 103.20 112.10
Dec. 2014 104.40 112.80
Jan. 2015 103.80 109.80
Feb. 2015 105.20 110.00
Mar. 2015 105.80 113.00
Apr. 2015 105.40 109.00
May. 2015 105.60 106.70
June. 2015 105.80 107.80
July. 2015 106.30 104.90
Aug. 2015 105.30 105.70
Sep. 2015 105.80 106.30
Oct. 2015 106.50 104.10
Nov. 2015 105.90 105.10
Dec. 2015 106.00 104.10
Jan. 2016 108.40 103.10
Feb. 2016 107.10 103.50
Mar. 2016 105.80 104.80
Apr. 2016 107.50 102.80
May. 2016 106.10 103.00
June. 2016 107.10 100.90
July. 2016 106.40 104.00
Aug. 2016 107.90 98.40
Sep. 2016 107.40 100.50
Oct. 2016 107.20 100.70
Nov. 2016 109.00 100.80
Dec. 2016 108.10 101.90
Jan. 2017 107.90 102.40
Feb. 2017 108.40 102.10
Mar. 2017 109.30 101.20
Apr. 2017 109.20 103.00
May. 2017 110.70 102.80
June. 2017 109.90 102.20
July. 2017 110.40 105.10
Aug. 2017 112.40 99.00
Sep. 2017 111.50 101.60

Three-month change: fall in total industrial production (PII)

According to seasonally-adjusted figures, the total production index (PII) covering extraction, mining, manufacturing and electricity supply, had a decline of 0.9 per cent from August to October 2017 compared with the previous three-month period. In this period, extraction of crude petroleum had a notable downturn of 8.3 per cent, while extraction of natural gas increased strongly by 5.2 per cent. For more details about oil and gas extraction for October 2017, see the press release from The Norwegian Petroleum Directorate.

Within support activities for petroleum and natural gas extraction, output saw a clear decrease of 3.7 per cent from August to October 2017 compared with the previous three-month period. The decline is related to completion of some large projects in the previous months.

In the same period, mining and quarrying saw a decrease of 2.0 per cent, while production within Norwegian electricity supply went up by 2.7 per cent.

Figure 5. Production development. Seasonally adjusted. Three-month moving average¹. 2005=100
Figure 5. Production development. Seasonally adjusted. Three-month moving average¹. 2005=100
Manufacturing Extraction, mining, manufacturing and elec. Extraction and related services
Jan. 2007 110.3 96.9 92.6
Feb. 2007 110.8 97.3 92.9
Mar. 2007 110.6 96.3 91.6
Apr. 2007 111 97.8 93.3
May. 2007 112.9 97.6 92.2
June. 2007 113.2 96.5 90.1
July. 2007 113.6 95.4 88
Aug. 2007 112.6 96 88.9
Sep. 2007 112.8 98.2 91.7
Oct. 2007 112.9 98.3 91.9
Nov. 2007 113 97.9 91.7
Dec. 2007 113.5 96.5 90.2
Jan. 2008 114.1 95.9 89.4
Feb. 2008 115.3 95.5 88.4
Mar. 2008 114.6 96.1 89.3
Apr. 2008 116.1 96.7 89.2
May. 2008 117.1 97.9 90.4
June. 2008 118.7 98.5 90.4
July. 2008 117.6 98.8 91.4
Aug. 2008 117 96.8 88.9
Sep. 2008 116.2 95.8 88.2
Oct. 2008 115.6 95.4 88
Nov. 2008 114.4 97 90.6
Dec. 2008 113.5 97.7 91.8
Jan. 2009 112.1 96.9 91.1
Feb. 2009 110.9 97.3 92.1
Mar. 2009 109.8 96.5 91.3
Apr. 2009 108.9 96 90.9
May. 2009 107.6 93.4 87.7
June. 2009 106.7 92.2 86.6
July. 2009 106.1 91.5 86.1
Aug. 2009 106.6 92.2 86.9
Sep. 2009 107.7 93.2 87.6
Oct. 2009 108.5 93.3 87
Nov. 2009 109.2 93.4 86.8
Dec. 2009 109.3 92.5 85.4
Jan. 2010 109.4 92.3 85.1
Feb. 2010 109.7 92 84.7
Mar. 2010 110.1 91.6 84.4
Apr. 2010 110.8 90.9 83.8
May. 2010 110.3 90.3 83.6
June. 2010 111.1 89.3 82.2
July. 2010 111.8 88.1 80.4
Aug. 2010 112 84.9 75.7
Sep. 2010 111.7 83.6 73.7
Oct. 2010 111.4 84.8 75.3
Nov. 2010 112.6 87.4 77.9
Dec. 2010 112.6 89.1 80
Jan. 2011 112.7 87.7 78.4
Feb. 2011 112.6 87 77.9
Mar. 2011 113.1 85.8 76.5
Apr. 2011 112.9 84.7 74.9
May. 2011 113 82.3 71.1
June. 2011 111.7 81.7 70
July. 2011 110.2 81.9 69.7
Aug. 2011 109.6 84.3 72.6
Sep. 2011 110.9 85.6 74.2
Oct. 2011 112.9 86.1 74.5
Nov. 2011 113.8 86.4 74.7
Dec. 2011 113.5 85.3 73.6
Jan. 2012 113.9 86.6 74.8
Feb. 2012 113.9 87.3 75.1
Mar. 2012 114 88.4 75.8
Apr. 2012 113.7 88.4 75.5
May. 2012 114.4 88.5 75.5
June. 2012 114.8 88.9 76
July. 2012 115.3 88 75.1
Aug. 2012 115.7 87.3 74
Sep. 2012 116.3 85 70.4
Oct. 2012 116.8 85.2 70.4
Nov. 2012 116.8 84.3 69.3
Dec. 2012 116.7 85.3 70.9
Jan. 2013 117.2 83.8 70.1
Feb. 2013 117.7 82.4 69.3
Mar. 2013 118 80.7 68.4
Apr. 2013 118.8 81.1 68.9
May. 2013 119 82.8 71.1
June. 2013 120.4 84 72.4
July. 2013 120.8 85.1 73.6
Aug. 2013 121.1 84.5 72.8
Sep. 2013 120.8 83.9 72.1
Oct. 2013 120.3 81.6 69.4
Nov. 2013 120.1 81.5 69.3
Dec. 2013 120.2 82 69.9
Jan. 2014 120.8 83.7 71.5
Feb. 2014 121.4 84.3 71.8
Mar. 2014 121.6 85.2 72.3
Apr. 2014 121.6 85.3 72.3
May. 2014 121.9 84.2 70.2
June. 2014 123 84 69.5
July. 2014 124.1 83.8 69.1
Aug. 2014 125.5 85 70.5
Sep. 2014 124.8 85.5 71.5
Oct. 2014 125.3 86.8 73.1
Nov. 2014 124.6 87.4 73.9
Dec. 2014 125.6 87.5 73.7
Jan. 2015 124.2 86.2 72.4
Feb. 2015 123.5 86.2 72.7
Mar. 2015 123.6 86.3 72.9
Apr. 2015 123.3 85.3 71.6
May. 2015 122.1 84.8 71.3
June. 2015 120.2 85.1 72.2
July. 2015 118.6 86.5 74.6
Aug. 2015 118.3 87.5 75.9
Sep. 2015 117.7 87.7 76.4
Oct. 2015 117.4 87.8 76.7
Nov. 2015 117.1 86.8 75.5
Dec. 2015 116.2 85.5 74.1
Jan. 2016 115.9 85.3 73.8
Feb. 2016 115.3 85.6 74.1
Mar. 2016 115.6 85.8 73.9
Apr. 2016 115.5 86 74.2
May. 2016 115.4 86.2 74.6
June. 2016 113.9 85.3 74
July. 2016 114.4 85.3 74
Aug. 2016 112.6 83.9 72.5
Sep. 2016 112.5 81.9 69.8
Oct. 2016 111.2 82.2 70.6
Nov. 2016 112.1 83.5 72.2
Dec. 2016 112.6 85.9 75.3
Jan. 2017 113.2 85.9 74.4
Feb. 2017 113.7 86 73.7
Mar. 2017 113.5 86.8 74.2
Apr. 2017 113.7 86.9 74.1
May. 2017 114 86.9 74
June. 2017 114.3 87.1 74
July. 2017 115.2 87.3 74
Aug. 2017 113.8 87.7 74.9
Sep. 2017 113.6 87.5 74.4
Oct. 2017 112.6 86.5 73.4

Contact