Growth in manufacturing output

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Norwegian manufacturing output saw an increase of 1.0 per cent from May to July 2017 compared to the previous three-month period, according to seasonally-adjusted figures. On a month to month basis, from June to July 2017, manufacturing output went up 1.9 per cent.

The index level for Norwegian manufacturing from May to July 2017 amounted to 115.1 (2005=100). The corresponding figure for the previous three-month period was 114.0. Smoothed seasonally-adjusted figures show a turning point for manufacturing output in September 2016, and since then the activity has risen somewhat.

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 120.97 121.67
Feb. 2014 121.36 121.52
Mar. 2014 121.83 121.68
Apr. 2014 122.43 121.86
May. 2014 123.19 122.54
June. 2014 124.03 125.04
July. 2014 124.88 124.14
Aug. 2014 125.56 126.7
Sep. 2014 125.88 122.71
Oct. 2014 125.8 126.38
Nov. 2014 125.41 124.83
Dec. 2014 124.74 125.67
Jan. 2015 123.9 122.16
Feb. 2015 122.97 122.62
Mar. 2015 122.01 126.1
Apr. 2015 121.08 121.56
May. 2015 120.23 119.03
June. 2015 119.44 120.29
July. 2015 118.75 116.1
Aug. 2015 118.09 117.69
Sep. 2015 117.45 118.44
Oct. 2015 116.85 115.88
Nov. 2015 116.31 117.04
Dec. 2015 115.93 115.89
Jan. 2016 115.7 114.66
Feb. 2016 115.49 115.38
Mar. 2016 115.23 117
Apr. 2016 114.82 114.74
May. 2016 114.21 114.95
June. 2016 113.5 112.6
July. 2016 112.78 114.91
Aug. 2016 112.28 109.3
Sep. 2016 112.14 111.9
Oct. 2016 112.29 112.15
Nov. 2016 112.6 112.2
Dec. 2016 113.02 113.5
Jan. 2017 113.4 113.94
Feb. 2017 113.77 113.83
Mar. 2017 114.1 113.05
Apr. 2017 114.37 114.95
May. 2017 114.6 114.77
June. 2017 114.78 114.13
July. 2017 114.9 116.27

Three-month change: growth within rubber, plastic and mineral products

According to seasonally-adjusted figures, manufacturing output saw an increase of 1.0 per cent from May to July 2017 compared to the previous three-month period. The industry grouping rubber, plastic and mineral products contributed most to the overall growth, with an increase of 3.9 per cent. This growth is particularly related to a high level of activity in the Norwegian construction sector, where this industry grouping is a supplier of intermediate goods. In addition, basic chemicals also saw an increase in this period equivalent to 3.3 per cent.

On the other hand, petroleum-related manufacturing saw an overall decrease of 1.0 per cent from May to July 2017 compared to the previous three-month period. Among these industries, machinery and equipment had the largest fall with a decline of 3.2 per cent. For more details about how petroleum-related manufacturing affects the overall development in manufacturing, see the article Norwegian Manufacturing 2016 – a tough year for manufacturing.

Figure 2. Selected industries in manufacturing. Seasonally adjusted, 3-month percentage change. May 2017-July 2017/February 2017-April 2017
Figure 2. Selected industries in manufacturing. Seasonally adjusted, 3-month percentage change. May 2017-July 2017/February 2017-April 2017
3-month percentage change
Machinery and equipment -3.2
Food products -1.2
Basic chemicals 3.3
Rubber, plastic and mineral prod. 3.9

Figure 3. Indicator for petroleum-related industries. Seasonally adjusted.
Figure 3. Indicator for petroleum-related industries. Seasonally adjusted.
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 196.1 196.8 94.1
Feb. 2014 196.5 198.7 94.2
Mar. 2014 195.8 200.8 93.9
Apr. 2014 195.6 200.7 94.1
May. 2014 197.5 201.1 94.5
June. 2014 200.1 202.9 95.3
July. 2014 199.5 207 95.1
Aug. 2014 201.3 211.8 95.2
Sep. 2014 201.1 212.4 94.1
Oct. 2014 206 213.5 94.4
Nov. 2014 204.2 212.8 94
Dec. 2014 203.4 215.2 94.5
Jan. 2015 199.6 213.4 93.4
Feb. 2015 196.7 210.6 93.3
Mar. 2015 195.1 208.7 94
Apr. 2015 193.6 205.8 94.6
May. 2015 189.1 202.4 94.3
June. 2015 184.7 195.4 94
July. 2015 181.1 191.5 92.9
Aug. 2015 179.4 187.7 93.3
Sep. 2015 177.6 186.5 93
Oct. 2015 173.4 184.3 93.8
Nov. 2015 171.8 182.8 94.2
Dec. 2015 168 178.7 94.2
Jan. 2016 165.1 177.2 94
Feb. 2016 164.3 174.9 94.1
Mar. 2016 164.7 175.6 94.4
Apr. 2016 163.8 174 95
May. 2016 161 172.3 95.3
June. 2016 157.4 167.4 95
July. 2016 158.2 166.2 95.2
Aug. 2016 153.2 158.4 94.9
Sep. 2016 151.8 157.7 94.9
Oct. 2016 148.7 155.5 94.7
Nov. 2016 151 160.1 94.9
Dec. 2016 151.4 161.5 95.3
Jan. 2017 151 159.9 96.5
Feb. 2017 149.4 159.4 97.4
Mar. 2017 145.9 155.5 98.1
Apr. 2017 146.9 157.2 98.2
May. 2017 148.3 157.5 98.3
June. 2017 150.5 158.4 98.6
July. 2017 150.2 155.7 99.4

Monthly change: clear growth from June to July 2017

According to seasonally-adjusted figures, manufacturing output saw a clear growth of 1.9 per cent from June to July 2017. Food products together with the industry grouping rubber, plastic and mineral products contributed most to this increase. The overall growth was somewhat dampened by lower production within fabricated metal products as well as in the industry grouping furniture and manufacturing n.e.c.

Twelve-month change: growth in Norway and in the Euro area in June 2017

According to calendar-adjusted figures, Norwegian manufacturing saw a 1.1 per cent increase from June 2016 to June 2017. Basic chemicals had a solid growth in this period, while machinery and equipment contributed to dampen the overall manufacturing increase. Estimated figures from Eurostat, the EU’s statistical office, indicate that output in manufacturing in the Euro area increased by 2.4 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 103.10 104.00
June. 2012 102.10 103.10
July. 2012 102.90 103.30
Aug. 2012 103.80 105.10
Sep. 2012 101.80 104.60
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 101.40 107.20
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 103.00 107.40
Dec. 2013 102.80 108.40
Jan. 2014 103.10 109.10
Feb. 2014 103.50 109.00
Mar. 2014 103.00 109.10
Apr. 2014 104.10 109.30
May. 2014 102.90 109.90
June. 2014 102.60 112.10
July. 2014 103.70 112.20
Aug. 2014 101.80 113.70
Sep. 2014 103.10 110.10
Oct. 2014 103.20 113.40
Nov. 2014 103.20 112.10
Dec. 2014 104.40 112.80
Jan. 2015 103.90 109.50
Feb. 2015 105.20 110.00
Mar. 2015 105.80 113.00
Apr. 2015 105.40 109.00
May. 2015 105.70 106.70
June. 2015 105.80 107.80
July. 2015 106.20 105.30
Aug. 2015 105.40 105.70
Sep. 2015 105.80 106.30
Oct. 2015 106.50 104.00
Nov. 2015 105.90 105.10
Dec. 2015 106.00 104.00
Jan. 2016 108.40 102.80
Feb. 2016 107.00 103.50
Mar. 2016 105.80 104.90
Apr. 2016 107.50 102.80
May. 2016 106.10 103.00
June. 2016 107.10 100.80
July. 2016 106.30 104.60
Aug. 2016 108.10 98.10
Sep. 2016 107.30 100.40
Oct. 2016 107.20 100.70
Nov. 2016 108.90 100.70
Dec. 2016 108.00 101.90
Jan. 2017 107.80 102.10
Feb. 2017 108.30 102.10
Mar. 2017 109.20 101.40
Apr. 2017 109.20 103.00
May. 2017 110.60 102.70
June. 2017 109.60 102.10

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

According to seasonally-adjusted figures, the total production index (PII) covering extraction, mining, manufacturing and electricity supply, had a minor increase of 0.3 per cent from May to July 2017 compared to the previous three-month period. Extraction of crude petroleum fell by 0.7 per cent, while extraction of natural gas saw an increase of 2.3 per cent. For more details about oil and gas extraction for July 2017, see the press release from The Norwegian Petroleum Directorate.

Within support activities for petroleum and natural gas extraction, output had a solid increase equivalent to 3.8 per cent from May to July 2017 compared to the previous three-month period. Suppliers within this industry have long been negatively affected by a lower investment level in the Norwegian oil and gas industry. However, latest figures suggest improvements for the industry due to some major projects within the category field development.

In the same period, mining and quarrying saw a minor increase of 0.3 per cent, while production within Norwegian electricity supply went up by 2.1 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 120.7 83.7 71.5
Feb. 2014 121.3 84.3 71.8
Mar. 2014 121.6 85.2 72.3
Apr. 2014 121.7 85.3 72.2
May. 2014 122 84.1 70.2
June. 2014 123.1 84 69.4
July. 2014 123.9 83.8 69.1
Aug. 2014 125.3 85 70.6
Sep. 2014 124.5 85.8 72
Oct. 2014 125.3 87 73.3
Nov. 2014 124.6 87.5 74
Dec. 2014 125.6 87.3 73.4
Jan. 2015 124.2 86.1 72.4
Feb. 2015 123.5 86.1 72.7
Mar. 2015 123.6 86.3 72.9
Apr. 2015 123.4 85.3 71.6
May. 2015 122.2 84.8 71.2
June. 2015 120.3 85 72
July. 2015 118.5 86.4 74.5
Aug. 2015 118 87.5 76.1
Sep. 2015 117.4 88.1 77.1
Oct. 2015 117.3 87.9 76.9
Nov. 2015 117.1 86.9 75.6
Dec. 2015 116.3 85.2 73.7
Jan. 2016 115.9 85.3 73.8
Feb. 2016 115.3 85.6 74.1
Mar. 2016 115.7 85.8 73.9
Apr. 2016 115.7 85.9 74.1
May. 2016 115.6 86.1 74.4
June. 2016 114.1 85.2 73.8
July. 2016 114.2 85.3 73.9
Aug. 2016 112.3 83.9 72.8
Sep. 2016 112 82.3 70.7
Oct. 2016 111.1 82.2 70.8
Nov. 2016 112.1 83.4 72.1
Dec. 2016 112.6 85.5 74.8
Jan. 2017 113.2 85.8 74.4
Feb. 2017 113.7 86 73.6
Mar. 2017 113.6 86.8 74.2
Apr. 2017 114 86.9 74.1
May. 2017 114.3 86.9 73.9
June. 2017 114.6 87 73.8
July. 2017 115.1 86.8 73.2

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