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  • A tough year for the extraction industry

    2016 was another tough year for the industries within extraction of oil and natural gas and extraction related services. A continued price decline led to a significant fall in production value and the downsizing of the workforce.

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  • Prices of crude oil rose in November

    The producer price index went up by 3.2 per cent from October to November. This increase was due to a sharp rise in the price of crude oil as well as prices of electricity and basic metals.

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  • Clear decline in manufacturing output

    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 A...

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  • Positive development in manufacturing turnover

    Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased by 2.5 per cent from August to October 2017 compared to the previous three-month period. 2017. Moreover, a 1.8 per cent increase was recorded from Sept...

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  • Higher electricity prices for households

    The average price of electricity for households, excluding taxes and grid rent, was 33.3 øre per Kwh in the third quarter of 2017. This is an increase of 9 per cent compared to the third quarter in 2016.

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  • Record high investments in the power industry

    The investments in the power industry came to NOK 25.8 billion in 2016. This is 16 per cent more than in 2015 and the highest figure ever recorded.

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  • Decline in total investments for 2017

    The latest investment estimates from companies within oil and gas, manufacturing, mining and quarrying and electricity supply show a decline for 2017, while figures for 2018 indicate an increase. The decline for 2017 is due to lower investments in...

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  • Downward adjusted estimates in oil investments for 2017

    Total investments in oil and gas activity in 2017, including pipeline transportation, are NOK 150.8 billion, which is 3.1 per cent lower than estimated in the previous quarter. The estimate for 2018 has been adjusted upwards by 1.8 per cent to NOK...

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  • Increased sales

    Total sales of petroleum products in October amounted to 742 million liters, 28 million litres more than in October 2016.

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  • Prices on natural gas pulled up the PPI

    The producer price index (PPI) rose by 2.5 per cent from September to October. The main reason for this was higher prices on natural gas.

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  • Rise in manufacturing turnover in the 3rd quarter

    Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased by 1.4 per cent from the second to the third quarter of 2017. However, a 0.4 per cent decrease was recorded from August to September.

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  • Petroleum-related manufacturing still struggling

    Norwegian manufacturing output went down 0.7 per cent from the second quarter to the third quarter of 2017, according to seasonally-adjusted figures. Petroleum-related manufacturing contributed most to pull down the overall activity level, while f...

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  • Total stocks in industry reduces

    Compared with the third quarter of 2016, total stocks in the order-based industry fell by 9.9 per cent in the third quarter of 2017. New orders fell by 3.2 per cent in the same period.

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  • Positive signals from manufacturing

    Norwegian industrial managers report a small production increase in the third quarter of 2017, with the expectation of increased production and new orders in the fourth quarter. The general expectations for the fourth quarter of 2017 are also posi...

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  • Decrease sales continues

    Total sales of petroleum products in September amounted to 715 million liters, 40 million litres less than in September 2016.

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