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Energy and manufacturing
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Still high electricity price for households
The average price of electricity for households, excluding taxes and grid rent, was 55.2 øre per kWh in the first quarter of 2019. This is on the same high level as the two previous quarters.
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Rise in crude oil price
A price increase on crude oil made for an overall increase in the producer price index (PPI) in April. The increase was somewhat reduced by a fall in prices of natural gas and electricity.
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Minor output decline in manufacturing
Norwegian manufacturing output saw a minor decline of 0.4 per cent from the fourth quarter of 2018 to the first quarter of 2019, according to seasonally-adjusted figures. Petroleum-related manufacturing had a clear increase in this period, while o...
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Manufacturing turnover flattens out in the first quarter
Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing was almost unchanged in the first quarter of 2019, compared with the last quarter of 2018. On monthly basis, from February to March 2019, the manufacturing turnove...
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Positive signals from the supplier industry
Norwegian industrial managers report a production level increase as well as growth in employment in the first quarter of the year. The positive trend is expected to continue in the second quarter, and especially for suppliers to the oil gas industry.
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Lower gas prices
A fall in prices on natural gas and electricity outweighed a slight rise in the oil price in March. The producer price index fell by 2.1 per cent this month.
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Unchanged manufacturing turnover
After several periods with increased turnover in Norwegian manufacturing, seasonally-adjusted figures show that the total turnover in Norwegian manufacturing was almost unchanged in the period December 2018 to February 2019, compared with the prev...
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Increase in manufacturing output
Norwegian manufacturing output went up 0.8 per cent from December 2018-February 2019 compared to the previous three month period, according to seasonally adjusted figures. A solid growth among several industries contributed to the increase.
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PPI continued to rise
The Producer Price Index (PPI) rose by 0.4 per cent from January to February. Higher prices on crude oil and refined petroleum products contributed strongly to pull the PPI upwards. The price index of electricity went in the opposite direction.
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Growth in manufacturing output continues
Norwegian manufacturing output went up 1.3 per cent from November 2018-January 2019 compared to the previous three-month period, according to seasonally adjusted figures. The industry ships, boats and oil platforms contributed in particular to the...
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Machinery and equipment contribute to increase in manufacturing turnover
Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased by 0.8 per cent in the period November 2018 to January 2019. Machinery and equipment in particular contributed to this growth. A 2.4 per cent increase ...
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Record-high electricity price for households
The average price of electricity for households in 2018, excluding taxes and grid rent, was 48.6 øre per kWh. This is 41 per cent higher than in 2017 and the highest level ever measured.
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Oil investment estimate for 2019 adjusted downward
The estimated total investment in oil and gas activity in 2019, including pipeline transportation, is NOK 172.7 billion, which is 1.4 per cent lower than estimated in the previous quarter.
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Electricity supply contributed to investment growth in 2018
Final investments for 2018 covering oil and gas, manufacturing, mining and quarrying and electricity supply increased by 7.5 per cent compared with 2017. The growth is mainly due to high investments within electricity supply. The latest investment...
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Decrease in sales of 9 per cent in January 2019
Total sales of petroleum products in January amounted to 602 million liters.
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