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Energy and manufacturing
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Very low electricity prices in the second quarter
The average price of electricity for households, excluding taxes and grid rent, was 14.9 øre per kWh in the second quarter of 2020. This is 67 per cent lower compared to the second quarter of 2019 and a record low electricity price.
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Unchanged PPI from June to July
The total PPI was unchanged from June to July 2020. Price increases in refined petroleum products and crude oil evened out the downturn in other groups within energy goods and manufacturing industries.
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Marginal increase in manufacturing output in June
Norwegian manufacturing output saw a marginal increase of 0.4 per cent from May to June 2020, according to seasonally adjusted figures. The activity was in general still strongly affected by the effects of the Corona virus, although some industrie...
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Manufacturing turnover fell sharply in the second quarter
Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing decreased by 7.5 per cent from the first to the second quarter of 2020. On a monthly basis however, from May to June 2020, the manufacturing turnover increased by ...
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Downturn continues in manufacturing
Norwegian industrial managers report a further downturn in the total production volume in the second quarter of the year. Major uncertainty related to the coronary pandemic contributes to the general outlook for the third quarter of 2020 is charac...
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Continued downturn in PPI
The producer price index (PPI) fell in June for the sixth month in a row. The downturn came both outside and inside the energy goods.
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Reduced manufacturing turnover
Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing decreased by 4.5 per cent in the period March-May 2020, compared with the previous three-month period. On a monthly basis, from April to May 2020, the manufacturin...
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Decline in manufacturing output continues
Norwegian manufacturing output saw a decline of as much as 3 per cent from April to May 2020, according to seasonally adjusted figures. The activity in May was still heavily affected by the Corona-situation. In the period March-May 2020 there was ...
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Continued drop in PPI
Heavy price falls on natural gas and refined petroleum products lead to a decrease of 2.7 percent in the producer price index for May. This comes despite a solid increase in prices on crude oil this month.
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Manufacturing turnover fell sharply in April
Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing decreased by 10 per cent from March to April. Measures introduced in order to mitigate the spreading of the Corona-virus in Norway and a drop in prices for refined...
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Decline in manufacturing output in April
Norwegian manufacturing output saw a decline of 1.6 per cent from March to April 2020, according to seasonally adjusted figures. The activity was affected by the measures introduced in order to mitigate the spreading of the Corona-virus in Norway....
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2020 estimates for oil investments marginally reduced
Total investments in oil and gas activity in 2020, including pipeline transportation, are now expected to amount to NOK 180.3 billion. The estimates for 2020 are downward adjusted marginally with 3 per cent compared to the previous survey.
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Strong decline in total investments for 2021
Companies’ latest investment estimates for 2020 are expected to decrease within oil and gas, manufacturing, mining and quarrying and electricity supply. There is suggested a sharp decline in total investments for 2021.
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Significant drop in electricity prices
The average price of electricity for households, excluding taxes and grid rent, was 26.8 øre per kWh in the first quarter of 2020. Compared to the first quarter of 2019, which had a very high price, the electricity price was down 51 per cent.
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Energy prices continue to drop
Significant price reductions on most energy goods caused a further decrease in the Producer Price Index in April. Natural gas had a positive price development, but only due to a weak Norwegian krone.
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