201383
201383
Minor changes in manufacturing
statistikk
2015-07-07T10:00:00.000Z
Energy and manufacturing;National accounts and business cycles;Energy and manufacturing
en
pii, Index of industrial production, industrial production, volume indicator, intermediate goods, capital goods, consumer goods, energy goodsBusiness cycles , Electricity and other energy , Oil and gas , Manufacturing, mining and quarrying , National accounts and business cycles, Energy and manufacturing
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Index of industrial productionMay 2015

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Minor changes in manufacturing

Production in Norwegian manufacturing had minor changes, and decreased 0.1 per cent from March to May 2015 compared with the previous three-month period, according to seasonally-adjusted figures. However, on a month to month basis, from April to May 2015, the manufacturing output saw a clear decrease of 2.1 per cent.

Index of production. Changes in per cent and weights
Seasonally adjustedCalendar adjusted1Weights2
Monthly changeThree-month changeTwelve-month change
May 2015 / April 2015March 2015 - May 2015 / December 2014 - February 2015May 2015 / May 2014
1Adjusted for working-days and for public holidays in Norway.
2The weights are updated annually, and are valid for the entire year.
Extraction, mining, manufacturing and elec0.7-1.04.2100.0
Extraction and related services2.6-1.89.871.8
Mining and quarrying-16.4-0.6-12.20.6
 
Manufacturing-2.1-0.1-2.622.1
Food, beverage and tobacco-0.31.6-0.34.3
Refined petro., chemicals, pharmac.-0.92.4-0.82.0
Basic metals-3.2-5.8-11.90.9
Machinery and equipment-0.80.83.32.9
Ships, boats and oil platforms-4.5-5.5-16.42.3
 
Electricity, gas and steam0.62.3-3.35.5
Figure 1. Production development. Seasonally adjusted. Three-month moving average. 2005=100
Figure 2. Production development in manufacturing. Seasonally adjusted and smoothed seasonally adjusted figures. 2005=100
Figure 3. Selected industries in manufacturing. Seasonally adjusted. Three-month moving average. 2005=100
Figure 4. Selected industries in manufacturing. Seasonally adjusted, 3-month percentage change. March 2015-May 2015/December 2014-February 2015
Figure 5. Index of production for manufacturing. Euro area and Norway (2010=100). Seasonally adjusted
Figure 1. Production development. Seasonally adjusted. Three-month moving average. 2005=100Figure 2. Production development in manufacturing. Seasonally adjusted and smoothed seasonally adjusted figures. 2005=100Figure 3. Selected industries in manufacturing. Seasonally adjusted. Three-month moving average. 2005=100Figure 4. Selected industries in manufacturing. Seasonally adjusted, 3-month percentage change. March 2015-May 2015/December 2014-February 2015Figure 5. Index of production for manufacturing. Euro area and Norway (2010=100). Seasonally adjusted

The index level for Norwegian manufacturing from March to May 2015 amounted to 123.3 (2005= 100). The corresponding figure for the previous three-month period was 123.4.

Three-month change: decrease in oil and gas-related industries

Norwegian manufacturing output had minor changes, and declined 0.1 per cent from March to May 2015 compared with the previous three-month period, according to seasonally-adjusted figures. There was a production decrease in oil and gas-related industries such as ships, boats and oil platforms and fabricated metal products. The output in ships, boats and oil platforms was record high in August 2014, but is now at its lowest level since the first quarter of 2013. The decline in these industries can be linked to lower investment activity in the oil and gas sector. In addition, basic metals also saw an output decrease in this period.

On the other hand, there was a production increase in industries such as food and food products and basic chemicals. The increase in food and food products is related to higher demand abroad for fish and fish products. For basic chemicals, the growth is partially due to stops for maintenance work among large manufacturers in the previous period. Moreover, computer and electrical equipment also had a production growth in the same period.

Monthly change: clear decline from April to May 2015

Output in manufacturing decreased 2.1 per cent from April to May 2015, according to seasonally-adjusted figures. The largest contribution to the drop came from ships, boats and oil platforms. There was also a production decrease in industries such as wood and wood products, and in computer and electrical equipment. On the other hand, there was an output increase in rubber, plastic and mineral production in the same period.

Twelve-month change: stronger growth in the euro area than in Norway in April 2015

Production in Norwegian manufacturing had minor changes, and saw an increase of 0.1 per cent from April 2014 to April 2015, according to calendar-adjusted figures. Machinery and equipment together with computer and electrical equipment had an output increase in this period. Estimated figures from Eurostat, the EU`s statistical office, indicate that production in manufacturing in the euro area increased by 0.9 per cent in the same period.

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

The overall production index (PII) covering extraction, mining, manufacturing and electricity supply decreased by 1.0 per cent from March to May 2015 compared with the previous three-month period, according to seasonally-adjusted figures. Extraction of crude petroleum increased by 1.8 per cent, while extraction of natural gas declined by 5.9 per cent in this period. For more details about oil and gas extraction for May 2015, see the press release from The Norwegian Petroleum Directorate.

Production within Norwegian electricity supply went up by 2.3 per cent from March to May 2015 compared with the previous three-month period, according to seasonally-adjusted figures.