140234
statistikk
2014-12-05T10:00:00.000Z
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 , Manufacturing, mining and quarrying , Electricity and other energy , Oil and gas , National accounts and business cycles, Energy and manufacturing
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Index of industrial productionOctober 2014

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Increase in manufacturing

Production in Norwegian manufacturing increased by 0.7 per cent from August to October 2014 compared with the previous three-month period, according to seasonally-adjusted figures. The output in manufacturing went up 1.6 per cent from September to October 2014.

Index of production. Changes in per cent and weights
Seasonally adjusted Calendar adjusted1 Weights2
Monthly change Three-month change Twelve-month change
October 2014 / September 2014 August 2014 - October 2014 / May 2014 - July 2014 October 2014 / October 2013
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 elec 1.4 4.4 10.7 100.0
Extraction and related services 1.6 7.5 11.7 71.9
Mining and quarrying -2.5 3.2 8.8 0.6
 
Manufacturing 1.6 0.7 4.6 22.7
Food, beverage and tobacco 0.3 -0.6 2.5 4.1
Refined petro., chemicals, pharmac. 6.9 -6.8 -4.8 2.0
Basic metals -1.7 1.0 0.9 1.1
Machinery and equipment 0.7 2.5 10.7 3.2
Ships, boats and oil plattforms 4.7 1.9 10.6 2.4
 
Electricity, gas and steam -0.7 -8.1 9.0 4.8
Figure 1. Production development. Seasonally adjusted. Three-month moving average1. 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 average1. 2005=100
Figure 4. Selected industries in manufacturing. Seasonally adjusted, 3-month percentage change. August 2014 - October 2014 / May 2014 - July 2014
Figure 5. Index of production for manufacturing. Euro area and Norway (2010=100). Seasonally adjusted
Figure 1. Production development. Seasonally adjusted. Three-month moving average1. 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 average1. 2005=100Figure 4. Selected industries in manufacturing. Seasonally adjusted, 3-month percentage change. August 2014 - October 2014 / May 2014 - July 2014Figure 5. Index of production for manufacturing. Euro area and Norway (2010=100). Seasonally adjusted

The index level for Norwegian manufacturing was 124.9 (2005= 100) in the period August to October 2014, compared to 124 in the previous three-month period.

Three-month change: high manufacturing output from August to October 2014

There was a 0.7 per cent increase in manufacturing from August to October 2014, according to seasonally-adjusted figures. The reason for the growth can be attributed to the high level of activity among suppliers to the petroleum sector industries. Industries such as machinery and equipment and building of ships, boats and oil platforms had an increase in production in this period. Moreover, these industries have shown an increase of 126 and 123 per cent respectively since 2005. Within ships, boats and oil platforms, the high activity levels are related to high output growth among leading producers. For machinery and equipment, the production was at a record level from August to October 2014. In addition, fabricated metal products experienced also a strong output growth in this last period.

Shutdowns for planned maintenance work in September 2014 among the main producers in refined petroleum, basic chemicals and the pharmaceutical industry led to a decline in production. Meanwhile, a lower level of production in rubber, plastic and mineral products led to a decline in this industry.

Monthly change: notable increase in production from September to October 2014

Refined petroleum, basic chemicals and the pharmaceutical industry together with ships, boats and oil platforms faced a solid output increase from September to October 2014, according to seasonally-adjusted figures. The increase in refined petroleum, basic chemicals and the pharmaceutical industry is particularly due to a restart-up in October after shutdowns for planned maintenance work among the main producers in September. Within the building of ships, boats and oil platforms, the growth in October is particularly linked to higher activity among producers of supply vessels for the offshore industry.

On the other hand, food products and basic metals had a minor decrease in production in this period.

Twelve-month change: stronger growth in Norway than in the euro area in September 2014

Production in Norwegian manufacturing went up by 2.1 per cent from September 2013 to September 2014, according to calendar-adjusted figures. The growth can particularly be related to an output increase in industries such as machinery and equipment and repair and installation of machinery. Estimated figures from Eurostat, the EU`s statistical office, indicate that production in the manufacturing industries in the euro area went up by 1.2 per cent in this period.

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

The overall production index (PII) covering extraction, mining, manufacturing and electricity supply increased by 4.4 per cent from August to October 2014 compared with the previous three-month period, according to seasonally-adjusted figures. In this period, extraction of crude petroleum increased by 8.2 per cent, while extraction of natural gas went up by 8.2 per cent. On a month to month basis, from September to October 2014, extraction of crude petroleum went down by 3.7 per cent and extraction of natural gas increased 4.7 per cent respectively, according to seasonally-adjusted figures. For more details about oil and gas extraction for October 2014, see the press release from The Norwegian Petroleum Directorate.

Production within Norwegian electricity supply decreased by 8.1 per cent from August to October 2014, compared with the previous three-month period, according to seasonally-adjusted figures.