Moderate increase in manufacturing
Production in Norwegian manufacturing went up by 0.9 per cent in the first quarter of 2013 compared with the last quarter of 2012, according to seasonally-adjusted figures. The (overall) index of industrial production (PII), however, decreased due to a fall in extraction of natural gas in this period.
|Seasonally adjusted||Calender adjusted1||Weights2|
|Monthly change||Three-month change||Twelve-month change|
|March 2013 / February 2013||January 2013 - March 2013 / October 2012 - December 2012||March 2013 / March 2012|
|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||1.0||-6.0||-8.6||100.0|
|Extraction and related services||1.2||-5.1||-10.3||73.5|
|Mining and quarrying||-4.7||-10.7||-9.1||0.6|
|Food, beverage and tobacco||0.0||-1.9||-6.6||3.8|
|Refined petro., chemicals, pharmac.||1.0||-0.8||11.2||2.0|
|Machinery and equipment||-1.9||2.4||10.3||2.8|
|Ships, boats and oil plattforms||2.9||5.1||20.7||2.1|
|Electricity, gas and steam||6.9||3.0||-3.2||5.9|
Extraction of natural gas went down by 10.8 per cent, while there was no change in extraction of crude oil in the first quarter of 2013 compared with the last quarter of 2012, according to seasonally-adjusted figures. The downturn in extraction of natural gas is related to technical difficulties in several fields on the Norwegian continental shelf. For further details, refer to the press release from The Norwegian Petroleum Directorate.
Record-high production for ships, boats and oil platforms in the first quarter of 2013
Seasonally-adjusted figures for the first quarter of 2013 show a further increase in output for industries such as machinery and equipment, ships, boats and oil platforms and repair and installation of machinery. A continued high workload has resulted in record-high output levels for ships, boats and oil platforms in the first quarter of 2013. Since 2005, industries like machinery and equipment and ships, boats and oil platforms have experienced a production growth of 90 and 97 per cent respectively. On the other hand, industries like non-ferrous metals experienced a continued downturn in production in the first quarter of 2013. Compared with figures from 2005, basic metals have had a production drop equivalent to over 21 per cent. The differences between industries linked to the Norwegian oil and gas industries and more traditional Norwegian export industries have thereby continued to increase also in this period. In addition there has also been a decrease in production of food and food products in the first quarter of 2013 compared to the last quarter of 2012. This can be related to lower production of fish and fish products, and low production of feed.
Solid increase in manufacturing from March 2012 to March 2013
The output in manufacturing saw a growth of 3.2 per cent from March 2012 to March 2013, according to calendar-adjusted figures. Industries like ships, boats and oil platforms, together with repair and installation of machinery had a strong production growth, while wood and wood products and basic metals had a clear drop in production.
Moderate decrease in manufacturing from February 2013 to March 2013
The production in Norwegian manufacturing went down by 0.7 per cent from February 2013 to March 2013, according to seasonally-adjusted figures. There has been a production increase in industries such as ships, boats and oil platforms, and repair and installation of machinery. On the other hand, wood and wood products together with basic metals saw a decline in production.
Norway and the euro area
There was a 4.1 per cent increase in Norwegian manufacturing output from February 2012 to February 2013, according to calendar-adjusted figures. Industrial production in the euro area decreased by 2.4 per cent in the same period, according to figures published by Eurostat.
Decrease in production within electricity supply from March 2012 to March 2013
The production within Norwegian electricity supply decreased by 3.2 per cent from March 2012 to March 2013, according to unadjusted figures.
In order to facilitate the interpretation of the short-term development, the index of production publishes three-month moving averages of the seasonally-adjusted figures. We normally compare the latest non-overlapping three-month periods, for instance January to March 2013 compared with October to December 2012. Seasonally-adjusted monthly changes must be interpreted with caution.