Decline in manufacturing output
Production in Norwegian manufacturing decreased by 0.5 per cent from November 2014 to January 2015 compared with the previous three-month period, according to seasonally-adjusted figures. On a month to month basis, from December 2014 to January 2015, the output in manufacturing declined by 3.7 per cent.
|Seasonally adjusted||Calendar adjusted1||Weights2|
|Monthly change||Three-month change||Twelve-month change|
|January 2015 / December 2014||November 2014 - January 2015 / August 2014 - October 2014||January 2015 / January 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 elec||-3.0||-1.4||-0.4||100.0|
|Extraction and related services||-2.6||-2.2||-1.0||71.8|
|Mining and quarrying||-0.9||-2.1||11.4||0.6|
|Food, beverage and tobacco||-1.4||-0.9||0.7||4.3|
|Refined petro., chemicals, pharmac.||6.7||2.4||-1.0||2.0|
|Machinery and equipment||-7.1||0.9||3.9||2.9|
|Ships, boats and oil plattforms||-5.5||-4.7||-1.0||2.3|
|Electricity, gas and steam||-2.1||3.4||0.5||5.5|
The index level for Norwegian manufacturing for the period November 2014 to January 2015 amounted to 124.1 (2005= 100). The corresponding figure for the previous three-month period was 124.7.
Three-month change: decrease in ships, boats and oil platforms
There was a 0.5 per cent decrease in manufacturing from November 2014 to January 2015 compared with the previous three-month period, according to seasonally-adjusted figures. The industry grouping food, beverages and tobacco together with ships, boats and oil platforms had a production decline in this period. The downturn in ships, boats and oil platforms took place particularly in January 2015, following a high level of production in the second half of 2014. In addition, basic chemicals and non-ferrous metals also saw an output decline from November 2014 to January 2015.
On the other hand, the industry grouping refined petroleum, basic chemicals and the pharmaceutical industry had a production increase in this period. Computer and electrical equipment and repair and installation of machinery also saw an increase in production from November 2014 to January 2015. The growth in repair and installation of machinery in this period must be seen in connection with a large workload in November and December 2014 for some of the largest manufacturers.
Monthly change: fall in machinery and equipment
Production in manufacturing decreased by 3.7 per cent from December 2014 to January 2015, according to seasonally-adjusted figures. The fall is mainly due to lower activity by suppliers to the oil and gas sector. In particular, there was a production decrease in machinery and equipment as well as in ships, boats and oil platforms in this period. Also, non-ferrous metals experienced a decline in production, partly due to lower demand.
At the same time there was an increase in production in refined petroleum, basic chemicals and the pharmaceutical industry.
Twelve-month change: stronger growth in Norway than in the euro area in December 2014
Production in Norwegian manufacturing went up by 4.4 per cent from December 2013 to December 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 increased by 0.2 per cent in the same period.
Three-month change: decline in total industrial production (PII)
The overall production index (PII) covering extraction, mining, manufacturing and electricity supply decreased by 1.4 per cent from November 2014 to January 2015 compared with the previous three-month period, according to seasonally-adjusted figures. In this period, extraction of crude petroleum decreased 4.4 per cent, while extraction of natural gas increased by 0.3 per cent. For more details about oil and gas extraction for January 2015, see the press release from The Norwegian Petroleum Directorate.
Production within Norwegian electricity supply increased 3.4 per cent from November 2014 to January 2015 compared with the previous three-month period, according to seasonally-adjusted figures.
Numbers of hours worked by officials was earlier estimated based on the reported numbers of employed officials. As from January 2015, numbers of hours worked by officials are measured more in detail, based on actual hours worked. This change somewhat increases the uncertainty related to the industries measured by hours worked from December 2014 to January 2015. Please see “About the statistics” for more information about the scope of industries measured by hours worked.