140165
statistikk
2014-04-07T10:00:00.000Z
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 , Manufacturing, mining and quarrying , Oil and gas , Electricity and other energy , National accounts and business cycles, Energy and manufacturing
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Index of industrial productionFebruary 2014

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Growth in manufacturing

Production in Norwegian manufacturing increased by 1.1 per cent from December 2013 to February 2014 compared with the previous three-month period, according to seasonally-adjusted figures. On a month to month basis, from January to February 2014, the output in manufacturing went up by 0.2 per cent.

Index of production. Changes in per cent and weights
Seasonally adjusted Calendar adjusted1 Weights2
Monthly change Three-month change Twelve-month change
February 2014 / January 2014 December 2013 - February 2014 / September 2013 - November 2013 February 2014 / February 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 0.7 1.8 5.2 100.0
Extraction and related services 1.4 0.9 6.2 71.9
Mining and quarrying 6.0 -1.6 -9.7 0.6
 
Manufacturing 0.2 1.1 2.1 22.7
Food, beverage and tobacco 0.9 -1.6 -1.0 4.1
Refined petro., chemicals, pharmac. -1.2 3.2 1.9 2.0
Basic metals -1.0 -1.1 0.8 1.1
Machinery and equipment 1.8 2.2 10.2 3.2
Ships, boats and oil plattforms 4.0 1.1 5.9 2.4
 
Electricity, gas and steam -5.0 1.7 -5.3 4.8
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 average1. 2005=100
Figure 4. Index of production for manufacturing. Euro area and Norway. Seasonally adjusted. 2010=100
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 average1. 2005=100Figure 4. Index of production for manufacturing. Euro area and Norway. Seasonally adjusted. 2010=100

Three-month change: increase in manufacturing

The growth in this period can particularly be related to an output increase in the refined petroleum, chemicals, and pharmaceutical industry, as well as for machinery and equipment. Production in these industries went up by 3.2 and 2.2 per cent respectively from December 2013 to February 2014 compared with the previous three-month period, according to seasonally-adjusted figures . The activity in machinery and equipment is on a record-high level, with an output increase equivalent to 111 per cent since 2005. Furthermore, computer and electrical equipment, together with repair, and installation of machinery also saw a production increase in the same period.

Food and food products, on the other hand, experienced a 1.0 per cent production downturn from December 2013 to February 2014 compared with the previous three-month period. This was related to somewhat lower production of fish and fish products as well as feed and feed products. In addition, rubber, plastic and mineral production also had a decline in production.

Monthly change: minor increase in manufacturing from January to February 2014

Ships, boats and oil platforms saw a strong production increase equivalent to 4.0 per cent from January to February 2014, according to seasonally-adjusted figures. This growth can be related to an increase in new orders, according to the index of orders in manufacturing . Moreover, production in machinery and equipment, and food and food products also went up by 1.8 and 1.5 per cent respectively in the same period. On the other hand, computer and electrical equipment together with the refined petroleum, chemicals, and pharmaceutical industry saw a decline in production in the same period.

Twelve-month change: stronger growth in the Euro area than in Norway in January 2014

Production in Norwegian manufacturing went up by 2.7 per cent from January 2013 to January 2014, according to calendar-adjusted figures . Estimated figures from Eurostat indicate that production in the manufacturing industries in the euro area increased by 3.5 per cent in this period.

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

The overall production index (PII) covering extraction, mining, manufacturing and electricity supply increased by 1.8 per cent from December 2013 to February 2014 compared with the previous three-month period, according to seasonally-adjusted figures. Extraction of crude petroleum went up by 5.1 per cent, while extraction of natural gas decreased by 2.5 per cent in this period. On a month to month basis, from January to February 2014, extraction of crude petroleum went down 0.2 per cent, while extraction of natural gas increased by 2.7 per cent. There was reduced activity for several fields due to maintenance work in February 2014, according to The Norwegian Petroleum Directorate .

Production within Norwegian electricity supply increased by 1.7 per cent from December 2013 to February 2014, compared with the previous three-month period, according to seasonally-adjusted figures.