Growth in manufacturing output

Published:

Norwegian manufacturing output went up 1.1 per cent from the third quarter to the fourth quarter of 2017, according to seasonally-adjusted figures. An increase in both petroleum-related manufacturing and other industries contributed to the growth.

The index level for Norwegian manufacturing in the fourth quarter of 2017 amounted to 115.3 (2005=100). The corresponding figure for the previous quarter was 114.0. Smoothed seasonally-adjusted figures indicate an increasing trend over the last three months (see figure 1).

Figure 1. Production development in manufacturing. Seasonally adjusted and smoothed seasonally adjusted figures. 2005=100

Smoothed seasonally adjusted Seasonally adjusted
Jan. 2012 113.89 114.6
Feb. 2012 113.98 113.9
Mar. 2012 114.09 113.51
Apr. 2012 114.34 113.74
May. 2012 114.74 115.89
June. 2012 115.25 114.82
July. 2012 115.77 115.09
Aug. 2012 116.19 117.09
Sep. 2012 116.48 116.56
Oct. 2012 116.69 116.75
Nov. 2012 116.96 117.06
Dec. 2012 117.3 116.29
Jan. 2013 117.83 118.08
Feb. 2013 118.43 118.83
Mar. 2013 119.15 117.1
Apr. 2013 119.85 120.49
May. 2013 120.42 119.44
June. 2013 120.75 121.23
July. 2013 120.82 121.83
Aug. 2013 120.69 120.44
Sep. 2013 120.5 120.28
Oct. 2013 120.36 120.19
Nov. 2013 120.39 119.65
Dec. 2013 120.56 120.76
Jan. 2014 120.83 121.67
Feb. 2014 121.21 121.4
Mar. 2014 121.72 121.42
Apr. 2014 122.32 121.73
May. 2014 123.04 122.34
June. 2014 123.82 124.89
July. 2014 124.59 124.79
Aug. 2014 125.21 127.52
Sep. 2014 125.5 122.91
Oct. 2014 125.43 126.4
Nov. 2014 125.07 124.79
Dec. 2014 124.45 125.37
Jan. 2015 123.66 122.06
Feb. 2015 122.71 122.45
Mar. 2015 121.68 125.79
Apr. 2015 120.75 121.36
May. 2015 119.96 118.83
June. 2015 119.28 120.07
July. 2015 118.72 116.82
Aug. 2015 118.17 118.82
Sep. 2015 117.58 118.78
Oct. 2015 116.95 115.92
Nov. 2015 116.31 116.96
Dec. 2015 115.8 115.41
Jan. 2016 115.46 114.53
Feb. 2016 115.23 115.1
Mar. 2016 115 116.73
Apr. 2016 114.59 114.42
May. 2016 113.98 114.69
June. 2016 113.28 112.37
July. 2016 112.6 115.79
Aug. 2016 112.15 110.64
Sep. 2016 112.04 112.32
Oct. 2016 112.2 112.23
Nov. 2016 112.48 112.19
Dec. 2016 112.83 112.88
Jan. 2017 113.17 113.8
Feb. 2017 113.48 113.56
Mar. 2017 113.75 112.68
Apr. 2017 113.97 114.61
May. 2017 114.1 114.44
June. 2017 114.14 113.84
July. 2017 114.16 117.14
Aug. 2017 114.23 111.33
Sep. 2017 114.41 113.7
Oct. 2017 114.72 114.57
Nov. 2017 115.12 114.88
Dec. 2017 115.45 116.38

Three-month change: broad increase in manufacturing output in fourth quarter of 2017

According to seasonally-adjusted figures, manufacturing output saw an increase of 1.1 per cent in the fourth quarter of 2017 compared to the previous quarter. The overall growth in manufacturing is related to an increase in both petroleum-related manufacturing and in other parts of Norwegian manufacturing. Ships, boats and oil platforms contributed most to the overall increase, and went up 4 per cent. This increase is particularly related to growth within building of ships.

Figure 2. Selected industries in manufacturing. Seasonally adjusted, 3-month percentage change. October 2017-December 2017/July 2017-September 2017

3-month percentage change
Ships, boats and oil platforms 4.0
Computer and electrical equipment 3.3
Fabricated metal products 2.8
Machinery and equipment 2.3
Refined petro., chemicals, pharmac. 1.5

1 The index value for period m is the average of period m, m-1 and m-2.

Figure 3. Indicator for petroleum-related industries. Seasonally adjusted. Three-month moving average¹. 2005=100

Petroleum-related manufacturing and support activities Petroleum-related manufacturing Manufacturing ex. petroleum-related industries
Jan. 2007 124.1 105.3
Feb. 2007 124.7 105.8
Mar. 2007 124.9 105.7
Apr. 2007 126.5 105.5
May. 2007 130 106.7
June. 2007 132.5 106.2
July. 2007 132.9 106.5
Aug. 2007 132.8 105.3
Sep. 2007 133 105.5
Oct. 2007 134.6 105.2
Nov. 2007 135.7 104.9
Dec. 2007 137.7 104.7
Jan. 2008 139.9 104.8
Feb. 2008 142.1 105.6
Mar. 2008 141.8 105.1
Apr. 2008 144.5 106.1
May. 2008 148.4 105.9
June. 2008 152.9 106.2
July. 2008 156.2 104.1
Aug. 2008 156.3 103.4
Sep. 2008 156.7 102.1
Oct. 2008 155.8 101.3
Nov. 2008 155.7 99.8
Dec. 2008 156.1 98.5
Jan. 2009 156.2 96.7
Feb. 2009 157 94.9
Mar. 2009 157.5 93.3
Apr. 2009 157.1 92.1
May. 2009 156.6 91
June. 2009 154.8 90.3
July. 2009 153.5 90.2
Aug. 2009 152.8 90.7
Sep. 2009 153.5 92
Oct. 2009 153.8 92.9
Nov. 2009 153.2 93.8
Dec. 2009 151.7 94.3
Jan. 2010 143.9 151 94.7
Feb. 2010 143.2 150.6 95.3
Mar. 2010 144.9 151.4 95.9
Apr. 2010 145.8 151.9 96.5
May. 2010 143.4 151.6 96
June. 2010 143.1 152.3 96.7
July. 2010 142.3 152.3 98.2
Aug. 2010 142.2 152 98.6
Sep. 2010 143 151.4 98.5
Oct. 2010 144.8 151.2 97.7
Nov. 2010 148.2 152.6 99
Dec. 2010 151 152.7 99
Jan. 2011 149.9 153 99
Feb. 2011 149.5 153.1 98.8
Mar. 2011 147.3 153.3 99.6
Apr. 2011 148.9 151.8 99.6
May. 2011 150.6 152.7 99.4
June. 2011 152.3 151.9 97.8
July. 2011 154.2 153 95.7
Aug. 2011 155.9 154.5 94.2
Sep. 2011 159.1 158.7 94.5
Oct. 2011 161.2 163.3 95.6
Nov. 2011 162.8 164.7 96.3
Dec. 2011 164.7 166.6 95.3
Jan. 2012 167.1 167.9 95.3
Feb. 2012 169.5 168.4 95.2
Mar. 2012 167.6 168 95.5
Apr. 2012 164.7 166.2 95.6
May. 2012 164.7 167.9 95.9
June. 2012 168.2 169.3 95.9
July. 2012 170.5 172.3 95.6
Aug. 2012 172.8 174.4 95.4
Sep. 2012 173.5 177 95.4
Oct. 2012 177.6 179.7 95
Nov. 2012 178.1 180.9 94.6
Dec. 2012 179.1 181.6 94.4
Jan. 2013 180.3 183.2 94.5
Feb. 2013 182.5 186.1 94.2
Mar. 2013 186.7 188.2 93.8
Apr. 2013 187.8 191.5 93.4
May. 2013 189.3 193.5 93
June. 2013 190.8 197.6 93.4
July. 2013 193.8 198.7 93.9
Aug. 2013 194.1 198.2 94.6
Sep. 2013 193.8 196.9 94.6
Oct. 2013 191.5 195 94.6
Nov. 2013 193 195.2 94.1
Dec. 2013 194 195.2 94.2
Jan. 2014 196.2 196.7 94.2
Feb. 2014 196.6 198.5 94.3
Mar. 2014 196 200.6 93.9
Apr. 2014 196 200.7 94
May. 2014 197.6 201.2 94.4
June. 2014 200.2 203.2 95.2
July. 2014 199.3 207.5 95
Aug. 2014 201.5 213 95.1
Sep. 2014 201.2 213.2 94.3
Oct. 2014 206.3 213.9 94.6
Nov. 2014 204.3 212.5 94.2
Dec. 2014 203.5 214.6 94.6
Jan. 2015 199.5 212.6 93.5
Feb. 2015 196.7 209.7 93.4
Mar. 2015 195.2 208.5 94
Apr. 2015 194.2 205.9 94.5
May. 2015 189.4 202.5 94.1
June. 2015 185 195.7 93.8
July. 2015 180.8 191.9 92.8
Aug. 2015 179.3 189.3 93.2
Sep. 2015 177.6 187.6 93.2
Oct. 2015 173.8 184.9 94.1
Nov. 2015 171.9 182.3 94.5
Dec. 2015 168 177.8 94.2
Jan. 2016 164.9 176.3 94.1
Feb. 2016 164.3 174.2 94.1
Mar. 2016 164.9 175.6 94.4
Apr. 2016 164.3 174.2 94.7
May. 2016 161.3 172.5 95
June. 2016 157.6 167.7 94.7
July. 2016 157.8 166.9 95
Aug. 2016 153.2 160.1 95
Sep. 2016 151.8 158.7 95.4
Oct. 2016 149.2 156.1 95.2
Nov. 2016 151.2 159.5 95.3
Dec. 2016 151.4 160.4 95.4
Jan. 2017 150.7 158.8 96.5
Feb. 2017 149.2 158.4 97.3
Mar. 2017 146 155.3 98
Apr. 2017 147.4 157.2 97.9
May. 2017 148.6 157.8 98
June. 2017 150.7 159 98.2
July. 2017 149.9 156.5 99.1
Aug. 2017 146.9 153.6 98.2
Sep. 2017 146.9 153.9 98.2
Oct. 2017 145.7 154.8 97.6
Nov. 2017 149.3 158 98.7
Dec. 2017 150.4 158.7 99.7

Annual change: small increase in manufacturing output in 2017

From 2016 to 2017, the annual change in manufacturing production was up 0.4 per cent, according to calendar-adjusted figures. Statistics Norway will publish a separate article on Wednesday 28 February about annual changes in manufacturing production for 2017.

Monthly change: increase in manufacturing from November to December

According to seasonally-adjusted figures, manufacturing output increased by 1.3 per cent from November to December 2017. Food products, together with wood and wood products as well as repair and installation of machinery contributed most to the increase. Within food products, the increase was related to growth in processing and preserving of fish.

Twelve-month change: output growth in the Euro area and in Norway in November 2017

According to calendar-adjusted figures, Norwegian manufacturing output saw a clear increase of 2.3 per cent from November 2016 to November 2017. Computer and electrical equipment and the industry grouping refined petroleum, chemicals and pharmaceuticals contributed the most to the growth. Estimated figures from Eurostat, the EU’s statistical office, indicate that output in manufacturing in the Euro area increased strongly by 4.2 per cent in the same period.

Figure 4. Index of production for manufacturing. Euro area and Norway (2010=100). Seasonally adjusted

Euro area Norway
Jan. 2012 103.00 102.90
Feb. 2012 102.30 102.20
Mar. 2012 103.80 101.90
Apr. 2012 101.80 102.10
May. 2012 103.10 104.00
June. 2012 102.10 103.10
July. 2012 102.80 103.30
Aug. 2012 103.70 105.10
Sep. 2012 101.80 104.60
Oct. 2012 100.90 104.80
Nov. 2012 100.00 105.10
Dec. 2012 100.60 104.40
Jan. 2013 100.10 106.00
Feb. 2013 100.00 106.70
Mar. 2013 100.60 105.10
Apr. 2013 101.20 108.20
May. 2013 101.40 107.20
June. 2013 101.90 108.80
July. 2013 101.10 109.40
Aug. 2013 101.90 108.10
Sep. 2013 102.10 108.00
Oct. 2013 101.60 107.90
Nov. 2013 102.90 107.40
Dec. 2013 102.80 108.40
Jan. 2014 103.10 109.30
Feb. 2014 103.50 109.00
Mar. 2014 103.00 109.00
Apr. 2014 104.00 109.30
May. 2014 102.90 109.90
June. 2014 102.60 112.10
July. 2014 103.80 112.10
Aug. 2014 101.70 113.70
Sep. 2014 103.10 110.30
Oct. 2014 103.20 113.40
Nov. 2014 103.20 112.00
Dec. 2014 104.30 112.80
Jan. 2015 103.80 109.70
Feb. 2015 105.20 110.00
Mar. 2015 105.80 112.90
Apr. 2015 105.40 109.00
May. 2015 105.70 106.70
June. 2015 105.80 107.80
July. 2015 106.30 105.00
Aug. 2015 105.30 105.70
Sep. 2015 105.90 106.60
Oct. 2015 106.50 104.00
Nov. 2015 105.90 104.90
Dec. 2015 106.00 104.00
Jan. 2016 108.50 103.00
Feb. 2016 107.10 103.40
Mar. 2016 105.80 104.80
Apr. 2016 107.50 102.80
May. 2016 106.20 103.00
June. 2016 107.10 100.90
July. 2016 106.40 104.00
Aug. 2016 108.00 98.40
Sep. 2016 107.50 100.80
Oct. 2016 107.10 100.60
Nov. 2016 109.00 100.60
Dec. 2016 108.10 101.80
Jan. 2017 107.80 102.30
Feb. 2017 108.40 102.10
Mar. 2017 109.30 101.20
Apr. 2017 109.20 103.00
May. 2017 110.70 102.80
June. 2017 109.90 102.20
July. 2017 110.40 105.20
Aug. 2017 112.30 99.00
Sep. 2017 111.70 102.00
Oct. 2017 112.00 102.70
Nov. 2017 113.40 102.90
Dec. 2017

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

According to seasonally-adjusted figures, the total production index (PII) covering extraction, mining, manufacturing and electricity supply saw a decline of 2.5 per cent in the fourth quarter of 2017 compared with the previous quarter. The downturn is particularly related to a strong decline of 10.5 per cent within extraction of natural gas. Extraction of crude petroleum also saw a decline, and was down 5.8 per cent. For more details about oil and gas extraction for December 2017, see the press release from The Norwegian Petroleum Directorate.

Within support activities for petroleum and natural gas extraction, output saw a decrease of 1.4 per cent in the fourth quarter compared with the previous one.

In the same period, mining and quarrying went down 4.2 per cent, while production within Norwegian electricity supply remained more or less unchanged.  

1 The index value for period m is the average of period m, m-1 and m-2.

Figure 5. Production development. Seasonally adjusted. Three-month moving average¹. 2005=100

Manufacturing Extraction, mining, manufacturing and elec. Extraction and related services
Jan. 2007 110.3 96.9 92.6
Feb. 2007 110.8 97.3 92.9
Mar. 2007 110.6 96.3 91.6
Apr. 2007 111 97.8 93.3
May. 2007 112.9 97.6 92.2
June. 2007 113.2 96.5 90.1
July. 2007 113.6 95.4 88
Aug. 2007 112.6 96 88.9
Sep. 2007 112.8 98.2 91.7
Oct. 2007 112.9 98.3 91.9
Nov. 2007 113 97.9 91.7
Dec. 2007 113.5 96.5 90.2
Jan. 2008 114.1 95.9 89.4
Feb. 2008 115.3 95.5 88.4
Mar. 2008 114.6 96.1 89.3
Apr. 2008 116.1 96.7 89.2
May. 2008 117.1 97.9 90.4
June. 2008 118.7 98.5 90.4
July. 2008 117.6 98.8 91.4
Aug. 2008 117 96.8 88.9
Sep. 2008 116.2 95.8 88.2
Oct. 2008 115.6 95.4 88
Nov. 2008 114.4 97 90.6
Dec. 2008 113.5 97.7 91.8
Jan. 2009 112.1 96.9 91.1
Feb. 2009 110.9 97.3 92.1
Mar. 2009 109.8 96.5 91.3
Apr. 2009 108.9 96 90.9
May. 2009 107.6 93.4 87.7
June. 2009 106.7 92.2 86.6
July. 2009 106.1 91.5 86.1
Aug. 2009 106.6 92.2 86.9
Sep. 2009 107.7 93.2 87.6
Oct. 2009 108.5 93.3 87
Nov. 2009 109.2 93.4 86.8
Dec. 2009 109.3 92.5 85.4
Jan. 2010 109.4 92.3 85.1
Feb. 2010 109.7 92 84.7
Mar. 2010 110.1 91.6 84.4
Apr. 2010 110.8 90.9 83.8
May. 2010 110.3 90.3 83.6
June. 2010 111.1 89.3 82.2
July. 2010 111.8 88.1 80.4
Aug. 2010 112 84.9 75.7
Sep. 2010 111.7 83.6 73.7
Oct. 2010 111.4 84.8 75.3
Nov. 2010 112.6 87.4 77.9
Dec. 2010 112.6 89.1 80
Jan. 2011 112.7 87.7 78.4
Feb. 2011 112.6 87 77.9
Mar. 2011 113.1 85.8 76.5
Apr. 2011 112.9 84.7 74.9
May. 2011 113 82.3 71.1
June. 2011 111.7 81.7 70
July. 2011 110.2 81.9 69.7
Aug. 2011 109.6 84.3 72.6
Sep. 2011 110.9 85.6 74.2
Oct. 2011 112.9 86.1 74.5
Nov. 2011 113.8 86.4 74.7
Dec. 2011 113.5 85.3 73.6
Jan. 2012 113.9 86.6 74.8
Feb. 2012 113.9 87.3 75.1
Mar. 2012 114 88.4 75.8
Apr. 2012 113.7 88.4 75.5
May. 2012 114.4 88.5 75.5
June. 2012 114.8 88.9 76
July. 2012 115.3 88 75.1
Aug. 2012 115.7 87.3 74
Sep. 2012 116.3 85 70.4
Oct. 2012 116.8 85.2 70.4
Nov. 2012 116.8 84.3 69.3
Dec. 2012 116.7 85.3 70.9
Jan. 2013 117.2 83.8 70.1
Feb. 2013 117.7 82.4 69.3
Mar. 2013 118 80.7 68.4
Apr. 2013 118.8 81.1 68.9
May. 2013 119 82.8 71.1
June. 2013 120.4 84 72.4
July. 2013 120.8 85.1 73.6
Aug. 2013 121.1 84.5 72.8
Sep. 2013 120.8 83.9 72.1
Oct. 2013 120.3 81.6 69.4
Nov. 2013 120.1 81.5 69.3
Dec. 2013 120.2 82 69.9
Jan. 2014 120.7 83.7 71.5
Feb. 2014 121.3 84.3 71.8
Mar. 2014 121.5 85.2 72.3
Apr. 2014 121.5 85.3 72.3
May. 2014 121.8 84.1 70.2
June. 2014 123 84 69.5
July. 2014 124 83.8 69.1
Aug. 2014 125.7 85 70.5
Sep. 2014 125.1 85.5 71.4
Oct. 2014 125.6 86.8 73
Nov. 2014 124.7 87.4 73.9
Dec. 2014 125.5 87.5 73.8
Jan. 2015 124.1 86.2 72.5
Feb. 2015 123.3 86.1 72.8
Mar. 2015 123.5 86.2 72.9
Apr. 2015 123.2 85.3 71.6
May. 2015 122 84.8 71.3
June. 2015 120.1 85.1 72.2
July. 2015 118.6 86.5 74.6
Aug. 2015 118.6 87.5 75.9
Sep. 2015 118.1 87.7 76.3
Oct. 2015 117.8 87.7 76.5
Nov. 2015 117.2 86.9 75.5
Dec. 2015 116.1 85.6 74.3
Jan. 2016 115.6 85.5 74
Feb. 2016 115 85.6 74.1
Mar. 2016 115.4 85.8 73.9
Apr. 2016 115.4 85.9 74.1
May. 2016 115.3 86.2 74.6
June. 2016 113.8 85.2 74
July. 2016 114.3 85.3 74
Aug. 2016 112.9 83.9 72.5
Sep. 2016 112.9 81.9 69.7
Oct. 2016 111.7 82 70.4
Nov. 2016 112.2 83.5 72.3
Dec. 2016 112.4 85.9 75.6
Jan. 2017 113 86 74.7
Feb. 2017 113.4 86 73.7
Mar. 2017 113.4 86.8 74.2
Apr. 2017 113.6 86.8 74.1
May. 2017 113.9 86.8 74
June. 2017 114.3 87 74
July. 2017 115.1 87.3 74
Aug. 2017 114.1 87.7 74.8
Sep. 2017 114 87.4 74.3
Oct. 2017 113.2 86.4 73.2
Nov. 2017 114.4 85.6 71.5
Dec. 2017 115.3 85.2 70.7

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