Increase in manufacturing output

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Norwegian manufacturing output went up 0.8 per cent from December 2018-February 2019 compared to the previous three month period, according to seasonally adjusted figures. A solid growth among several industries contributed to the increase.

Written by: Marte Claussen

The index level for Norwegian manufacturing amounted to 118.2 (2005=100) in the period December 2018-February 2019. The corresponding figure for the previous three-month period was 117.3. The long term trend shows growth since early 2018 (see figure 1).

 

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

Smoothed seasonally adjusted Seasonally adjusted
Jan. 2014 121.0 121.8
Feb. 2014 121.4 121.5
Mar. 2014 121.9 121.9
Apr. 2014 122.5 121.9
May. 2014 123.1 122.5
June. 2014 123.9 124.9
July. 2014 124.6 123.8
Aug. 2014 125.2 126.9
Sep. 2014 125.5 122.9
Oct. 2014 125.5 126.3
Nov. 2014 125.1 124.8
Dec. 2014 124.5 125.4
Jan. 2015 123.7 122.4
Feb. 2015 122.8 122.7
Mar. 2015 121.9 126.5
Apr. 2015 121.0 121.4
May. 2015 120.2 119.0
June. 2015 119.5 120.3
July. 2015 118.8 115.4
Aug. 2015 118.2 118.0
Sep. 2015 117.5 119.0
Oct. 2015 116.9 115.9
Nov. 2015 116.3 116.8
Dec. 2015 115.8 115.3
Jan. 2016 115.5 115.0
Feb. 2016 115.2 115.4
Mar. 2016 115.0 117.6
Apr. 2016 114.7 114.4
May. 2016 114.3 114.9
June. 2016 113.8 112.7
July. 2016 113.2 114.0
Aug. 2016 112.7 109.8
Sep. 2016 112.4 112.5
Oct. 2016 112.4 112.1
Nov. 2016 112.6 112.1
Dec. 2016 112.9 112.7
Jan. 2017 113.4 114.3
Feb. 2017 113.8 114.1
Mar. 2017 114.1 113.5
Apr. 2017 114.4 114.5
May. 2017 114.5 114.7
June. 2017 114.5 114.3
July. 2017 114.5 115.1
Aug. 2017 114.5 110.5
Sep. 2017 114.5 114.2
Oct. 2017 114.5 114.3
Nov. 2017 114.6 114.7
Dec. 2017 114.6 115.8
Jan. 2018 114.6 113.8
Feb. 2018 114.7 114.3
Mar. 2018 114.8 114.5
Apr. 2018 115.0 115.7
May. 2018 115.3 115.1
June. 2018 115.6 115.3
July. 2018 116.0 116.5
Aug. 2018 116.4 116.5
Sep. 2018 116.9 116.1
Oct. 2018 117.4 117.8
Nov. 2018 117.8 117.9
Dec. 2018 118.1 118.4
Jan. 2019 118.2 118.3
Feb. 2019 118.3 117.9

Three-month change: growth within several industries

According to seasonally-adjusted figures, manufacturing output saw an increase of 0.8 per cent in the period December 2018-February 2019 compared to the previous three month period. Several of the industries experienced a solid growth. The two industries that contributed the most to the overall increase was fabricated metal products together with ships, boats and oil platforms, with an increase of 5.2 and 9.1 per cent respectively. Petroleum-related manufacturing saw a total increase of 4.3 per cent.  

On the other hand, the overall output increase was dampened by a production fall in the industry grouping refined petroleum, chemical and pharmaceutical products. The industry grouping had a decline in production of 4.7 per cent.

Figure 2. Selected industries in manufacturing. Seasonally adjusted, 3-month percentage change. December 2018-February 2019/September 2018-November 2018

3-month percentage change
Refined petro., chemicals, pharmac. -4.7
Food products 1.4
Fabricated metal products 5.2
Ships, boats and oil platforms 9.1

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. 2009 156.2 96.7
Feb. 2009 157.0 94.9
Mar. 2009 157.5 93.3
Apr. 2009 157.1 92.1
May. 2009 156.6 91.0
June. 2009 154.8 90.3
July. 2009 153.5 90.2
Aug. 2009 152.8 90.7
Sep. 2009 153.5 92.0
Oct. 2009 153.8 92.9
Nov. 2009 153.2 93.8
Dec. 2009 151.7 94.3
Jan. 2010 151.0 94.7
Feb. 2010 150.6 95.3
Mar. 2010 151.4 95.9
Apr. 2010 151.9 96.5
May. 2010 151.6 96.0
June. 2010 152.3 96.7
July. 2010 152.3 98.2
Aug. 2010 152.0 98.6
Sep. 2010 151.4 98.5
Oct. 2010 151.2 97.7
Nov. 2010 152.6 99.0
Dec. 2010 152.7 99.0
Jan. 2011 149.9 153.0 99.0
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 154.2 153.0 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 167.6 168.0 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 173.5 177.0 95.4
Oct. 2012 177.6 179.7 95.0
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 93.0
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 191.5 195.0 94.6
Nov. 2013 193.0 195.2 94.1
Dec. 2013 194.0 195.2 94.2
Jan. 2014 196.3 196.8 94.3
Feb. 2014 196.8 198.7 94.4
Mar. 2014 195.9 199.6 94.1
Apr. 2014 195.8 199.6 94.2
May. 2014 197.3 200.0 94.5
June. 2014 200.2 203.3 95.2
July. 2014 199.4 207.8 95.0
Aug. 2014 201.7 213.6 95.1
Sep. 2014 201.4 213.8 94.2
Oct. 2014 206.4 214.5 94.4
Nov. 2014 204.5 212.9 94.0
Dec. 2014 203.6 214.8 94.4
Jan. 2015 199.9 212.8 93.6
Feb. 2015 197.1 209.9 93.6
Mar. 2015 195.1 207.0 94.3
Apr. 2015 193.8 204.3 94.6
May. 2015 188.8 201.1 94.2
June. 2015 184.8 196.1 93.9
July. 2015 180.9 192.7 92.7
Aug. 2015 179.6 189.9 93.1
Sep. 2015 178.1 188.3 93.0
Oct. 2015 173.9 185.5 93.9
Nov. 2015 172.1 182.8 94.1
Dec. 2015 168.2 178.2 94.0
Jan. 2016 165.6 176.5 94.2
Feb. 2016 165.0 174.1 94.4
Mar. 2016 164.7 173.9 94.9
Apr. 2016 163.6 172.3 95.1
May. 2016 160.4 170.9 95.3
June. 2016 157.3 167.9 94.9
July. 2016 157.9 167.7 94.9
Aug. 2016 153.5 161.0 94.8
Sep. 2016 152.4 159.6 95.0
Oct. 2016 149.5 156.9 94.9
Nov. 2016 151.3 160.1 95.0
Dec. 2016 151.6 160.9 95.1
Jan. 2017 151.3 158.9 96.7
Feb. 2017 150.0 158.1 97.8
Mar. 2017 145.9 153.7 98.7
Apr. 2017 146.8 155.3 98.4
May. 2017 147.6 156.2 98.3
June. 2017 150.2 159.0 98.3
July. 2017 150.0 157.5 98.9
Aug. 2017 147.3 154.7 97.9
Sep. 2017 147.7 155.0 97.8
Oct. 2017 146.1 155.8 97.2
Nov. 2017 149.5 158.8 98.2
Dec. 2017 150.5 159.2 99.1
Jan. 2018 151.0 158.8 99.0
Feb. 2018 150.9 159.0 98.8
Mar. 2018 150.9 160.3 97.1
Apr. 2018 152.4 161.8 97.6
May. 2018 153.8 162.0 97.7
June. 2018 155.1 161.9 98.6
July. 2018 154.3 162.2 98.7
Aug. 2018 154.6 163.2 98.9
Sep. 2018 154.5 164.9 98.6
Oct. 2018 157.7 166.2 98.9
Nov. 2018 160.1 168.6 99.0
Dec. 2018 162.0 170.7 99.7
Jan. 2019 164.3 173.8 99.3
Feb. 2019 166.8 175.8 98.9

Monthly change: marginal decline in manufacturing output from January to February 2019

According to seasonally-adjusted figures, overall manufacturing output had a small decline of 0.3 per cent from January to February 2019. There were small changes in production within most of the industries. Food products contributed the most to pull the overall manufacturing output down, while fabricated metal products contributed the most in the opposite direction.

Increase in the Euro area, unchanged output in Norway in January 2019

Estimated figures from Eurostat, the EU’s statistical office, indicate that output in manufacturing in the Euro area had an increase of 1.1 per cent from December 2018 to January 2019. In the same period, Norwegian manufacturing output was almost unchanged.

Manufacturing output in Sweden saw a marginal increase in the same period, while there was a clear decline in Denmark.

Figure 4. Index of production for manufacturing. Euro area and Norway (2015=100). Seasonally adjusted

Euro area Norway
Jan. 2014 96.7 102.0
Feb. 2014 97.6 101.8
Mar. 2014 97.1 102.1
Apr. 2014 98.5 102.1
May. 2014 97.4 102.6
June. 2014 96.8 104.7
July. 2014 98.0 103.7
Aug. 2014 95.9 106.3
Sep. 2014 97.0 103.0
Oct. 2014 96.9 105.8
Nov. 2014 96.7 104.5
Dec. 2014 98.0 105.0
Jan. 2015 97.5 102.6
Feb. 2015 99.7 102.7
Mar. 2015 100.6 105.9
Apr. 2015 99.9 101.7
May. 2015 100.3 99.7
June. 2015 100.7 100.8
July. 2015 100.7 96.7
Aug. 2015 99.8 98.8
Sep. 2015 100.2 99.6
Oct. 2015 99.9 97.1
Nov. 2015 100.0 97.9
Dec. 2015 100.8 96.6
Jan. 2016 103.9 96.4
Feb. 2016 101.6 96.7
Mar. 2016 100.6 98.5
Apr. 2016 101.7 95.8
May. 2016 100.4 96.2
June. 2016 101.5 94.4
July. 2016 101.2 95.5
Aug. 2016 101.6 92.0
Sep. 2016 101.6 94.2
Oct. 2016 102.7 93.9
Nov. 2016 103.1 93.9
Dec. 2016 102.6 94.5
Jan. 2017 102.1 95.7
Feb. 2017 103.3 95.5
Mar. 2017 103.6 95.1
Apr. 2017 104.0 95.9
May. 2017 104.4 96.1
June. 2017 103.7 95.7
July. 2017 105.5 96.4
Aug. 2017 106.1 92.5
Sep. 2017 106.0 95.6
Oct. 2017 105.7 95.7
Nov. 2017 108.4 96.1
Dec. 2017 108.4 97.1
Jan. 2018 107.9 95.3
Feb. 2018 105.9 95.7
Mar. 2018 106.3 95.9
Apr. 2018 106.3 96.9
May. 2018 107.7 96.4
June. 2018 106.9 96.5
July. 2018 106.0 97.5
Aug. 2018 107.3 97.5
Sep. 2018 106.9 97.2
Oct. 2018 107.0 98.7
Nov. 2018 105.3 98.8
Dec. 2018 104.5 99.3
Jan. 2019 105.7 99.2

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

According to seasonally-adjusted figures, the total production index (PII) covering extraction, mining, manufacturing and electricity supply saw a clear decrease of 3.2 per cent from December 2018 to February 2019 compared with the previous three-month period. Extraction of crude petroleum went down 1.3 per cent, and extraction of natural gas had a decline of 2 per cent. For more details about oil and gas extraction for February 2019, see the press release from The Norwegian Petroleum Directorate.

Within support activities for petroleum and natural gas extraction, there was a strong output increase equivalent to 4.6 per cent compared to the last three- month period. The growth is partly related to an investment increase in the Norwegian oil and gas sector. 

Mining and quarrying also saw a production growth of 5.7 per cent in the same period, while output within Norwegian electricity supply went down 10.2 per cent.

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. 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 96.0 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 87.0
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 92.0 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 112.0 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 80.0
Jan. 2011 112.7 87.7 78.4
Feb. 2011 112.6 87.0 77.9
Mar. 2011 113.1 85.8 76.5
Apr. 2011 112.9 84.7 74.9
May. 2011 113.0 82.3 71.1
June. 2011 111.7 81.7 70.0
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 114.0 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 76.0
July. 2012 115.3 88.0 75.1
Aug. 2012 115.7 87.3 74.0
Sep. 2012 116.3 85.0 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 118.0 80.7 68.4
Apr. 2013 118.8 81.1 68.9
May. 2013 119.0 82.8 71.1
June. 2013 120.4 84.0 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 82.0 69.9
Jan. 2014 120.8 83.7 71.5
Feb. 2014 121.4 84.3 71.8
Mar. 2014 121.7 85.2 72.4
Apr. 2014 121.8 85.4 72.3
May. 2014 122.1 84.2 70.3
June. 2014 123.1 84.0 69.5
July. 2014 123.7 83.7 69.0
Aug. 2014 125.2 84.9 70.4
Sep. 2014 124.5 85.3 71.3
Oct. 2014 125.4 86.7 73.0
Nov. 2014 124.7 87.4 74.0
Dec. 2014 125.5 87.6 73.9
Jan. 2015 124.2 86.3 72.6
Feb. 2015 123.5 86.2 72.8
Mar. 2015 123.9 86.4 73.0
Apr. 2015 123.5 85.5 71.7
May. 2015 122.3 85.0 71.4
June. 2015 120.2 85.1 72.2
July. 2015 118.2 86.3 74.3
Aug. 2015 117.9 87.1 75.5
Sep. 2015 117.5 87.4 76.0
Oct. 2015 117.6 87.6 76.4
Nov. 2015 117.2 87.0 75.7
Dec. 2015 116.0 85.7 74.5
Jan. 2016 115.7 85.5 74.1
Feb. 2016 115.2 85.6 74.1
Mar. 2016 116.0 85.9 73.9
Apr. 2016 115.8 86.1 74.3
May. 2016 115.6 86.4 74.8
June. 2016 114.0 85.3 74.1
July. 2016 113.9 85.0 73.7
Aug. 2016 112.2 83.3 71.9
Sep. 2016 112.1 81.4 69.3
Oct. 2016 111.5 81.9 70.2
Nov. 2016 112.2 83.8 72.6
Dec. 2016 112.3 86.2 75.9
Jan. 2017 113.0 86.1 74.8
Feb. 2017 113.7 86.1 73.8
Mar. 2017 114.0 86.9 74.2
Apr. 2017 114.0 87.2 74.5
May. 2017 114.2 87.2 74.4
June. 2017 114.5 87.3 74.1
July. 2017 114.7 87.1 73.7
Aug. 2017 113.3 87.0 74.0
Sep. 2017 113.3 86.8 73.7
Oct. 2017 113.0 86.2 73.0
Nov. 2017 114.4 85.8 72.0
Dec. 2017 114.9 85.4 71.1
Jan. 2018 114.8 86.3 71.4
Feb. 2018 114.6 87.1 71.3
Mar. 2018 114.2 87.7 71.1
Apr. 2018 114.8 87.2 70.3
May. 2018 115.1 86.2 69.4
June. 2018 115.4 87.0 71.2
July. 2018 115.6 87.4 71.9
Aug. 2018 116.1 88.6 73.3
Sep. 2018 116.4 87.7 71.3
Oct. 2018 116.8 88.2 71.1
Nov. 2018 117.3 87.8 70.0
Dec. 2018 118.0 87.8 69.8
Jan. 2019 118.2 86.4 69.0
Feb. 2019 118.2 85.0 68.1

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