Increase in turnover for building of ships and oil platforms

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Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing increased by 0.7 per cent from the second to the third quarter of 2019. On a monthly basis, from August to September 2019, the manufacturing turnover increased by 1.2 per cent.

Written by: Robert Skotvold

The index value for turnover in manufacturing was 160.5 (2005=100) in the third quarter of 2019 compared to 159.4 in the previous three-month period, according to seasonally-adjusted figures.

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

Figure 1. Index of turnover for manufacturing. Seasonally adjusted. Three-month moving average¹. 2005=100

Index of turnover for manufacturing
Jan. 2009 142.5
Feb. 2009 141.3
Mar. 2009 142
Apr. 2009 139.5
May 2009 137.2
June 2009 133.5
July 2009 132.8
Aug. 2009 134
Sep. 2009 135.9
Okt. 2009 137
Nov. 2009 137.1
Dec. 2009 137.4
Jan. 2010 137.1
Feb. 2010 136
Mar. 2010 135.1
Apr. 2010 135.5
May 2010 136.3
June 2010 137.5
July 2010 138.2
Aug. 2010 136.8
Sep. 2010 134.5
Okt. 2010 134.7
Nov. 2010 137.3
Dec. 2010 138.3
Jan. 2011 137.4
Feb. 2011 136.6
Mar. 2011 135.4
Apr. 2011 136.7
May 2011 136.4
June 2011 137.9
July 2011 136.7
Aug. 2011 136.2
Sep. 2011 136.1
Okt. 2011 137.1
Nov. 2011 139.1
Dec. 2011 141.6
Jan. 2012 143.4
Feb. 2012 144
Mar. 2012 143.8
Apr. 2012 142.7
May 2012 143.2
June 2012 142.8
July 2012 143.8
Aug. 2012 143.6
Sep. 2012 144.9
Okt. 2012 145
Nov. 2012 145.8
Dec. 2012 145.4
Jan. 2013 146.6
Feb. 2013 145.5
Mar. 2013 146.7
Apr. 2013 146
May 2013 146.2
June 2013 147.5
July 2013 150.9
Aug. 2013 153.6
Sep. 2013 153.9
Okt. 2013 152.1
Nov. 2013 151.7
Dec. 2013 151.2
Jan. 2014 150.2
Feb. 2014 151.2
Mar. 2014 150.3
Apr. 2014 152
May 2014 150.3
June 2014 149.5
July 2014 148.6
Aug. 2014 151.2
Sep. 2014 151.3
Okt. 2014 151.7
Nov. 2014 150.6
Dec. 2014 152.2
Jan. 2015 150.2
Feb. 2015 150.3
Mar. 2015 151.2
Apr. 2015 153.5
May 2015 152.1
June 2015 150.4
July 2015 148.9
Aug. 2015 148.7
Sep. 2015 147.9
Okt. 2015 147.5
Nov. 2015 144.7
Dec. 2015 143.7
Jan. 2016 141.6
Feb. 2016 140.3
Mar. 2016 138.9
Apr. 2016 138.3
May 2016 139.4
June 2016 139.2
July 2016 139
Aug. 2016 137.3
Sep. 2016 136.4
Okt. 2016 134.9
Nov. 2016 134.3
Dec. 2016 133.8
Jan. 2017 135.8
Feb. 2017 138.1
Mar. 2017 140.1
Apr. 2017 140.3
May 2017 138.2
June 2017 137.1
July 2017 137.4
Aug. 2017 139.7
Sep. 2017 140.6
Okt. 2017 141.5
Nov. 2017 142.5
Dec. 2017 145.8
Jan. 2018 146.1
Feb. 2018 146.1
Mar. 2018 144.8
Apr. 2018 146
May 2018 148.4
June 2018 151.2
July 2018 152.9
Aug. 2018 153.2
Sep. 2018 153.9
Okt. 2018 155.3
Nov. 2018 156.5
Dec. 2018 156.4
Jan. 2019 156.9
Feb. 2019 156.9
Mar. 2019 156.9
Apr. 2019 157.6
May 2019 158
June 2019 159.4
July 2019 158.8
Aug. 2019 159.7
Sep. 2019 160.5

Three-month change: growth for building of ships, boats and oil platforms

Seasonally-adjusted figures show that the turnover in Norwegian manufacturing increased by 0.7 per cent from the second to the third quarter of 2019. The domestic market accounts for the growth. Building of ships, boats and oil platforms contributed the most to the growth with a strong increase of 25 per cent in the period. This is due to some large ship deliveries in this period. Building of oil platforms also had a significant growth in turnover. Other industries that also contributed positively were:

  • Repair, installation of machinery
  • Computer and electrical equipment

A decline of 2.4 per cent in food products contributed the most to curbing the positive development in manufacturing turnover.

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

Figure 2. Selected industries. Seasonally adjusted. Three-month moving average¹

Food, beverages and tobacco Refined petro. chemicals, pharmac. Fabricated metal products Ships, boats and oil platforms Machinery and equipment
Jan. 2013 160.8 154.9 165.0 129.7 236.2
Feb. 2013 160.7 156.8 158.0 126.6 238.7
Mar. 2013 160.1 156.4 180.1 136.3 235.3
Apr. 2013 162.0 153.6 183.3 126.5 233.6
May 2013 165.8 149.4 190.0 134.8 240.2
June 2013 166.4 146.2 179.8 139.8 261.5
July 2013 169.3 147.2 177.7 160.7 271.0
Aug. 2013 170.0 151.1 174.8 161.3 274.6
Sep. 2013 170.5 158.5 170.9 157.3 275.3
Okt. 2013 169.9 157.0 170.8 142.0 264.8
Nov. 2013 168.3 155.9 174.9 142.7 279.0
Dec. 2013 170.2 150.6 170.0 147.1 277.0
Jan. 2014 168.1 152.4 172.4 143.6 274.1
Feb. 2014 168.4 153.0 172.1 156.5 265.2
Mar. 2014 166.1 149.2 173.8 160.2 259.1
Apr. 2014 170.4 147.3 172.8 166.0 266.4
May 2014 171.6 144.5 169.6 155.3 262.1
June 2014 172.6 142.4 168.0 151.2 266.5
July 2014 170.8 140.1 171.6 144.5 274.8
Aug. 2014 171.9 136.5 171.2 152.1 306.7
Sep. 2014 173.1 134.1 171.7 151.2 308.1
Okt. 2014 173.3 131.9 169.3 162.1 305.8
Nov. 2014 174.2 135.4 169.7 158.1 290.3
Dec. 2014 175.8 134.2 172.4 156.2 297.1
Jan. 2015 177.8 128.6 160.3 139.2 305.3
Feb. 2015 177.5 123.3 158.1 143.0 308.0
Mar. 2015 177.1 127.4 157.1 140.3 318.8
Apr. 2015 177.9 130.7 165.2 155.5 308.0
May 2015 178.4 130.8 167.1 148.9 301.9
June 2015 179.1 131.9 162.6 144.0 278.7
July 2015 179.0 132.6 158.3 138.3 271.3
Aug. 2015 180.3 129.5 157.8 135.2 260.6
Sep. 2015 180.0 131.6 152.5 134.2 257.2
Okt. 2015 181.4 134.1 153.0 121.7 256.5
Nov. 2015 183.0 137.7 146.9 109.4 243.0
Dec. 2015 185.5 132.2 151.6 113.0 236.6
Jan.2016 186.7 124.4 150.6 119.9 222.3
Feb. 2016 190.6 116.1 150.1 119.5 211.5
Mar. 2016 193.2 111.2 144.9 110.8 204.2
Apr. 2016 194.1 109.7 142.6 105.3 196.7
May 2016 192.7 113.2 140.4 114.7 189.7
June 2016 193.8 114.6 142.9 116.8 167.8
July 2016 193.9 114.6 152.9 114.8 165.5
Aug. 2016 193.6 113.2 155.8 103.6 161.2
Sep. 2016 193.5 105.8 157.1 102.2 171.7
Okt. 2016 194.7 101.2 147.1 101.1 162.1
Nov. 2016 196.0 96.8 147.1 104.3 148.9
Dec. 2016 195.8 101.2 143.3 99.6 131.9
Jan. 2017 196.4 117.9 142.8 97.2 126.5
Feb. 2017 197.5 132.9 141.0 90.3 130.6
Mar. 2017 198.8 141.1 148.6 94.5 128.2
Apr. 2017 196.2 136.7 146.2 95.2 127.1
May 2017 190.1 131.9 143.4 92.3 121.2
June 2017 185.6 130.4 142.4 86.1 122.8
July 2017 187.4 127.8 142.0 94.7 113.7
Aug. 2017 191.9 130.8 137.0 103.8 117.2
Sep. 2017 195.0 133.1 134.4 105.2 118.1
Okt. 2017 194.7 136.5 144.9 95.8 125.3
Nov. 2017 195.4 140.2 147.0 92.6 128.0
Dec. 2017 198.0 148.9 146.9 95.1 141.4
Jan. 2018 195.5 153.5 140.2 95.5 142.4
Feb. 2018 195.0 151.8 145.3 95.5 141.8
Mar. 2018 192.7 145.7 142.3 93.9 136.9
Apr. 2018 197.7 142.4 147.5 97.8 139.7
May 2018 200.9 144.9 154.5 105.7 149.5
June 2018 201.6 149.0 158.3 113.0 150.7
July 2018 201.9 155.2 153.1 111.1 153.8
Aug. 2018 201.3 154.4 155.2 103.2 152.0
Sep. 2018 202.1 165.1 158.0 103.5 149.9
Okt. 2018 201.9 168.8 162.6 111.5 149.7
Nov. 2018 201.4 171.5 161.9 120.3 160.7
Dec. 2018 201.8 161.5 162.3 121.4 170.1
Jan. 2019 203.9 156.4 165.1 120.0 178.5
Feb. 2019 203.9 152.6 167.0 127.2 174.7
Mar. 2019 203.9 150.1 171.5 131.4 169.4
Apr. 2019 205.7 151.2 174.7 128.2 170.4
May 2019 207.0 151.8 175.3 116.0 170.1
June 2019 210.1 147.9 175.8 121.3 179.3
July 2019 206.5 145.0 177.4 128.5 180.3
Aug. 2019 207.3 143.0 175.0 140.0 180.0
Sep. 2019 205.0 148.1 174.0 151.0 182.7

Monthly change: further increase in manufacturing turnover

Total Norwegian manufacturing turnover increased by 1.2 per cent from August to September 2019, according to seasonally-adjusted figures. Most industries had turnover growth, and the largest contribution to the increase came from the industry grouping building of ships, boats and oil platforms. Here the increase was 29 per cent. The industry grouping refined petroleum, chemicals and pharmaceuticals and machinery and equipment also contributed to the growth in manufacturing turnover.

On the other hand, food products contributed the most negatively to curbing the positive development in the manufacturing turnover in this period.

Monthly change: increase in turnover in manufacturing in the euro area in August 2019

Manufacturing turnover in the euro area increased by 0.6 per cent from July to August 2019, according to seasonally-adjusted figures. Total turnover in Norwegian manufacturing increased by 1.1 per cent in the same period. In the other Scandinavian countries, Denmark and Sweden, the turnover decreased by 0.9 and 0.6 per cent respectively, according to Eurostat.

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