Output growth in manufacturing in the second quarter of 2018

Published:

Norwegian manufacturing output increased 0.8 per cent from the first to the second quarter of 2018, according to seasonally-adjusted figures. The growth is particularly related to high production within food products and beverages. On a month to month basis, from May to June 2018, output was unchanged.

Written by: Marte Ragnhild Owren Claussen / Anel Finci

The index level for Norwegian manufacturing in the second quarter of 2018 amounted to 114.9 (2005=100). The corresponding figure for the previous quarter was 114.0.

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

Smoothed seasonally adjusted Seasonally adjusted
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 120.9 121.78
Feb. 2014 121.3 121.44
Mar. 2014 121.79 121.64
Apr. 2014 122.38 121.8
May. 2014 123.1 122.34
June. 2014 123.89 124.84
July. 2014 124.68 124.77
Aug. 2014 125.31 127.39
Sep. 2014 125.6 122.77
Oct. 2014 125.52 126.32
Nov. 2014 125.14 124.73
Dec. 2014 124.5 125.46
Jan. 2015 123.7 122.32
Feb. 2015 122.74 122.55
Mar. 2015 121.72 126.25
Apr. 2015 120.78 121.2
May. 2015 119.97 118.8
June. 2015 119.26 120.05
July. 2015 118.66 116.78
Aug. 2015 118.08 118.65
Sep. 2015 117.5 118.61
Oct. 2015 116.91 115.83
Nov. 2015 116.31 116.81
Dec. 2015 115.82 115.53
Jan. 2016 115.46 114.9
Feb. 2016 115.18 115.25
Mar. 2016 114.87 117.29
Apr. 2016 114.4 114.17
May. 2016 113.77 114.61
June. 2016 113.08 112.31
July. 2016 112.42 115.76
Aug. 2016 111.98 110.49
Sep. 2016 111.89 112.11
Oct. 2016 112.1 112.06
Nov. 2016 112.49 112.04
Dec. 2016 112.97 113.04
Jan. 2017 113.38 114.17
Feb. 2017 113.7 113.83
Mar. 2017 113.91 113.23
Apr. 2017 114.01 114.21
May. 2017 114.02 114.28
June. 2017 114.01 113.8
July. 2017 114.03 117.09
Aug. 2017 114.11 111.19
Sep. 2017 114.19 113.54
Oct. 2017 114.26 114.38
Nov. 2017 114.3 114.67
Dec. 2017 114.33 116.4
Jan. 2018 114.32 113.73
Feb. 2018 114.38 114.03
Mar. 2018 114.51 114.21
Apr. 2018 114.68 115.37
May. 2018 114.83 114.65
June. 2018 114.87 114.69

Three-month change: increase in food products and beverages

According to seasonally-adjusted figures, manufacturing output saw an increase of 0.8 per cent in the second quarter of 2018 compared to the previous quarter. The growth is particularly related to high activity within food products and beverages. Strong output level within manufacture of meat and meat products is the main reason behind this development. In addition, manufacture of dairy products and ice cream, as well as manufacture of soft drinks and mineral waters saw high production levels, due to high temperatures and stable summer weather.

The industry grouping refined petroleum, chemicals and pharmaceuticals contributed also positively in the second quarter due to high production of pharmaceutical products. On the other hand, the overall output increase was somewhat dampened by lower production within industries such as rubber, plastic and mineral products, and repair and installation of machinery.

Figure 2. Selected industries in manufacturing. Seasonally adjusted, 3-month percentage change. April 2018-June 2018/January 2018-March 2018

3-month percentage change
Repair, installation of machinery -2.0
Rubber, plastic and mineral prod. -1.2
Refined petro., chemicals, pharmac. 2.5
Food, beverages and tobacco 2.7

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. 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 196.3 196.9 94.3
Feb. 2014 196.8 198.8 94.4
Mar. 2014 196 199.8 94
Apr. 2014 195.9 199.9 94.2
May. 2014 197.4 200.2 94.5
June. 2014 200.3 203.4 95.2
July. 2014 199.3 207.8 95.1
Aug. 2014 201.6 213.4 95.2
Sep. 2014 201.3 213.6 94.2
Oct. 2014 206.4 214.4 94.4
Nov. 2014 204.5 212.9 93.9
Dec. 2014 203.6 215.3 94.5
Jan. 2015 199.9 213.3 93.6
Feb. 2015 197.1 210.5 93.6
Mar. 2015 195.2 207.3 94.2
Apr. 2015 194 204.6 94.5
May. 2015 189.1 201.3 94.2
June. 2015 185.1 196.1 93.8
July. 2015 180.8 192.4 92.9
Aug. 2015 179.3 189.6 93.3
Sep. 2015 177.7 188.1 93.1
Oct. 2015 173.9 185.3 93.9
Nov. 2015 172.1 182.8 94.2
Dec. 2015 168.2 178.7 94.1
Jan. 2016 165.5 177.3 94.2
Feb. 2016 164.9 175 94.3
Mar. 2016 164.8 174.3 94.8
Apr. 2016 163.8 172.6 94.9
May. 2016 160.7 171.2 95.2
June. 2016 157.7 168 94.7
July. 2016 157.8 167.4 95
Aug. 2016 153.2 160.4 95
Sep. 2016 151.9 159.1 95.3
Oct. 2016 149.4 156.5 95
Nov. 2016 151.4 159.9 95
Dec. 2016 151.5 161.1 95.2
Jan. 2017 151.2 159.5 96.7
Feb. 2017 149.8 159 97.7
Mar. 2017 145.9 154.2 98.5
Apr. 2017 147 155.7 98.1
May. 2017 148 156.4 98.1
June. 2017 150.7 159 98.1
July. 2017 149.9 156.9 99.1
Aug. 2017 146.9 153.8 98.2
Sep. 2017 147 154.4 98.1
Oct. 2017 145.9 155.2 97.3
Nov. 2017 149.5 158.5 98.3
Dec. 2017 150.5 159.6 99.3
Jan. 2018 151 160 99
Feb. 2018 150.8 160.5 98.6
Mar. 2018 151 161.2 96.9
Apr. 2018 152.6 162.3 97.2
May. 2018 154.3 162.2 97.5
June. 2018 155.7 161.8 98.3

Monthly change: unchanged output from May to June

According to seasonally-adjusted figures, total manufacturing output was unchanged from May to June 2018. Industries within the analytical grouping petroleum-related manufacturing such as fabricated metal products and ships, boats and oil platforms saw a production increase in this period. On the other hand, basic chemicals together with rubber, plastic and mineral products had an output fall.

Clear output growth in the Euro area in May 2018

Estimated figures from Eurostat, the EU’s statistical office, indicate that output in manufacturing in the Euro area had a clear output growth from April to May 2018 equivalent to 1.4 per cent. In the same period, manufacturing output in Norway decreased by 0.6 per cent. 

In two of our neighboring countries, Sweden and Denmark, the development in manufacturing output pointed in opposite directions from to April to May 2018. Sweden saw an increase of 1.8 per cent, while Denmark had an output fall of 1.5 per cent.

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

Euro area Norway
Jan. 2013 94.00 98.90
Feb. 2013 94.00 99.50
Mar. 2013 94.50 98.00
Apr. 2013 95.20 100.90
May. 2013 95.60 100.00
June. 2013 95.80 101.50
July. 2013 95.00 102.00
Aug. 2013 95.70 100.80
Sep. 2013 95.70 100.70
Oct. 2013 95.30 100.60
Nov. 2013 96.60 100.20
Dec. 2013 96.70 101.10
Jan. 2014 96.70 102.00
Feb. 2014 97.60 101.70
Mar. 2014 97.10 101.80
Apr. 2014 98.50 102.00
May. 2014 97.40 102.40
June. 2014 96.70 104.50
July. 2014 98.00 104.40
Aug. 2014 96.00 106.60
Sep. 2014 97.10 102.80
Oct. 2014 97.00 105.80
Nov. 2014 96.80 104.40
Dec. 2014 98.10 105.00
Jan. 2015 97.40 102.40
Feb. 2015 99.70 102.60
Mar. 2015 100.70 105.70
Apr. 2015 99.80 101.50
May. 2015 100.30 99.50
June. 2015 100.70 100.50
July. 2015 100.60 97.80
Aug. 2015 100.10 99.30
Sep. 2015 100.10 99.30
Oct. 2015 100.30 97.00
Nov. 2015 99.80 97.80
Dec. 2015 100.60 96.70
Jan. 2016 103.70 96.20
Feb. 2016 101.50 96.50
Mar. 2016 100.60 98.20
Apr. 2016 101.60 95.60
May. 2016 100.60 95.90
June. 2016 101.40 94.00
July. 2016 100.90 96.90
Aug. 2016 101.80 92.50
Sep. 2016 101.70 93.90
Oct. 2016 103.20 93.80
Nov. 2016 102.70 93.80
Dec. 2016 102.20 94.60
Jan. 2017 102.00 95.60
Feb. 2017 103.20 95.30
Mar. 2017 103.80 94.80
Apr. 2017 103.80 95.60
May. 2017 104.60 95.70
June. 2017 103.50 95.20
July. 2017 105.00 98.00
Aug. 2017 106.40 93.10
Sep. 2017 106.30 95.00
Oct. 2017 106.50 95.80
Nov. 2017 108.00 96.00
Dec. 2017 107.60 97.40
Jan. 2018 107.80 95.20
Feb. 2018 105.80 95.50
Mar. 2018 106.30 95.60
Apr. 2018 106.10 96.60
May. 2018 107.60 96.00

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

According to seasonally-adjusted figures, the total production index (PII) covering extraction, mining, manufacturing and electricity supply decreased by 1.1 per cent in the second quarter of 2018 compared with the previous quarter. Extraction of crude petroleum saw a decline of 4.8 per cent, while extraction of natural gas increased by 4.1 per cent. For more details about oil and gas extraction for June 2018, 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 4.8 per cent in the second quarter of 2018 compared with previous quarter. This positive development is among other factors due to high activity related to assembly work on new platforms.

In the same period, mining and quarrying decreased 2.2 per cent, while production within Norwegian electricity supply had a severe drop of 12.9 per cent. The drop must be seen in context with high temperatures and low level of rainfall during the second quarter of 2018.

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. 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 120.8 83.7 71.5
Feb. 2014 121.3 84.3 71.8
Mar. 2014 121.6 85.2 72.4
Apr. 2014 121.6 85.4 72.3
May. 2014 121.9 84.2 70.2
June. 2014 123 84 69.5
July. 2014 124 83.8 69
Aug. 2014 125.7 85 70.5
Sep. 2014 125 85.5 71.4
Oct. 2014 125.5 86.8 73
Nov. 2014 124.6 87.4 74
Dec. 2014 125.5 87.5 73.9
Jan. 2015 124.2 86.3 72.6
Feb. 2015 123.5 86.2 72.8
Mar. 2015 123.7 86.3 73
Apr. 2015 123.4 85.4 71.7
May. 2015 122.1 84.9 71.3
June. 2015 120 85.1 72.1
July. 2015 118.6 86.4 74.4
Aug. 2015 118.5 87.4 75.7
Sep. 2015 118 87.6 76.2
Oct. 2015 117.7 87.7 76.4
Nov. 2015 117.1 86.9 75.6
Dec. 2015 116 85.7 74.4
Jan. 2016 115.7 85.5 74.1
Feb. 2016 115.2 85.6 74.2
Mar. 2016 115.8 85.8 73.9
Apr. 2016 115.6 86 74.2
May. 2016 115.4 86.2 74.7
June. 2016 113.7 85.2 73.9
July. 2016 114.2 85.2 73.8
Aug. 2016 112.9 83.7 72.2
Sep. 2016 112.8 81.8 69.6
Oct. 2016 111.6 82 70.3
Nov. 2016 112.1 83.6 72.4
Dec. 2016 112.4 86.1 75.8
Jan. 2017 113.1 86.1 74.8
Feb. 2017 113.7 86.1 73.7
Mar. 2017 113.7 86.8 74.1
Apr. 2017 113.7 86.9 74.2
May. 2017 113.9 86.9 74.1
June. 2017 114.1 87 73.9
July. 2017 115.1 87.2 73.8
Aug. 2017 114 87.5 74.5
Sep. 2017 113.9 87.2 74.1
Oct. 2017 113 86.3 73.1
Nov. 2017 114.2 85.6 71.6
Dec. 2017 115.2 85.4 71
Jan. 2018 114.9 86.4 71.5
Feb. 2018 114.7 87.1 71.3
Mar. 2018 114 87.6 71.1
Apr. 2018 114.5 86.9 70
May. 2018 114.8 86 69.2
June. 2018 114.9 86.6 70.9

 

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