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Rise in manufacturing turnover in the 3rd quarter

Published:

Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased by 1.4 per cent from the second to the third quarter of 2017. However, a 0.4 per cent decrease was recorded from August to September.

The index value for turnover in manufacturing was 140.0 (2005=100) in the third quarter of 2017, compared to 138.1 in the previous quarter, according to seasonally-adjusted figures.

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

Index of turnover for manufacturing
Jan. 2007 134.7
Feb. 2007 134.9
Mar. 2007 138.1
Apr. 2007 140.1
May 2007 143.4
June 2007 143.3
July 2007 140.8
Aug. 2007 140.7
Sep. 2007 139.1
Okt. 2007 141.3
Nov. 2007 141.7
Dec. 2007 142.9
Jan. 2008 144.5
Feb. 2008 145.8
Mar. 2008 145.6
Apr. 2008 146.2
May 2008 146.8
June 2008 149.4
July 2008 151.3
Aug. 2008 151.5
Sep. 2008 152.4
Okt. 2008 150.3
Nov. 2008 148.2
Dec. 2008 144
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
Mar. 2014 150
Apr. 2014 151.7
May 2014 150.5
June 2014 149.7
July 2014 148.7
Aug. 2014 151
Sep. 2014 151.2
Okt. 2014 151.6
Nov. 2014 150.6
Dec. 2014 152.2
Jan. 2015 150.1
Feb. 2015 149.8
Mar. 2015 150.7
Apr. 2015 152.9
May 2015 152.3
June 2015 150.8
July 2015 149.3
Aug. 2015 148.5
Sep. 2015 147.6
Okt. 2015 147.5
Nov. 2015 144.9
Dec. 2015 144.1
Jan. 2016 141.8
Feb. 2016 140.1
Mar. 2016 138.3
Apr. 2016 137.5
May 2016 139.6
June 2016 139.8
July 2016 139.4
Aug. 2016 137
Sep. 2016 135.9
Okt. 2016 134.9
Nov. 2016 134.8
Dec. 2016 134.3
Jan. 2017 136.2
Feb. 2017 137.7
Mar. 2017 139
Apr. 2017 139.2
May 2017 138.4
June 2017 138.1
July 2017 137.9
Aug. 2017 139.2
Sep. 2017 140

Three-month change: growth in food products

Seasonally-adjusted figures showed that the turnover in Norwegian manufacturing increased 1.4 per cent from the second to the third quarter of 2017.

The biggest contributor to the increase was building of ships, boats, and oil platforms, where the growth is related to several large deliveries in July-September period. Food products also edged up, mainly due to a turnover growth in the processing and preserving of fish and fish feeds sector. Moreover, grouping refined petroleum, chemical and pharmaceutical products showed a growth in this period.

On the other hand, these industries recorded a reduction in their turnover and contributed most to curb the positive trend in total turnover:

  • Machinery and equipment
  • Fabricated metal products
  • Repair, installation of machinery

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. 2011 144.3 152.4 143.7 113.1 187.1
Feb. 2011 145.1 151.4 154.3 113.6 171.2
Mar. 2011 145.6 148.6 153.8 113.3 173.7
Apr. 2011 147.2 149.7 154.1 124.2 165.5
May 2011 146.2 151.4 157.6 120.7 174.5
June 2011 148.0 146.0 163.7 121.0 170.7
July 2011 146.0 144.9 170.9 105.9 174.1
Aug. 2011 148.2 139.9 170.5 103.0 166.3
Sep. 2011 149.4 144.0 168.4 103.5 173.4
Okt. 2011 150.8 146.7 165.6 106.4 177.2
Nov. 2011 151.9 151.1 161.9 118.9 180.2
Dec. 2011 151.1 152.3 165.8 128.4 195.0
Jan. 2012 153.4 152.3 168.1 141.0 197.5
Feb. 2012 154.6 152.6 172.3 142.7 202.5
Mar. 2012 159.9 155.6 173.0 135.0 197.0
Apr. 2012 158.7 155.8 169.8 129.1 202.0
May 2012 158.9 154.1 169.9 137.0 212.5
June 2012 155.2 147.4 171.0 145.5 210.8
July 2012 156.0 146.8 168.7 154.5 210.7
Aug. 2012 155.5 153.1 171.1 140.5 206.5
Sep. 2012 155.3 158.3 172.0 147.3 215.0
Okt. 2012 153.6 156.9 175.7 142.9 227.5
Nov. 2012 154.2 151.1 175.4 153.3 229.4
Dec. 2012 158.1 151.9 166.6 142.9 229.6
Jan. 2013 160.8 154.9 165.0 147.3 236.2
Feb. 2013 160.7 156.8 158.0 134.3 238.7
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 168.1 152.7 172.1 143.9 273.5
Feb. 2014 168.3 152.3 172.1 156.9 264.4
Mar. 2014 165.9 148.7 173.2 161.4 257.7
Apr. 2014 170.3 146.5 172.1 166.4 266.3
May 2014 171.5 144.6 168.6 156.4 262.0
June 2014 172.8 142.4 167.7 151.7 268.5
July 2014 170.8 140.1 170.8 144.4 275.1
Aug. 2014 172.1 136.5 171.9 151.4 306.8
Sep. 2014 173.2 135.5 172.8 150.1 305.9
Okt. 2014 173.4 132.9 171.1 162.2 304.2
Nov. 2014 174.3 135.4 169.8 158.6 289.7
Dec. 2014 175.4 133.3 172.2 156.5 296.6
Jan. 2015 177.3 128.7 160.0 140.2 304.3
Feb. 2015 176.7 123.0 157.8 143.2 306.1
Mar. 2015 176.6 126.8 155.3 140.3 317.4
Apr. 2015 177.6 129.5 163.8 154.8 307.2
May 2015 178.6 131.2 165.6 149.6 302.5
June 2015 179.3 132.1 162.4 145.5 282.4
July 2015 179.1 132.8 156.8 137.6 273.0
Aug. 2015 180.4 129.4 158.5 133.2 261.1
Sep. 2015 180.3 133.2 154.4 132.6 253.5
Okt. 2015 181.7 135.0 155.7 122.4 254.1
Nov. 2015 183.2 137.6 147.1 110.7 241.2
Dec. 2015 185.5 131.2 151.0 113.7 236.7
Jan. 2016 186.6 125.1 150.0 121.2 223.0
Feb. 2016 190.1 116.5 149.6 119.9 211.9
Mar. 2016 192.2 111.0 142.1 110.7 203.3
Apr. 2016 193.5 108.7 140.9 104.2 195.9
May 2016 192.9 113.9 139.3 114.5 190.3
June 2016 194.3 114.9 143.8 118.7 171.7
July 2016 194.2 114.9 151.3 114.5 166.7
Aug. 2016 193.8 112.8 155.9 102.3 160.7
Sep. 2016 193.9 106.9 159.3 99.6 167.5
Okt. 2016 195.2 101.5 150.6 101.9 160.0
Nov. 2016 196.1 96.4 147.5 106.5 147.0
Dec. 2016 195.8 100.6 141.9 101.7 131.7
Jan. 2017 196.4 120.0 141.3 98.4 127.3
Feb. 2017 196.6 133.2 139.9 90.3 131.2
Mar. 2017 196.9 140.5 144.9 94.8 126.9
Apr. 2017 195.0 134.5 144.2 94.2 126.3
May 2017 190.3 133.2 143.3 91.6 122.2
June 2017 186.9 131.0 144.7 86.9 128.3
July 2017 188.2 128.2 141.3 92.9 116.3
Aug. 2017 192.6 129.6 136.9 100.1 117.9
Sep. 2017 195.5 134.4 136.9 100.6 114.6

Monthly change: notable rise in fabricated metal products

Total Norwegian manufacturing turnover showed a slight decrease of 0.4 per cent from August to September 2017, according to seasonally-adjusted figures.

Machinery and equipment, building of ships, boats and oil platforms, as well as basic chemical products contributed most to the decline.

On the contrary, fabricated metal products showed a prominent increase in this period which is mainly related to a growth in weapons and ammunition sector.

Moreover, grouping refined petroleum, chemical and pharmaceutical products recorded an increase. With a growth in repair, installation of machinery, these industries contributed most to curb the total decline.

Monthly change: increase in Norway and the euro area in August

Total turnover for Norwegian manufacturing went up 1.2 per cent from July to August 2017, according to seasonally-adjusted figures. Manufacturing in the euro area also showed an increase of 1.9 per cent. The Nordic countries, Denmark edged up 2.0 per cent, while Sweden went down 2.8 per cent, according to Eurostat.

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