Manufacturing, mining and quarrying

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Resource shortage and price growth in manufacturing

Norwegian industrial managers are reporting an increase in production and growth in prices in the 4th quarter. The general expectations for the 1st quarter of 2022 are positive among most of the industrial leaders. At the same time, a high proportion of them report that a shortage of raw materials limits production.

Unchanged manufacturing output

Norwegian manufacturing production was unchanged from October to November 2021, according to seasonally adjusted figures. For the period September-November 2021 manufacturing output declined by 0.2 per cent compared with the previous three-month period.

Manufacturing turnover increases

Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing increased by 4.2 per cent from September to November 2021 compared with the previous three-month period. From October to November, the manufacturing turnover increased by 3.9 per cent.

Decline in manufacturing output in October

Norwegian manufacturing production saw a decline of 0.9 per cent from September to October 2021, according to seasonally adjusted figures. For the period August-October 2021 manufacturing output was unchanged compared with the previous three-month period.

Manufacturing turnover increases in the last three-month period

Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing increased by 3.7 per cent from August to October 2021 compared with the previous three-month period. However, on a monthly basis from September to October, the manufacturing turnover decreased by 4.5 per cent.

Investments in electricity supply fall sharply in 2021

The latest investment estimates from companies within oil and gas, manufacturing, mining and quarrying and electricity supply show a clear decline in 2021. This is mainly due to lower investment in electricity supply. Total investment is also indicated to fall further in 2022.

Upward adjusted estimates for oil investments in 2022

Total investments in oil and gas activity in 2022, including pipeline transportation, are estimated at NOK 154.4 billion. This is 8.7 per cent higher than estimated in the previous quarter, but the estimate still indicates a clear decline compared with the corresponding figure for 2021. The newest estimate for 2021 is now NOK 182.3 billion.

Manufacturing production has levelled out

Norwegian manufacturing production has levelled out and was unchanged from the second to the third quarter of 2021, according to seasonally adjusted figures. From August to September manufacturing output saw an increase of 0.6 per cent.

Manufacturing turnover at record level in the third quarter

Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing increased by 5.0 per cent from the second to the third quarter of 2021. On a monthly basis, from August to September, the manufacturing turnover increased by 5.2 per cent.

Optimism in manufacturing

Norwegian industrial managers are reporting an increase in production in the 3rd quarter. At the same time, a historically high proportion of them report that a shortage of raw materials limits production. The general expectations for the 4th quarter of 2021 are still positive among most of the industrial leaders.

Price growth and high export gives increased manufacturing turnover

Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing increased by 3.2 per cent in the period June-August 2021, compared to the previous three-month period. On a monthly basis, from July to August, the manufacturing turnover decreased by 0.3 per cent.

Flat trend in manufacturing output

Norwegian manufacturing output was unchanged from July to August 2021, according to seasonally adjusted figures. For the period June - August 2021 manufacturing output marginally declined by 0.4 per cent compared to the previous three-month period.

Food products increases manufacturing turnover in July

Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing increased by 2.7 per cent in the period May-July 2021, compared to the previous three-month period. On a monthly basis, from June to July, the manufacturing turnover increased by 2.4 per cent. Increased turnover in the industry food products contributed most to the growth.

Moderate decline in manufacturing output

Norwegian manufacturing output saw a moderate decline of 0.6 per cent from June to July 2021, according to seasonally adjusted figures. For the period May - July 2021 manufacturing output declined by 0.8 per cent compared to the previous three-month period.

Marginal decrease in oil investments for 2021

Total investments in oil and gas activity in 2021, including pipeline transportation, are estimated at NOK 181.5 billion. This is about the same level as the estimate given in the previous survey. Compared with the corresponding figure for 2020, a small decrease of 1.6 per cent is now expected.

Substantial investment drop in electricity supply

The companies’ latest investment estimates for 2021 indicate a decline within oil and gas, manufacturing, mining and quarrying and electricity supply. For 2022 the newest estimates also suggest a decrease in total investments. Falling investments within electricity supply contribute most to the decline for both years.

Manufacturing output declined in the 2nd quarter

Norwegian manufacturing output saw a decline of 1.4 per cent in the 2nd quarter compared with the 1st quarter of 2021, according to seasonally adjusted figures. The decline is particularly related to a fall in petroleum-related manufacturing.

Manufacturing turnover increased in the second quarter

Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing increased by 2.2 per cent from the first to the second quarter of 2021. On a monthly basis, from May to June, the manufacturing turnover increased by 1.8 per cent.

Production growth in manufacturing

Norwegian industrial managers are reporting an increase in production in the second quarter. There is also growth in new orders and stock of orders. The general expectations for the third quarter of 2021 are also clearly positive among most of the industrial leaders.

Unchanged manufacturing output

Norwegian manufacturing output saw a marginal decline of 0.1 per cent from April to May 2021, according to seasonally adjusted figures. For the period March-May 2021 manufacturing output was unchanged compared with the previous three-month period.

Manufacturing turnover increases

Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing increased by 1.1 per cent from April to May 2021. In the period March-May 2021 the turnover increased by 4.5 per cent compared with the previous three-month period.

Decline in manufacturing output in April

Norwegian manufacturing output saw a clear decline of 1.9 per cent from March to April 2021, according to seasonally adjusted figures. The decline comes after a high activity level in March. For the period February-April 2021 there was an increase of 1 per cent compared with the previous three-month period.

Manufacturing turnover slightly declines in April

Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing decreased by 0.7 from March to April 2021. In the period Februar-April 2021 the turnover increased by 5.9 per cent compared with the previous three-month period.

Strong output growth in manufacturing in Q1

Norwegian manufacturing output saw a strong growth of 2.9 per cent in the first quarter of 2021 compared with the previous quarter, according to seasonally adjusted figures. The increase can particularly be related to high production level within food products.

Manufacturing turnover significantly up in the first quarter

Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing continued the positive development and increased by 6.7 per cent in the first quarter of 2021 compared with the fourth quarter of 2020. On a monthly basis, from February to March 2021 the manufacturing turnover increased by 1.1 per cent.

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