Manufacturing, mining and quarrying

Norwegian industrial managers report a moderate decline in production in manufacturing in the 1st quarter. New orders for the domestic market fell while it increased for the export market. The general expectations for the 2nd quarter of 2024 are moderate positive for producers of capital goods and consumer goods, while most of the producers of intermediate goods expect the development to be unchanged.

Total investments in oil and gas activity in 2024, including pipeline transportation, are estimated at NOK 244 billion, which is 5 per cent higher than estimated in the previous quarter.

Final investments for 2023 covering oil and gas, manufacturing, mining and quarrying and electricity supply increased sharply compared to 2022. It is particularly the investments in oil and gas industry that contribute to this strong increase.

Norwegian industrial managers report a moderate decline in production in manufacturing in the 4th quarter. New orders fell for both the domestic market and the export market. The general expectations for the 1st quarter of 2024 are moderate positive for producers of capital goods, while the majority of producers of intermediate goods and consumer goods expect a negative development.

The latest investment estimates from companies within oil and gas, manufacturing, mining and quarrying and electricity supply indicate a strong growth in 2023. Although it is the growth in oil investments that is most important for the overall increase, investments in industry are at a record high level.

Total investments in oil and gas activity in 2024, including pipeline transportation, are estimated at NOK 232 billion. This is NOK 25.3 billion more than estimated in the previous quarter. The estimate for 2023 is now NOK 216 billion.

Norwegian industrial managers report a moderate decline in production in manufacturing in the 3rd quarter. New orders fell for both the domestic market and the export market. The general expectations for the 4th quarter of 2023 are positive for producers of capital goods, while the majority of producers of intermediate goods expect a negative development.

Total investments in oil and gas activity in 2023, including pipeline transportation, are estimated at NOK 213 billion, which is 7.8 per cent higher than estimated in the previous quarter.

The companies’ latest investment estimates for 2023 indicate a strong growth within oil and gas, manufacturing, mining and quarrying and electricity supply. It is the oil and gas investments that contribute to the growth, as well as an increase in the manufacturing investments.

Norwegian industrial managers report a decline in production in manufacturing in the 2nd quarter. New orders fell for both the domestic market and the export market. The general expectations for the 3rd quarter of 2023 are positive for producers of capital goods, while a negative development is expected for producers of intermediate goods and consumer goods.

Total investments in oil and gas activity in 2023, including pipeline transportation, are estimated at NOK 197.8 billion, which is 5.3 per cent higher than estimated in the previous quarter.

Companies’ latest investment estimates for 2023 within oil and gas, manufacturing, mining and quarrying and electricity supply indicate a sharp increase in 2023. Early estimates indicate that the growth will continue in 2024 as well. It is oil and gas that contribute most to the growth both in 2023 and 2024.

Norwegian industrial managers report unchanged production in manufacturing in the 1st quarter. New orders fell for the domestic market, while it was unchanged for the export market. The general expectations for the 2nd quarter of 2023 are positive for producers of capital goods, while a negative development is expected for producers of intermediate goods and consumer goods.

Norwegian manufacturing output had an increase of 0.9 per cent in January 2023 compared to December 2022, according to seasonally adjusted figures. For the period November 2022-January 2023 there was a moderate fall of 0.3 per cent, according to seasonally adjusted figures.

Total investments in oil and gas activity in 2023, including pipeline transportation, are estimated at NOK 187.8 billion, which is as much as 26 per cent higher than estimated in the previous quarter.

Final investments for 2022 covering oil and gas, manufacturing, mining and quarrying and electricity supply was almost unchanged compared with 2021. While investment in manufacturing increased sharply, there was a significant drop in electricity supply. The latest estimates for 2023 suggest a sharp increase in overall investment.

Norwegian manufacturing output had a decrease of 0.3 per cent in the fourth quarter of 2022 compared to the previous quarter, according to seasonally adjusted figures. The decrease can particularly be related to a decrease within the industry for food products.

Norwegian industrial managers report unchanged production in manufacturing in the 4th quarter. Industrial leaders report a decrease in new orders and the general expectations for the 1th quarter of 2023 are negative among most of the industrial leaders. Throughout, it is producers of intermediate goods who report the weakest development, while producers of capital goods report a positive development.

Norwegian manufacturing output had an decrease of 0.5 per cent from October to November 2022, according to seasonally adjusted figures. For the period September- November 2022 there was an increase of 0.7 per cent, according to seasonally adjusted figures.

Norwegian manufacturing output had an increase of 0.3 per cent from September to October 2022, according to seasonally adjusted figures. For the period August-October 2022 there was an increase of 0.8 per cent, according to seasonally adjusted figures.

Total investments in oil and gas activity in 2023, including pipeline transportation, are estimated at NOK 149.7 billion. This is NOK 14.4 billion more than estimated in the previous quarter. The estimate for 2022 is now NOK 175.3 billion.

The latest investment estimates from companies within oil and gas, manufacturing, mining and quarrying and electricity supply show a decline in 2022. Lower investments within the oil and gas industry contribute negatively, while manufacturing reports high investments. For manufacturing, the growth continues in 2023.

Norwegian manufacturing output had an increase of 0.4 per cent in the third quarter of 2022 compared to the previous quarter, according to seasonally adjusted figures. The increase can particularly be related to growth within the industry grouping refined petroleum, chemicals and pharmaceuticals.

Norwegian industrial managers are reporting an increase in production and employment in manufacturing in the 3rd quarter, but growth is lower than in the previous quarter. Industrial managers report a decrease in new orders and the general expectations for the 4th quarter of 2022 are negative among most of the industrial leaders. At the same time, it is still a high proportion of the managers who report low profitability and high price growth of input factors

Norwegian manufacturing output had a decrease of 1.0 per cent from July to August 2022, according to seasonally adjusted figures. For the period June-August 2022 there was a decrease of 0.2 per cent, according to seasonally adjusted figures.

Norwegian manufacturing output had a growth of 1.4 per cent from June to July 2022, according to seasonally adjusted figures. For the period May-July 2022 there was a decrease of 0.5 per cent, according to seasonally adjusted figures.

Total investments in oil and gas activity in 2022, including pipeline transportation, are estimated at NOK 173.8 billion. This is 3.3 per cent higher than the estimate given in the previous survey. Compared with the corresponding figure for 2021, a decrease of 4.8 per cent is now expected.

The companies’ latest investment estimates for 2022 indicate a decline within oil and gas, manufacturing, mining and quarrying and electricity supply. It is the oil investments and power supply that pull the figures down, while the industry reports clearly higher investments.

Norwegian manufacturing output had a moderate decline of 0.5 per cent in the second quarter of 2022 compared with the previous quarter, according to seasonally adjusted figures. The decrease can particularly be related to low production levels within basic chemicals.

Norwegian industrial managers are reporting an increase in production and growth in prices and in the total stock of order in the 2nd quarter. The general expectations for the 3rd quarter of 2022 are positive among most of the industrial leaders, but the proportion positive is less than it was in the previous survey. At the same time, it is still a high proportion of the managers who report problems related to a shortage of raw materials and price increment.

Norwegian manufacturing output saw a decline of 2.2 per cent from April to May 2022, according to seasonally adjusted figures. For the period March-May 2022 there was an increase of 0.6 per cent, according to seasonally adjusted figures.

Norwegian manufacturing output saw a growth of 1.0 per cent from March to April 2022, according to seasonally adjusted figures. For the period February-April 2022 there was an increase of 0.8 per cent.

Companies’ latest investment estimates for 2022 within oil and gas, manufacturing, mining and quarrying and electricity supply give indications of a decline in 2022. Early estimates indicate that the decline will continue in 2023. Although total investment is expected to fall, a strong growth in manufacturing investment is expected for both years.

Total investments in oil and gas activity in 2022, including pipeline transportation, are estimated at NOK 167.2 billion, which is 4.8 per cent higher than estimated in the previous quarter.

Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing increased by 8.4 per cent in the first quarter of 2022 compared to the fourth quarter of 2021. On a monthly basis, from February to March 2022, the manufacturing turnover increased by 0.4 per cent.

Norwegian manufacturing output had a growth of 1.0 per cent in the first quarter of 2022 compared with the previous quarter, according to seasonally adjusted figures. The increase can particularly be related to high production levels within wood and wood products.

Norwegian industrial managers are reporting an increase in production and growth in prices and in the total stock of order in the 1st quarter. The general expectations for the 2nd quarter of 2022 are positive among most of the industrial leaders. Production and employment growth are also expected in the coming quarter. At the same time, a high proportion of the managers report problems related to a shortage of raw materials and price increment.

Norwegian manufacturing output saw a decrease of 2.1 per cent from January to February 2022. This decline comes after an increase of 3.3 per cent in the previous month. For the period December 2021-February 2022 there was a small decline of 0.4 per cent, according to seasonally adjusted figures.

Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing increased by 4,0 per cent in the period December 2021 to February 2022 compared to the previous three-months period. On a monthly basis, from January 2021 to February 2022, the manufacturing turnover increased by 4.8 per cent.

Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing increased by 3.0 per cent in the period November 2021 to January 2022 compared to the previous three-months period. On a monthly basis, from December 2021 to January 2022, the manufacturing turnover increased by 4.4 per cent.

Norwegian manufacturing output saw a clear increase of 3.3 per cent from December 2021 to January 2022. This growth comes after a decline of 1.6 per cent in the previous month. For the period November 2021-January 2022 there was a small decline of 0.4 per cent, according to seasonally adjusted figures.

Total investments in oil and gas activity in 2022, including pipeline transportation, are estimated at NOK 159.5 billion, which is 3.3 per cent higher than estimated in the previous quarter.

Final investments for 2021 covering oil and gas, manufacturing, mining and quarrying and electricity supply show a decrease of 3.7 per cent compared with 2020. This is mainly due to lower investments in electricity supply. The latest estimates for 2022 suggest an overall decline of 4.5 percent.

Norwegian manufacturing output saw a strong output increase of 3.2 per cent from 2020 to 2021. On a quarterly basis however, there was decline of 1 per cent from the third to the fourth quarter of 2021, according to seasonally adjusted figures.

Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing increased by 1.0 per cent from the third to the fourth quarter of 2021. On a monthly basis however, from November to December, the manufacturing turnover decreased by 1.6 per cent.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.