The index value for turnover in manufacturing was 172.1 (2005=100) in the period May to July 2021 compared to 167.5 in the previous three-month period according to In order to facilitate the interpretation of the short-term development, statistics on turnover publish three-month moving averages of the seasonally-adjusted figures. We normally compare the latest non-overlapping three-month periods. Seasonally-adjusted monthly changes must be interpreted with caution.. The turnover in manufacturing fell considerably during the first 6-month period last year, but is recovering and the turnover is now at a higher level than before the onset of the Corona epidemic.

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

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

Three-month change: food products increases manufacturing turnover

Total Norwegian manufacturing turnover increased by 2.7 per cent from May to July 2021 compared to the previous three-month period. A considerable rise in prices of industrial goods was an important factor to this growth.

Fabricated metal products and food, beverages and tobacco industry contributed the most to the increase in manufacturing turnover with an increase of 19.8 and 4.0 per cent respectively.

Monthly change: increased manufacturing in July

Seasonally-adjusted figures show that the turnover in Norwegian manufacturing increased by 2.4 per cent from June to July 2021 according to seasonally-adjusted figures.

The industry food products and beverages contributed the most to the positive development in manufacturing turnover with its increase of 9.4 per cent. The increase is related to higher prices and export volume for fish due to a global rise in demand. See also external trade in goods for further details.

Decreased turnover in the industry repair and installation of machinery contributed the most to curbing the decrease in manufacturing turnover.

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

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

Monthly change: increase in manufacturing turnover in the euro area in June 2021

Manufacturing turnover in the euro area increased by 0.9 percent from May to June 2021, according to seasonally-adjusted figures. Total Norwegian manufacturing turnover increased by 1.5 percent in the same period. In the other Scandinavian countries, the turnover in Denmark decreased by 3.4 per cent while the turnover in Sweden increased by 3.3 per cent, according to Eurostat.

Thursday 12th of March 2020 the Norwegian government introduced actions against the spreading of the Corona-virus in Norway. Several manufacturing establishment have been affected by these measures, and this has led to a change in the activity pattern compared to what we usually observe. Hence, the seasonal adjustment routine during the Corona- crisis is done in such a way that the figures during the crisis (from March), are not included in the basis for the calculation of the seasonal pattern. Technically, in the seasonal adjustment routine this is done by specifying March and the following months as outliers.

This implies that normal trend figures will not be calculated, and instead the trend will follow the seasonal adjusted figures. One important exception is the last observation, where the trend will be an extrapolated figure where the last observation is not included. The trend figures from, and including, March 2020 will therefore be difficult to interpret.

The seasonal adjustment routine of Statics Norway is in line with the recommendations of Eurostat.