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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.
The index level for Norwegian manufacturing in the period February-April 2022 amounted to 119.5 (2005=100). The corresponding figure for the previous three-month period was 118.5. After a clear fall in February, the activity levels in the manufacturing sector has increased in March and April (see figure 1).
Figure 1. Production development in manufacturing. Seasonally adjusted and smoothed seasonally adjusted figures¹. 2005=100
Line chart with 2 lines.
The chart has 1 X axis displaying Month.
The chart has 1 Y axis displaying Index. Data ranges from 110.3 to 121.9.
Smoothed seasonally adjusted
Seasonally adjusted
End of interactive chart.
Figure 1. Production development in manufacturing. Seasonally adjusted and smoothed seasonally adjusted figures¹. 2005=100
Month
Smoothed seasonally adjusted
Seasonally adjusted
Jan. 2017
113.5
114.3
Feb. 2017
113.9
114.1
Mar. 2017
114.2
114
Apr. 2017
114.3
114.2
May. 2017
114.3
114.2
June. 2017
114.2
114.2
July. 2017
114.2
114.6
Aug. 2017
114.3
110.5
Sep. 2017
114.4
114
Oct. 2017
114.5
114.2
Nov. 2017
114.6
114.6
Dec. 2017
114.7
115.9
Jan. 2018
114.7
113.9
Feb. 2018
114.7
114.6
Mar. 2018
114.8
115
Apr. 2018
114.9
115.2
May. 2018
115.1
114.5
June. 2018
115.4
115.5
July. 2018
115.8
115.9
Aug. 2018
116.3
116.6
Sep. 2018
116.8
116
Oct. 2018
117.3
117.6
Nov. 2018
117.7
117.9
Dec. 2018
118.1
118.4
Jan. 2019
118.4
118.3
Feb. 2019
118.7
118.3
Mar. 2019
119
117.4
Apr. 2019
119.2
119.5
May. 2019
119.4
120
June. 2019
119.5
118.9
July. 2019
119.5
120.1
Aug. 2019
119.4
118.8
Sep. 2019
119.4
119.5
Oct. 2019
119.3
119.5
Nov. 2019
119.3
119.1
Dec. 2019
119.3
119.2
Jan. 2020
119.3
119.6
Feb. 2020
119.4
119.1
Mar. 2020
116.2
Apr. 2020
113
May. 2020
110.3
June. 2020
110.5
July. 2020
112.6
Aug. 2020
116.1
Sep. 2020
115.4
Oct. 2020
116.2
Nov. 2020
118
Dec. 2020
117.7
Jan. 2021
120.7
Feb. 2021
120.2
Mar. 2021
121.9
Apr. 2021
118.1
May. 2021
118.6
June. 2021
119.5
July. 2021
118.7
Aug. 2021
118.8
Sep. 2021
119.5
Oct. 2021
118.3
Nov. 2021
118.5
Dec. 2021
116.6
Jan. 2022
120.5
Feb. 2022
118
Mar. 2022
119.6
Apr. 2022
120.8
¹ March 2020 and the subsequent months are specified as outliers in the seasonal adjustment routine. Hence, the trend figures for 2020 are not included in the figure.
Monthly change: growth in repair and installation of machinery
According to In order to facilitate the interpretation of the short-term development, the index of production publishes 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., manufacturing output increased by 1.0 per cent from March to April 2022. Repair and installation of machinery contributed the most in the positive direction with an increase of 4.2 per cent. There was also growth within computer and electrical equipment. Many businesses within these industries reported of large projects and good market conditions in April.
On the other hand, food products had an output fall of 1.1 per cent.
Three-month change: moderate growth in manufacturing output
According to seasonally-adjusted figures, manufacturing output saw an increase of 0.8 per cent in the period February-April 2022 compared to the previous three-month period. Repair and installation of machinery had the largest weighted increase with a growth of 2.8 percent. On the other hand, basic chemicals saw a marked fall of 10.4 per cent in this three-month period.
Looking at the same period there was an increase in Analytical grouping covering the industries that deliver most of their goods and services to the oil and gas industry of 2.4 per cent.
Monthly change: output fall in the Euro area in March
Estimated figures from Eurostat, the EU’s statistical office, indicate that manufacturing output in the The euro area comprises the 19 European Union (EU) member states that have adopted the euro as their common currency. had a decline of 1.6 per cent from February to March 2022. In the same period, Norwegian manufacturing production grew by 1.4 per cent.
Sweden saw an increase of 1.7 per cent in the same period, while Denmark had a clear output growth of 5.2 per cent.
Figure 3. Index of production for manufacturing. Euro area and Norway (2015=100). Seasonally adjusted
Line chart with 2 lines.
The chart has 1 X axis displaying Month.
The chart has 1 Y axis displaying Index. Data ranges from 73.6 to 109.3.
Euro area
Norway
End of interactive chart.
Figure 3. Index of production for manufacturing. Euro area and Norway (2015=100). Seasonally adjusted
Three-month change: growth in the total production index
According to seasonally-adjusted figures, the total production index (PII) covering extraction, mining, manufacturing and electricity supply had an output increase of 2.2 per cent in the period February to April 2022 compared with the previous three-month period. Extraction of crude petroleum was unchanged, also unchanged was the extraction of natural gas. For more details about oil and gas extraction in this period, see the press release from The Norwegian Petroleum Directorate.
Within support activities for petroleum and natural gas extraction, there was an output increase of 1.6 per cent in this three-month period. In the same period, mining and quarrying saw a decline of 5.4 per cent, while production within Norwegian electricity fell by 3.1 per cent.
Figure 4. Production development. Seasonally adjusted. Three-month moving average¹. 2005=100
Line chart with 3 lines.
The chart has 1 X axis displaying Month.
The chart has 1 Y axis displaying Index. Data ranges from 62.8 to 125.4.
Manufacturing
Extraction, mining, manufacturing and elec.
Extraction and related services
End of interactive chart.
Figure 4. Production development. Seasonally adjusted. Three-month moving average¹. 2005=100
Month
Manufacturing
Extraction, mining, manufacturing and elec.
Extraction and related services
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
120.7
83.7
71.5
Feb. 2014
121.3
84.3
71.8
Mar. 2014
121.8
85.3
72.3
Apr. 2014
121.8
85.4
72.3
May. 2014
122.1
84.2
70.2
June. 2014
123
84
69.4
July. 2014
123.5
83.6
68.9
Aug. 2014
125.2
84.8
70.3
Sep. 2014
124.4
85.5
71.6
Oct. 2014
125.3
87
73.4
Nov. 2014
124.5
87.6
74.2
Dec. 2014
125.4
87.4
73.7
Jan. 2015
124.1
86.1
72.4
Feb. 2015
123.4
86.1
72.8
Mar. 2015
123.9
86.4
73
Apr. 2015
123.5
85.4
71.8
May. 2015
122.4
84.9
71.4
June. 2015
120.1
85
72.1
July. 2015
118.1
86.2
74.3
Aug. 2015
117.8
87.1
75.5
Sep. 2015
117.3
87.7
76.5
Oct. 2015
117.5
88
76.9
Nov. 2015
117.1
87.1
76
Dec. 2015
115.9
85.5
74.3
Jan. 2016
115.7
85.3
73.8
Feb. 2016
115.3
85.3
73.9
Mar. 2016
116.1
85.7
73.7
Apr. 2016
115.9
86.1
74.2
May. 2016
115.7
86.4
74.7
June. 2016
113.9
85.3
73.9
July. 2016
113.8
85
73.6
Aug. 2016
112.1
83.4
72
Sep. 2016
112
81.8
69.9
Oct. 2016
111.4
82.3
70.8
Nov. 2016
112.1
83.8
72.8
Dec. 2016
112.3
85.8
75.5
Jan. 2017
113.1
85.7
74.3
Feb. 2017
113.7
85.8
73.4
Mar. 2017
114.1
86.8
74
Apr. 2017
114.1
87.2
74.4
May. 2017
114.1
87.2
74.4
June. 2017
114.2
87.2
74
July. 2017
114.3
87
73.6
Aug. 2017
113.1
87.2
74.3
Sep. 2017
113
87.4
74.7
Oct. 2017
112.9
86.7
73.9
Nov. 2017
114.3
85.9
72.2
Dec. 2017
114.9
84.9
70.5
Jan. 2018
114.8
85.8
70.7
Feb. 2018
114.8
86.8
70.7
Mar. 2018
114.5
87.7
70.9
Apr. 2018
114.9
87.3
70.3
May. 2018
114.9
86.4
69.6
June. 2018
115.1
87.1
71.1
July. 2018
115.3
87.4
71.8
Aug. 2018
116
88.9
73.7
Sep. 2018
116.2
88.3
72.4
Oct. 2018
116.7
88.7
72.1
Nov. 2018
117.2
87.7
70.3
Dec. 2018
118
87.2
69.2
Jan. 2019
118.2
85.8
68.1
Feb. 2019
118.3
84.5
67.2
Mar. 2019
118
83.1
66.4
Apr. 2019
118.4
82.5
65.5
May. 2019
119
82.6
65.3
June. 2019
119.5
82.5
64.9
July. 2019
119.7
82.6
64.6
Aug. 2019
119.3
82.1
63.8
Sep. 2019
119.5
81.7
62.8
Oct. 2019
119.3
81.9
63.5
Nov. 2019
119.4
83.4
65.7
Dec. 2019
119.3
85.4
69.2
Jan. 2020
119.3
85.7
70.5
Feb. 2020
119.3
86
71.4
Mar. 2020
118.3
86.5
72.2
Apr. 2020
116.1
87.4
73.2
May. 2020
113.2
87.3
73.4
June. 2020
111.3
86.4
73
July. 2020
111.1
86.4
73.4
Aug. 2020
113.1
87.2
74.1
Sep. 2020
114.7
87.8
74.3
Oct. 2020
115.9
86.6
71.9
Nov. 2020
116.5
85.4
70.3
Dec. 2020
117.3
85.7
70
Jan. 2021
118.8
87.5
71.5
Feb. 2021
119.5
88.4
71.8
Mar. 2021
120.9
88.6
71.7
Apr. 2021
120.1
88.4
71.7
May. 2021
119.5
88.5
71.9
June. 2021
118.7
88.7
72.3
July. 2021
118.9
89
72.9
Aug. 2021
119
90.1
75.5
Sep. 2021
119
91.9
78.8
Oct. 2021
118.9
92
79.4
Nov. 2021
118.8
90.5
76.5
Dec. 2021
117.8
88.7
73.5
Jan. 2022
118.5
88.9
71.8
Feb. 2022
118.4
89.8
72
Mar. 2022
119.4
90.6
71.5
Apr. 2022
119.5
90.9
71.9
¹ The index value for period m is the average of period m, m-1 and m-2.
Thursday 12th of March 2020 the Norwegian government introduced actions against the spreading of the Corona-virus in Norway. Several manufacturing establishments 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 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.
It is important to be aware that the uncertainty for the calendar-adjusted and seasonally-adjusted indices for March and April is greater than normal due to the changed placing of Easter. This effect will also affect the seasonally-adjusted figures for the 1st and 2nd quarters. This is accounted for when adjusting for seasonal variations. However, it can still be difficult to adjust for all impacts.
The survey monitors the development in estimated and final investments within oil and gas activities, manufacturing, mining & quarrying and electricity supply.