The index level for Norwegian manufacturing for the period August-October 2022 amounted to 119.2 (2005=100). The corresponding figure for the previous three-month period was 118.3. The long-term trend shows a slight increase in activity over the last few months (see figure 1).
Monthly change: increase within refined petroleum, chemicals and pharmaceuticals
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 had an increase of 0.3 per cent from September to October 2022. The industry grouping refined petroleum, chemicals and pharmaceuticals contributed the most to overall output growth with an increase in production of 4.4 per cent. There was also growth within repair and installation of machinery.
On the other hand, the overall output increase was dampened by a fall of 1.9 per cent within production of food products.