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Slight increase in manufacturing turnover
statistikk
2017-03-07T08:00:00.000Z
Energy and manufacturing;Energy and manufacturing
en
ogibkoms, Turnover in oil and gas, manufacturing, mining and electricity supply, industrial turnover, domestic market, export market, valueEnergy , Oil and gas , Manufacturing, mining and quarrying , Energy and manufacturing
true
Index of industrial turnover monitors sales in oil and gas, manufacturing, mining & electricity. Turnover in manufacturing increased by 0.4 per cent in the last three months.

Turnover in oil and gas, manufacturing, mining and electricity supply, January 2017

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Slight increase in manufacturing turnover

Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased by 0.4 per cent from November 2016 to January 2017 compared to the previous three-month period. A growth of 3.4 per cent is also recorded from December 2016 to January 2017.

Turnover. Percentage change and NOK millionPublished 7 March 2017
Seasonally adjustedCalendar adjusted1Unadjusted
Monthly changeThree-month changeTwelve-month changeNOK million
January 2017 / December 2016November 2016 - January 2017 / August 2016 - October 2016January 2017 / January 2016January 2017
1Adjusted for working-days and for public holidays in Norway.
Extraction, mining, manufacturing and elec3.98.310.6127 104
Extraction and related services4.519.326.352 285
Mining and quarrying3.7-5.627.1961
Manufacturing3.40.4-0.959 353
Food, beverages and tobacco-0.10.73.817 011
Refined petro., chemicals, pharmac.45.420.229.911 771
Basic metals1.83.78.85 135
Machinery and equipment6.4-22.8-37.03 165
Ships, boats and oil platforms7.0-0.4-25.03 468
Electricity, gas and steam1.611.813.214 505

Source: Statistics Norway

The index value for turnover in manufacturing was 135.7 (2005=100) in the period November 2016 to January 2017, compared to 135.2 in the previous three-month period, according to seasonally-adjusted figures. 

Three-month change: notable fall for machinery and equipment

Despite the slight change in total turnover, some of the industries showed significant increases or decreases. Seasonally-adjusted figures showed that machinery and equipment had a strong decrease of 23 per cent from November 2016 to January 2017, compared to the previous three-month period. Fabricated metal products and computer and electrical equipment edged down 5.1 per cent and 2.7 per cent respectively. 

On the contrary, the grouping refined petroleum products, and chemical and pharmaceutical products showed a prominent increase of 20 per cent, mainly as a result of a significant increase in January 2017. Moreover, a rise in the following industries helped to offset the downtrend in the total turnover in this period:

  • Basic metals
  • Repair, installation of machinery
  • Rubber, plastic and mineral products

Monthly change: notable rise in refined petroleum products, basic chemicals, and chemical and pharmaceutical products

Total Norwegian manufacturing turnover went up 3.4 per cent from December 2016 to January 2017, according to seasonally-adjusted figures. 

The largest increase was for the grouping refined petroleum products, and chemical and pharmaceutical products industry, growing by 45 per cent, as a result of increases in both production volume and prices of refined petroleum products. 

In the opposite direction, computer and electrical equipment and rubber, plastic and mineral products had a declining turnover of 6.2 and 4.0 per cent respectively in the same period. 

Monthly change: Norway and the euro area shows slight changes in December 2016

Norwegian manufacturing turnover went down 0.4 per cent from November to December 2016, according to seasonally-adjusted figures. Manufacturing turnover in the euro area showed an increase of 0.3 per cent. Among the Nordic countries, Denmark rose 8.5 per cent, and Sweden edged up 5.9 per cent, according to Eurostat.