This is an archived release.
Decline in manufacturing turnover in 2009
Norwegian manufacturing went down by 7.3 per cent in 2009 compared to 2008. Turnover within the export market was strongly reduced by 16.1 per cent in the same period, while the home market showed a moderate decrease of 1.7 per cent.
Despite manufacturing turnover showing positive results since September 2009, the figures for 2009 were lower than 2008 for the majority of the industrial groupings. This development can be partially explained by reduced production volume ( Index of production ) as a result of diminished demand, especially for export orientated groupings. The Producer price index showed an increase in price levels for the manufacturing industry of 0.1 per cent from 2008 to 2009 ( Producer price index ). This is clearly lower than previous years. It is important to mention that both 2007 and 2008 marked record high turnover for industrial manufacturing, and that the figures for 2009 are still at a relatively high level, historically.
Basic metals fall
The strongest fall was within basic metals, down 34.0 per cent from 2008 to 2009. Lower demand because of the financial crisis resulted in lower prices and a full stop on production in some factories.
Nevertheless, this industrial grouping has shown positive results since September 2009 according to the seasonally-adjusted figures.
Refined petroleum, chemicals and pharmaceuticals
The industries related to refined petroleum, chemicals and pharmaceuticals also reduced its turnover in 2009, down 20.6 per cent. This can be explained by lower demand within the export market. The production volume was strongly reduced in the first half of the year due to the fall in demand. As a consequence, prices were also reduced from 2008 to 2009, by 7.1 per cent. ( Index of production ). Conversely, turnover for this grouping improved in the second half of 2009.
Among industrial groupings that buffered the fall, was machinery and equipment, up 12.5 per cent. This increase came mainly from the home market. This also applied to turnover of food products, which went up by 8.6 per cent with an increase of 9.1 per cent within the home market.
Positive development in fourth quarter 2009
Seasonally-adjusted figures showed that industrial turnover rose by 2.1 per cent from the 3rd to 4th quarter in 2009. The strongest contributors were refined petroleum, chemicals and pharmaceuticals and basic metals by 9.9 and 2.5 per cent respectively. In addition, the industry related to building ships and platforms went up by 9.7 per cent. This was due to the delivery of large projects.
Norway and the Euro area
Unadjusted figures show that there was a 1.8 per cent fall in Norwegian manufacturing turnover from November 2008 to November 2009. Manufacturing turnover in the Euro area dropped 6.5 per cent in the same period, according to figures published by Eurostat .
|Original series.1January-December 2009||Changes in per cent. January-December 2008-January-December 2009||Original series.1December 2009||Changes in per cent. December 2008-December 2009||Changes in per cent. Seasonally adjusted. July 2009-September 2009-October 2009-December 2009|
|The overall turnover||1 408 201||-13.2||126 555||0.2||3.6|
|Extraction and related services||531 361||-20.6||47 093||2.0||4.6|
|Manufacturing, mining and quarrying||769 788||-7.4||66 026||-0.1||1.9|
|Domestic market||497 467||-1.7||43 842||0.5||2.3|
|Export market||272 320||-16.3||22 184||-1.3||1.7|
|Electricity, Gas and Steam Supply||107 054||-12.2||13 437||-4.8||7.1|
|Main industrial groupings|
|Intermediate goods||306 404||-8.7||25 586||3.4||1.2|
|Capital goods||260 093||2.5||23 342||-5.1||1.6|
|Consumer goods||199 152||0.5||16 753||-||-0.7|
|Energy goods||642 554||-23.0||60 875||1.0||6.6|
Documentation on seasonal adjustment
Statistics Norway has developed general and survey specific documentation on seasonal adjustment practices. The documentation is based on the European Statistical System (ESS): Guidelines on seasonal adjustment . This documentation clarifies the seasonal adjustment practices in use in Statistics Norway, and simplifies a comparison between surveys. Different quality measures are also published in the survey specific documentation. The survey specific documentation is available in the left margin under About seasonal adjustment . The general documentation is available under: http://www.ssb.no/english/metadata/methods/seasonal_adjustment.pdf
Find detailed figures from Turnover in oil and gas, manufacturing, mining and electricity supply