Turnover in oil and gas, manufacturing, mining and electricity supply, January 2010

The industry related to building of ships, boats and oil platforms contributed with a 14.7 per cent increase. Several deliveries of large projects from November 2009 to January 2010 ensured an increase in turnover despite the strong drop in both stocks and new orders in manufacturing (see Statistics of new orders ). Refined petroleum, chemicals and pharmaceuticals went up by 9.2 per cent, while basic metals increased by 2.1 per cent. The increase within these industries can be explained by the increase in production volume in the last three-month period (see the index of production ).

Conversely, industries that had a fall in turnover included machinery and equipment and repair and installation of machinery, down 2.8 and 2.3 respectively. Computer and electrical equipment also went down, showing a 4.5 per cent decrease.

Moderate decrease in turnover from December 2009 to January 2010

The total turnover in Norwegian manufacturing dropped 0.6 per cent from December 2009 to January 2010, according to seasonally adjusted figures. The largest fall was within repair and installation of machinery, down 18.4 per cent. Rubber, plastics and mineral products, which produce mainly for the building and construction industry, showed a reduction in production volume of 9.5 per cent (see producer price index ). This reduction is mainly due to the particularly cold weather in January. As a result, the turnover for this group fell to 8.0 per cent. In addition, fabricated metal products had a drop of 5.8 per cent in turnover last month.

Decrease in turnover compared to January 2009

Unadjusted figures show a 4.2 per cent fall in total turnover in January 2010 compared to January 2009. Repair and installation of machinery had the strongest drop of 21.0 per cent, followed by machinery and equipment with a fall of 18.6 per cent. Both industrial groupings are strongly influenced by the decreased in new orders as a consequence of the falling demand within their markets.

Among industrial groupings that buffered the fall, were refined petroleum, chemicals and pharmaceuticals and basic metals with a rise of 5.4 and 6.4 per cent respectively. An increase in production volume can partially explain the result within these industries.

Norway and the Euro area

Unadjusted figures show that there was a 0.3 per cent increase in Norwegian manufacturing turnover from December 2008 to December 2009. Manufacturing turnover in the Euro area dropped 3.0 per cent in the same period, according to figures published by Eurostat .

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