Unchanged manufacturing turnover
Energy and manufacturing;Energy and manufacturing
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

Turnover in oil and gas, manufacturing, mining and electricity supplyFebruary 2010



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Unchanged manufacturing turnover

Seasonally adjusted figures show a slight decrease of 0.2 per cent in turnover in Norwegian manufacturing for the three-month period from December to February 2010.

Index of turnover for manufacturing January 2001-February 2010, 2005=100

Index of turnover for manufacturing. Seasonally adjusted. Three-month average 2001-2010

The turnover in Norwegian manufacturing fell by 1.7 per cent within the domestic market, while increased by 3.1 per cent in the export market according to seasonally adjusted figures. One of the major contributors to the fall in this last three-month period was machinery and equipment, which reduced its turnover by 5.4 per cent. This was mainly because of lower activity within the domestic market that showed a 14.1 per cent drop. This also applied to repair and installation of machinery, which went down by 8.5 per cent. Turnover of food products showed a total decline of 2.5 per cent, while dropping 4.5 per cent in the domestic market. One of the reasons for this development is the reduced activity within the slaughterhouse industry because of the particularly cold weather in January and February.

On the other hand, industries with increased turnover included refined petroleum, chemicals and pharmaceuticals, up by 7.7 per cent, and basic metals with a 7.8 per cent increase. A boost in production volume is one of the factors that explains this tendency in the last three-month period, (see the index of production ).

Moderate decrease in turnover from January to February

The turnover in Norwegian manufacturing fell by 0.3 per cent from January to February 2010, according to seasonally adjusted figures. This was mainly due to a strong fall of 12.7 per cent within building of ships, boats and oil platforms. In contrast, industries that buffered the fall were rubber, plastic and mineral products, up 5.8 per cent. In addition, basic metals rose by 3.7 per cent. For this last grouping, an increase in both price and volume was the major reason behind this positive output, (see producer price index ).

Decrease in turnover compared to February 2009

Unadjusted figures showed a 4.4 per cent fall in total turnover in February 2010 compared to February 2009. Building of ships, boats and oil platforms had the largest drop of 27.1 per cent, followed by both repair and installation of machinery with a fall of 19.2 per cent and machinery and equipment, down 10.2 per cent. These industrial groupings are strongly influenced by the decrease in new orders as a consequence of the falling demand within their markets.

Conversely, industries that showed strong results were refined petroleum, chemicals and pharmaceuticals and basic metals. Turnover within these industries rose by 14.4 and 7.3 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 6.8 per cent fall in Norwegian manufacturing turnover from January 2009 to January 2010. Manufacturing turnover in the Euro area went up 0.6 per cent in the same period, according to figures published by Eurostat .

Statistics on turnover of oil and gas extraction, mining and quarrying, manufacturing, electricity and gas supply. February 2010
  Original series.1
January-February 2010
Changes in per cent.
January-February 2009-
January-February 2010
Original series.1
February 2010
Changes in per cent.
February 2009-
February 2010
Changes in per cent.
Seasonally adjusted.
September 2009-November 2009-
Desember 2009-February 2010
The overall turnover  240 248 -1.0  122 364 4.2 6.1
Extraction and related services 92 672 -4.4 47 331 2.1 3.3
Manufacturing, mining and quarrying  114 985 -5.4 58 129 -4.3 -0.2
Domestic market 70 224 -8.8 35 887 -5.9 -1.7
Export market 44 761 0.4 22 242 -1.5 2.6
Electricity, Gas and Steam Supply 32 590 34.8 16 903 63.0 66.1
Main industrial groupings          
Intermediate goods 46 758 -2.9 23 662 -0.9 1.9
Capital goods 36 093 -14.5 18 172 -15.7 -3.5
Consumer goods 30 266 -3.5 15 533 -1.7 -1.5
Energy goods  127 131 5.1 64 997 15.6 13.0
1  NOK million.

Seasonally adjusted three-month moving average

Seasonally adjusted three-month moving average for all series is now available in StatBank. Three-month moving average is used to minimise the effect of random variation in monthly figures in order to give a better description of current economic trends. The three-month moving average index number is the average of the three previous monthly index numbers. For example: three-month moving average for February is the average monthly index numbers for February, January and December.



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