Increase in 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 supplyJuly 2010



This is an archived release.

Go to latest release

Increase in manufacturing turnover

According to seasonally adjusted figures, the turnover in Norwegian manufacturing increased by 1.8 per cent from May to July 2010 compared to the previous three-month period.

Selected industries. Seasonally adjusted. Three-month average 2005-2010

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

Turnover increased within both the home and the export market. Several industries have reported increased turnover in the three-month period from May to July. Among the groupings with the strongest increase, was the industry related to wood and wood products, up 11 per cent. This was a result of a boost in new construction orders (see Statistics of Construction, new orders ). Rubber, plastic and mineral products increased by 9.4 per cent, followed by building of ships, boats and oil platforms - up 8.0 per cent. In addition, turnover within computer and electrical equipment went up by 1.8 per cent. All these three industrial groupings have been positively influenced by a higher production level (see the three-month period index of production ).

Among the industries with a decrease in their turnover, were refined petroleum, chemicals and pharmaceuticals, down 6.7 per cent. In addition, machinery and equipment together with repair and installation of machinery decreased by 5.9 and 2.8 per cent respectively.

Increase in turnover from June to July 2010

According to seasonally adjusted figures, the turnover within Norwegian manufacturing increased by 3.0 per cent from June to July this year. The strongest contributor to this result was building of ships, boats and oil platforms, with a 22.4 per cent increase. This was ensured by deliveries of large projects within July 2010.

On the other hand, turnover within basic metals dropped 3.4 per cent due to lower prices of non-ferrous metals (see producer price index ).

Increase from July 2009 to July 2010

Unadjusted figures show an increase of 2.5 per cent in total manufacturing turnover from July 2009 to July 2010. The domestic market went up by 6.0 per cent, while the export market fell by 2.5 per cent.

Lower growth than the Euro area

Unadjusted figures show that there was a 4.4 per cent increase in Norwegian manufacturing turnover from June 2009 to June 2010. Manufacturing turnover in the Euro area went up by 14.0 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. July 2010
  Original series.1
January-July 2010
Changes in per cent.
January-July 2009-
January-July 2010
Original series.1
July 2010
Changes in per cent.
July 2009-July 2010
Changes in per cent.
Seasonally adjusted.
February 2010-April 2010-
May 2010-July 2010
The overall turnover  845 059 4.4  109 525 2.4 -2.4
Extraction and related services  325 430 4.5 43 998 -2.1 -4.4
Manufacturing, mining and quarrying  430 625 -0.8 56 410 2.5 2.0
Domestic market  266 806 -3.8 34 475 5.9 5.7
Export market  163 821 4.4 21 935 -2.3 2.5
Electricity, Gas and Steam Supply 89 004 40.3 9 118 30.3 -14.2
Main industrial groupings          
Intermediate goods  184 530 7.2 24 816 9.8 5.4
Capital goods  132 890 -12.6 16 419 -6.2 0.2
Consumer goods  107 024 -3.1 13 968 -4.5 1.9
Energy goods  420 612 12.3 54 322 4.0 -9.2
1  NOK million.

Seasonally adjusted three-month moving average

The 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 July is the average monthly index numbers for May, June and July.



Published tables