This is an archived release.
Decline in manufacturing turnover
The total turnover in Norwegian manufacturing went down 1.5 per cent from August to October 2010 compared to the previous three-month period, according to seasonally-adjusted figures. The fall was within both the home and export market.
Most of the industries showed lower turnover figures when considering figures with normal seasonal variations. Building of ships, boats and oil platforms contributed strongly to this downfall with a 6 per cent decrease. This fall has to be seen in relation to the particularly large deliveries in the previous three-month period. Turnover dropped 11 per cent within the industries related to refined petroleum, chemicals and pharmaceuticals. In addition, turnover for basic metals went down 1.8 per cent as a result of lower production volume, see the index of production .
Meanwhile, turnover for food products went up 1.2 per cent.
Interpretation of seasonally-adjusted figures
In order to facilitate the interpretation of the short-term development, statistics on turnover publishes three-month moving averages of the seasonally-adjusted figures. We normally compare the latest non-overlapping three-month periods (for instance August to October compared with May to July).
The relationship between production and turnover
The development in the turnover can be related to changes in both volume and prices in the different industries. Production to stocks and sales from stocks can also happen. Reporting during large deliveries of capital goods can contribute to differences in the development in the index of production and the statistics on turnover.
Turnover from September to October 2010
The turnover in Norwegian manufacturing went up by 3 per cent from September to October 2010, according to seasonally-adjusted figures. This increase is mainly due to the particularly lower turnover figures reported last month from the industry related to refined petroleum. These lower figures were a result of a planned shutdown. Another industry that contributed strongly to this result was building of ships, boats and oil platforms with a 17 per cent increase due to large deliveries this last month.
Almost unchanged turnover in October 2010 compared to October 2009
Unadjusted figures showed that the total manufacturing turnover was almost unchanged in October 2010 compared to October 2009. Among the industries with increased turnover were refined petroleum, chemicals and pharmaceuticals, up 19.6 per cent. In addition, basic metals went up 17.4 per cent. Both industries have experienced a strong price rise since October last year, see producer price index . The industry related to building of ships, boats and oil platforms increased its turnover by 4.9 per cent.
Industrial groupings with reduced turnover in this period included machinery and equipment, down 18.2 per cent and repair, installation of machinery with a 21.7 per cent fall.
Norway and the euro area
Unadjusted figures show that there was a 3.2 per cent decrease in Norwegian manufacturing turnover from September 2009 to September 2010. Manufacturing turnover in the euro area went up 9 per cent in the same period, according to figures published by Eurostat . These figures must be considered in relation to the fact that the decline in Norwegian industry was not as pronounced as in the countries in the EU, and had a different course due to differences in the structure of industry.
|Changes in per cent.
|Changes in per cent.
October 2009-October 2010
|Changes in per cent.
May 2010-July 2010-
August 2010 October 2010
|The overall turnover||1 200 930||3.7||126 075||2.6||-2.7|
|Extraction and related services||452 473||3.2||45 114||1.7||-4.4|
|Manufacturing, mining and quarrying||629 287||-1.0||69 553||0.1||-1.4|
|Domestic market||395 370||-3.5||45 994||2.9||-2.9|
|Export market||233 919||3.7||23 559||-5.0||-2.4|
|Electricity, Gas and Steam Supply||119 172||41.2||11 409||27.3||-7.4|
|Main industrial groupings|
|Intermediate goods||275 207||8.2||30 067||8.5||1.4|
|Capital goods||189 131||-11.8||19 557||-8.1||-2.5|
|Consumer goods||160 257||-2.2||18 663||-4.1||1.2|
|Energy goods||576 334||9.7||57 788||6.3||-6.7|
Find detailed figures from Turnover in oil and gas, manufacturing, mining and electricity supply