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84810
Growth in turnover
statistikk
2012-04-11T10:00:00.000Z
Energy and manufacturing;Energy and manufacturing
en
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
false

Turnover in oil and gas, manufacturing, mining and electricity supply, February 2012

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Growth in turnover

Turnover in Norwegian manufacturing increased by 3.2 per cent from December to February 2012 compared to the previous three-month period, according to seasonally-adjusted figures.

Index of turnover for manufacturing January 2003-February 2012, 2005=100

Selected industries. Seasonally adjusted. Three-month moving average 2005-2012.

This was due to a 5.2 per cent increase in turnover within the domestic market. Figures within the export market were nearly unchanged. Industries with a strong increase in turnover included repair, installation of machinery, up 23.9 per cent. Building of ship and oil platforms also went up, by 19.4 per cent. Meanwhile refined petroleum, chemicals and pharmaceutical went up by 3.1 per cent. Despite the lower production volume within the latter grouping, higher prices resulted in increased turnover.

Among industries with a reduced turnover were basic metals, falling by 1.7 per cent due a lower production volume.

Unchanged turnover from January to February

Seasonally-adjusted figures showed that total Norwegian manufacturing turnover was almost unchanged from January to February. Repair and installation of machinery increased by 4.2 per cent. While fabricated metal products grew 2.5 per cent. Conversely, computer and electrical equipment dropped 5.1 per cent.

Increase from February 2011 to February 2012

Unadjusted figures showed an increase of 8.5 per cent in total manufacturing turnover in February 2012 compared to February 2011. Both the domestic and the export market grew in turnover by 11.6 and 4.4 per cent respectively. Large contributors were fabricated metal products, up 22.3 per cent and food products by 8.1 per cent. This was followed by refined petroleum, chemicals and pharmaceutical, which increased by 5.8 per cent. This growth is mainly a result of higher prices in the last twelve-month period, see the Producer price index .

The opposite was the case for non-ferrous metals, where turnover fell by 9.6 per cent.

Statistics on turnover of oil and gas extraction, mining and quarrying, manufacturing, electricity and gas supply. February 2012
  Original series.1
January-February 2012 		Changes in per cent.
January-February 2011-
January-February 2012 		Original series.1
February 2012 		Changes in per cent.
February 2011-February 2012 		Changes in per cent.
Seasonally adjusted.
September 2011-November 2011-
Desember 2011-February 2012
The overall turnover  289 231 11.7  147 316 18.7 4.2
           
Extraction and related services  134 019 24.0 68 741 37.1 7.5
Manufacturing, mining and quarrying  127 938 8.7 64 653 9.0 3.3
Domestic market 75 671 9.3 38 685 12.2 5.2
Export market 52 266 7.9 25 968 4.5 -
Electricity, Gas and Steam Supply 27 274 -17.6 13 921 -4.9 8.9
           
Main industrial groupings          
Intermediate goods 59 284 7.9 29 530 6.8 1.6
Capital goods 35 625 16.9 18 360 21.4 11.4
Consumer goods 30 876 3.3 15 728 2.5 -0.8
Energy goods  163 445 13.8 83 697 26.8 8.9
1  NOK million.

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 September to November compared with December to February).

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 of large deliveries of capital goods can contribute to differences in the development in the index of production and the statistics on turnover.