Manufacturing turnover slightly up
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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 supplyApril 2012



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Manufacturing turnover slightly up

Turnover in Norwegian manufacturing increased by 1.5 per cent from February to April 2012 compared to the previous three-month period, according to seasonally-adjusted figures.

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

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

Machinery and equipment were among the largest contributors, with a 10.6 per cent increase in turnover. The industry has shown substantial growth in turnover since the 3rd quarter of 2011, see graph figure. This positive development is mainly due to an increase in production volume. Turnover within food products also went up by 3.3 per cent. This is a result of an increase in both price and production volume. See the Producer price index .

Among industries with reductions in turnover were building of ships and oil platforms, falling 13 per cent. This decrease is mostly due to large deliveries registered in the previous period. In addition, turnover within basic chemicals fell by 2.8 per cent as a result of the further decline in the Norwegian solar cell industry. See the index of production .

Small drop in turnover from March to April

Seasonally-adjusted figures showed that total Norwegian manufacturing turnover fell by 1 per cent from March to April 2012. Basic metals went down by 5.6 per cent. Both price and production volume were low in this period. Conversely, repair, installation of machinery went up 5.8 per cent.

Increase from April 2011 to April 2012

Unadjusted figures showed an increase of 1.2 per cent in total manufacturing turnover in April 2012 compared to April 2011. Turnover in the domestic market grew by 5.6 per cent, while dropping 4.9 per cent within the export market. The largest growth in turnover was for machinery and equipment, with a solid increase of 34.6 per cent. This was followed by repair and installation of machinery, up 25.9 per cent. The group rubber, plastic and mineral products was also up 11.5 per cent.

Industries with diminished turnover were basic chemicals and non-ferrous metals, down 23.1 and 16.1 per cent respectively.

Statistics on turnover of oil and gas extraction, mining and quarrying, manufacturing, electricity and gas supply. April 2012
  Original series.1
January-April 2012
Changes in per cent.
January-April 2011-
January-April 2012
Original series.1
April 2012
Changes in per cent.
April 2011-April 2012
Changes in per cent.
Seasonally adjusted.
November 2011-January 2012-
February 2012-April 2012
The overall turnover  571 554 7.9  130 994 2.1 2.3
Extraction and related services  267 252 18.8 61 397 6.2 4.7
Manufacturing, mining and quarrying  260 345 6.4 60 546 1.5 1.7
Domestic market  154 425 7.8 36 710 6.0 2.4
Export market  105 921 4.4 23 837 -4.6 -
Electricity, Gas and Steam Supply 43 957 -27.0 9 051 -16.8 1.4
Main industrial groupings          
Intermediate goods  121 089 6.0 27 879 -0.1 1.8
Capital goods 72 034 10.9 16 703 4.8 -0.1
Consumer goods 63 258 3.6 13 990 -3.8 2.7
Energy goods  315 174 8.8 72 422 3.5 5.5
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 November to January compared with February to April).

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