Unchanged industrial 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 supplyJune 2012



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Unchanged industrial turnover

Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing had a slight fall of 0.5 per cent from the first quarter of 2012 to the second quarter the same year.

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

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

The grouping refined petroleum, chemicals and pharmaceutical fell by 5.9 per cent. This was mainly due to a price fall within refined petroleum products, see the Producer price index .

Among industries with increased turnover in the second quarter of 2012 were building of ships, boats and oil platforms, rising 15.5 per cent. Machinery and equipment rose as well, by 4.9 per cent. Higher production levels in both groupings in this period are the reason behind this development, see the index of production . Enhance in production levels are the result of high investment levels within the oil and gas sector.

Small decrease in turnover from May to June

Seasonally-adjusted figures showed that total Norwegian manufacturing turnover went down by 0.9 per cent from May to June 2012. Building of ships, boats and oil platforms had a significant drop in turnover, but this is mostly an adjustment from the very high turnover in May, when several large deliveries took place.

Industries with positive results were basic metals, up 8.4 per cent and fabricated metal products rising 5.8 per cent.

Increase from June 2011 to June 2012

Unadjusted figures showed an increase of 6.5 per cent in total manufacturing turnover in June 2012 compared to June 2011. Building of ships, boats and oil platforms had the largest growth in turnover, up 35.3 per cent. Also machinery and equipment increased, here by 23.9 per cent. This was followed by computer and electrical equipment, with an increase of 11.2 per cent.

Industries with reduced turnover were basic metals as well as the grouping repair, installation of machinery. Both went down by 5.9 per cent from June 2011 to June 2012.

Statistics on turnover of oil and gas extraction, mining and quarrying, manufacturing, electricity and gas supply. June 2012
  Original series.1
January-June 2012
Changes in per cent.
January-June 2011-
January-June 2012
Original series.1
June 2012
Changes in per cent.
June 2011-June 2012
Changes in per cent.
Seasonally adjusted.
January 2012-March 2012-
April 2012-June 2012
The overall turnover  845 959 9.1  131 046 8.0 -0.5
Extraction and related services  386 191 21.2 53 354 14.6 -3.2
Manufacturing, mining and quarrying  400 199 6.4 70 400 7.1 -0.2
Domestic market  239 994 8.6 43 977 11.1 -0.5
Export market  160 205 3.4 26 423 1.0 -2.0
Electricity, Gas and Steam Supply 59 568 -26.4 7 291 -19.2 6.0
Main industrial groupings          
Intermediate goods  189 165 4.9 35 196 6.1 -1.7
Capital goods  112 597 14.8 19 923 17.0 3.0
Consumer goods 96 037 3.5 16 509 4.0 -0.8
Energy goods  448 159 10.8 59 417 7.6 -2.7
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 January to March compared with April to June).

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.