Increase in 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 2012



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Increase in turnover

Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased by 0.9 per cent from May to July 2012 compared to the previous three-month period.

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

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

The largest contribution came from building of ships, boats and oil platforms with a 25.5 per cent increase. Several larger project deliveries took place within this period. Positive figures within these industries are mainly due to completed orders delivered to the oil and gas sector. See index of production . Computer and electrical equipment also went up, by 6.3 per cent. This was due to a 12.8 per cent increase in turnover within the export market.

Among industries with a fall in turnover were refined petroleum, chemicals and pharmaceuticals. This grouping fell 5.9 per cent in the three-month period mainly due to a price drop within refined petroleum products in May and June this year, see the Producer price index . This was also the case for basic metals. The industry as a whole showed a fall of 6.2 per cent. This grouping had a price fall in July, while non-ferrous metals had showed a negative price development since March this year.

Increase in turnover from June to July

Seasonally-adjusted figures showed that total Norwegian manufacturing turnover went up by 1.9 per cent from June to July 2012. The grouping refined petroleum, chemicals and pharmaceutical went up 17 per cent in July after a fall in June. This fall was due to a price fall within refined petroleum products, but in July prices within this industry went up again.

On the other hand, rubber and plastic products, and fabricated metal products went down by 7.5 and 9.9 per cent respectively.

Increase from July 2011 to July 2012

Unadjusted figures showed an increase of 8.6 per cent in total manufacturing turnover in July 2012 compared to July 2011. Most of the industries showed an increased turnover in this period. The largest growth in turnover was for building of ships, boats and oil platforms, up by a solid 50.9 per cent. This was followed by machinery and equipment, rising 21.2 per cent. Computer and electrical equipment rose by 12.8 per cent, while repair and installation of machinery had an 11.6 per cent increase. Food products contributed with a 12 per cent growth in turnover.

Industries with reduced turnover were basic metals and fabricated metal products, falling by 14.4 and 9.9 per cent respectively.

Statistics on turnover of oil and gas extraction, mining and quarrying, manufacturing, electricity and gas supply. July 2012
  Original series.1
January-July 2012
Changes in per cent.
January-July 2011-
January-July 2012
Original series.1
July 2012
Changes in per cent.
July 2011-July 2012
Changes in per cent.
Seasonally adjusted.
February 2012-April 2012-
May 2012-July 2012
The overall turnover  970 272 8.0  123 844 0.8 -0.1
Extraction and related services  444 790 17.9 58 491 -0.2 -1.5
Manufacturing, mining and quarrying  459 824 6.8 59 308 9.0 1.0
Domestic market  275 876 9.7 35 847 18.2 1.8
Export market  183 948 2.7 23 461 -2.5 -1.0
Electricity, Gas and Steam Supply 65 660 -27.7 6 046 -38.9 -2.6
Main industrial groupings          
Intermediate goods  218 279 5.0 29 157 5.8 1.4
Capital goods  129 091 15.8 16 072 19.9 5.1
Consumer goods  110 249 4.1 14 137 8.4 0.5
Energy goods  512 654 8.3 64 478 -6.4 -2.4
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. A comparison is normally made between the latest non-overlapping three-month periods (for instance February to April 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 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.