Turnover is still growing
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 supplyAugust 2012



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Turnover is still growing

Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased by 0.8 per cent from June to August 2012 compared to the previous three-month period.

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

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

Turnover within computer and electrical equipment increased by 4.7 per cent in this period, mainly due to a 13.6 per cent growth in turnover within the export market. Building of ships, boats and oil platforms went up by 1.4 per cent. Meanwhile, basic chemicals grew 17.6 per cent after an extensive revision stop at several installations in the preceding months. See index of production

Among industries with a fall in turnover were the grouping rubber, plastic and minerals, down 5.6 per cent. Non-ferrous metals fell by 2.3 per cent.

Unchanged turnover from July to August

Seasonally-adjusted figures showed that total Norwegian manufacturing turnover went up by 0.1 per cent from July to August 2012. The grouping refined petroleum, chemicals and pharmaceutical went up 2.7. This was partially due to higher prices within refined petroleum products and growth in turnover within basic chemicals.

On the other hand, industries with lower results included basic metals, falling 1.9 per cent. This was a result of a weaker international market and lower prices (see producer price index ). Paper and paper products also had a downturn, by 8.5 per cent. The fall within building of ships, boats and oil platforms from July to August is related to fewer large deliveries compared to the previous period.

Machinery and equipment growing strong

Unadjusted figures showed an increase of 5.8 per cent in total manufacturing turnover in August 2012 compared to August 2011. The largest growth in turnover was for machinery and equipment, up by a solid 26 per cent. This came as a result of higher volume and prices within this industry. Building of ships, boats and oil platforms went up by 23.5 per cent, followed by refined petroleum, chemicals and pharmaceuticals, up 15.3 per cent. The Producer price index showed that prices within refined petroleum products went up by 11.8 per cent in this period and contributed to a higher turnover for this grouping.

Industries with reduced turnover were basic metals, falling by 14 per cent compared to August 2011. Paper and paper products also fell, by 8.2 per cent.

Statistics on turnover of oil and gas extraction, mining and quarrying, manufacturing, electricity and gas supply. August 2012
  Original series.1
January-August 2012
Changes in per cent.
January-August 2011-
January-August 2012
Original series.1
August 2012
Changes in per cent.
August 2011-August 2012
Changes in per cent.
Seasonally adjusted.
March 2012-May 2012-
June 2012-August 2012
The overall turnover 1 102 553 7.4  133 342 4.3 -2.1
Extraction and related services  503 960 16.6 59 418 8.0 -4.7
Manufacturing, mining and quarrying  525 910 6.4 66 864 4.8 0.2
Domestic market  316 376 9.6 41 633 11.3 2.2
Export market  209 534 2.0 25 231 -4.4 -1.5
Electricity, Gas and Steam Supply 72 685 -27.2 7 060 -22.0 -0.4
Main industrial groupings          
Intermediate goods  251 203 4.6 33 692 4.0 1.7
Capital goods  145 611 15.5 16 392 12.5 0.5
Consumer goods  126 444 3.5 16 581 1.8 -0.6
Energy goods  579 296 7.7 66 676 3.2 -6.9
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. A comparison is normally made between the latest non-overlapping three-month periods (for instance March to May compared with June to August).

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.