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54210
Increase in manufacturing turnover
statistikk
2011-04-07T10:00:00.000Z
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
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Turnover in oil and gas, manufacturing, mining and electricity supply, February 2011

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Increase in manufacturing turnover

The total turnover in Norwegian manufacturing went up 1.9 per cent from December 2010 to February 2011 compared to the previous three-month period, according to seasonally-adjusted figures.

Index of turnover for manufacturing. Seasonally adjusted. Three-month average 2002-2010

A strong increase in turnover of 21 per cent within the industry related to refined petroleum, chemicals and pharmaceutical contributed to the growth in total turnover in the last three-month period. This also applies to basic metals, with an increase of 12.4 per cent. The positive results within these industries were mainly due to higher prices, see the Producer price index .

The industry related to the building of ships, boats and oil platforms fell by 15.3 per cent. Machinery and equipment was down by 12.5 per cent, while the domestic and export market dropped by 16.6 and 5.2 respectively. Meanwhile repair, installation of machinery fell by 6.3 per cent in the same period.

Turnover from January to February 2011

Seasonally-adjusted figures showed that the turnover in Norwegian manufacturing went down by 1.4 per cent from January to February this year. Basic chemicals decreased its turnover by 5.7 per cent. This is partly related to temporary shutdowns, see the Index of production . In addition, machinery and equipment fell by 9.9 per cent.

Index of turnover for manufacturing January 2002-February 2011, 2005=100

Increased turnover from February 2010

Unadjusted figures showed that the total manufacturing turnover incremented by 3.2 per cent since the same month last year, mainly because of increased turnover within refined petroleum, chemicals and pharmaceutical by 22.4 per cent. Basic metals and fabricated metal products also contributed, up by 28.2 per cent and 5.4 per cent respectively. On the other hand, industries with reduced turnover included the building of ships, boats and oil platforms, down by 20.1 per cent and machinery and equiptment by 26.1 per cent. Turnover within food products remained almost unchanged in this period.

Norway and the euro area

Unadjusted figures show that Norwegian manufacturing turnover went up by 2.3 per cent from January 2010 to January 2011. Manufacturing turnover in the euro area went up 16.1 per cent in the same period, according to figures published by Eurostat . These figures must be considered in relation to the fact that the decline in Norwegian industry was not as pronounced as in the countries in the EU, and had a different course due to differences in the structure of industry.

Statistics on turnover of oil and gas extraction, mining and quarrying, manufacturing, electricity and gas supply. February 2011
 
  Original series.1
January-February 2011		    Changes in per cent.
January-February 2010-
January-February 2011		    Original series.1
February 2011		    Changes in per cent.
February 2010-
February 2011		    Changes in per cent.
Seasonally adjusted.
September 2010-November 2010-
December 2010 February 2011
 
The overall turnover  259 306 8.0  124 546 1.9 7.4
           
Extraction and related services  108 121 16.5 50 183 5.7 10.3
Manufacturing, mining and quarrying  118 152 3.0 59 797 3.4 1.9
Domestic market 70 435 2.6 35 656 4.0 -0.9
Export market 47 717 3.6 24 141 2.5 7.3
Electricity, Gas and Steam Supply 33 033 1.3 14 566 -14.0 20.3
           
Main industrial groupings          
Intermediate goods 54 891 17.2 27 614 16.3 5.5
Capital goods 30 920 -14.3 15 563 -14.2 -6.6
Consumer goods 29 974 -0.3 15 431 0.7 -0.2
Energy goods  143 521 12.9 65 937 1.4 15.1
 
1  NOK million.

From manufacturing to services in oil and gas extraction

From January 2011 several enterprises have been reclassified from manufacturing to service activities in oil and gas extraction in the Central register of establishments and enterprises. As a result, these establishments have been moved from manufacturing to extraction and related services in the statistics on turnover. These changes have also been incorporated in the population that is used to inflate the sample to total turnover in the various industries. Read more about the changes in the annual statistics for oil and gas activity .

Changes in population basis

Turnover from auxiliary enterprises and financial holding companies are excluded from the defined population for the monthly statistics on turnover. This is in accordance with forthcoming changes in the publication of annual manufacturing statistics.

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

 

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