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54214
Decline in manufacturing turnover
statistikk
2011-06-08T10:00:00.000Z
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, April 2011

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Decline in manufacturing turnover

The total turnover in Norwegian manufacturing went down 2 per cent from February to April 2011 compared to the previous three-month period, according to seasonally-adjusted figures.

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

Index of turnover for manufacturing. Seasonally adjusted. Three-month average 2002-2011

Turnover within the industry related to building ships, boats and oil platforms fell by 12.7 per cent in the last three-month period, according to seasonally-adjusted figures. Some of this decrease was due to the reclassification of several enterprises from manufacturing to service activities (see the first explanatory box below). Repair and installation of machinery and machinery and equipment reduced the turnover by 11.8 and 11.3 per cent respectively.

Among the industries with positive results in the same period were fabricated metal products, up 7.2 per cent, while rubber, plastic and mineral products went up by 4.3 per cent.

Increase in turnover from March to April 2011

Seasonally-adjusted figures showed that the turnover in Norwegian manufacturing went up by 2.1 from March to April this year. Building of ships, boats and oil platforms went up by 38.6 per cent, due to several large deliveries this month. Among the industries with a fall in turnover this month were transport equipment and furniture and manufacturing by 19.2 and 10.9 per cent respectively.

Small change in turnover from April 2010

Unadjusted figures showed that the total manufacturing turnover went up 0.2 per cent since the same month last year. This was due to an increase in the export market by 14.5 per cent, while the home market fell by 8 per cent.

The biggest positive change since last year had refined petroleum, chemicals and pharmaceuticals with an increase in turnover of 19.8 per cent and building ships, boats and oil platforms up 18.4 per cent.

Machinery and equipment experienced a fall in turnover of 33.9 per cent and repair and installation of machinery was down 22.7 per cent

Norway and the euro area

Unadjusted figures show that the Norwegian manufacturing turnover went down 2.8 per cent from March 2010 to March 2011. Manufacturing turnover in the euro area went up 11 per cent in the same period, according to figures published by Eurostat .

Statistics on turnover of oil and gas extraction, mining and quarrying, manufacturing, electricity and gas supply. April 2011
 
  Original series.1
January-April 2011		 Changes in per cent.
January-April 2010-
January-April 2011		 Original series.1
April 2011		 Changes in per cent.
April 2010-April 2011		 Changes in per cent.
Seasonally adjusted.
November 2010-January 2011-
February 2011-April 2011
 
The overall turnover  529 589 7.1  128 068 7.8 -3.6
           
Extraction and related services  224 910 17.8 57 703 19.3 -1.3
Manufacturing, mining and quarrying  244 489 0.6 59 510 0.4 -2.0
Domestic market  143 347 -3.5 34 803 -7.5 -6.0
Export market  101 141 7.0 24 707 14.1 2.1
Electricity, Gas and Steam Supply 60 191 -0.6 10 856 -3.0 -14.6
           
Main industrial groupings          
Intermediate goods  114 115 12.8 27 788 4.5 0.6
Capital goods 64 956 -15.6 15 957 -13.3 -7.5
Consumer goods 60 905 -1.4 14 389 2.0 -1.5
Energy goods  289 613 13.7 69 934 17.1 -3.5
 
1  NOK million.

From manufacturing to services in oil and gas extraction

As 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 into 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 is 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 October to December compared with January to March).

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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