Fall 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 supplyAugust 2011



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Fall in turnover

Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing dropped by 1.4 per cent from June to August 2011 compared to the previous three-month period.

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

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

Turnover within several export oriented industries fell in the last three-month period. Among these were refined petroleum, chemicals and pharmaceuticals with a 10.7 per cent decrease. Lower production volume and reduced turnover within the Norwegian solar cell industry has contributed to this decline. Additionally, a negative price development within the chemical and pharmaceutical industry has pushed this downturn even further. See the Producer price index . Basic metals were down 3.5 per cent as a result of both diminished production and continued price falls since March this year.

Among the industries with increased turnover in the same period were fabricated metal products, up 5.4 per cent, also the grouping repair, installation of machinery went up by 10 per cent. This was mainly because these industries have seen an increase in new orders. See statistics on new orders 2nd quarter 2011 .

Unchanged turnover from July to August 2011

Seasonally-adjusted figures showed that the turnover in Norwegian manufacturing was nearly unchanged from July to August this year. However, there were significant development differences within the industries. While building of ships, boats and oil platforms dropped by 8.1 per cent, food products and beverages went up by 6.2 per cent. This last grouping has seen both price boosts and higher production levels, see the Index of production .

Increase from August 2010

Unadjusted figures showed that the total manufacturing turnover went up 5.1 per cent since the same month last year. The export market went up by 18 per cent, while the home market fell by 2.3 per cent.

The biggest positive change since last year had fabricated metal products with a 17.3 per cent increase, and refined petroleum, chemicals and pharmaceuticals went up 16.6 per cent.

Building ships, boats and oil platforms experienced a fall in turnover of 36.1 per cent in the same period.

Norway and the euro area

Unadjusted figures show that the Norwegian manufacturing turnover fell 2.9 per cent from July 2010 to July 2011. Manufacturing turnover in the euro area went up 7.5 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. August 2011
  Original series.1
January-August 2011
Changes in per cent.
January-August 2010-
January-August 2011
Original series.1
August 2011
Changes in per cent.
August 2010-
August 2011
Changes in per cent.
Seasonally adjusted.
March 2011-May 2011-
June 2011-August 2011
The overall turnover 1 027 034 7.7  128 285 18.3 -0.3
Extraction and related services  432 603 18.7 55 227 41.1 1.3
Manufacturing, mining and quarrying  494 701 0.6 64 173 5.3 -1.5
Domestic market  289 265 -5.4 37 823 -2.2 -1.6
Export market  205 433 10.4 26 350 18.1 2.3
Electricity, Gas and Steam Supply 99 729 2.4 8 884 6.3 -4.5
Main industrial groupings          
Intermediate goods  240 445 12.6 32 613 13.6 1.8
Capital goods  126 108 -15.7 14 536 -13.6 -3.4
Consumer goods  122 561 -0.2 16 694 7.7 -0.3
Energy goods  537 917 14.9 64 441 35.9 -4.9
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. We normally compare the latest non-overlapping three-month periods (for instance March to April 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 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.



Published tables