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54226
Increase in industrial turnover
statistikk
2011-12-07T10:00:00.000Z
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
false

Turnover in oil and gas, manufacturing, mining and electricity supply, October 2011

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Increase in industrial turnover

Seasonally-adjusted figures showed that the turnover in Norwegian manufacturing increased by 1.7 per cent from August to October 2011 compared to the previous three-month period.

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

Among industries with increased turnover were machinery and equipment, with an 11.6 per cent increase. Repair, installation of machinery went up by 1.8 per cent. Both industries experienced higher production volumes in this period. See the index of production . In addition, food products and beverages went up by 4.3 per cent.

Conversely, industries with reduced turnover were basic metals and basic chemicals, dropping by 3.5 and 8.7 per cent, respectively. Falling demand within their respective markets is the main reason behind this drop.

Increase in turnover from September to October

Seasonally-adjusted figures showed an increase in Norwegian manufacturing turnover by 2.5 per cent from September to October this year. Important contributors to this result were repair, installation of machinery, up 35.2 per cent, followed by refined petroleum, chemicals and pharmaceuticals with an increase of 9.6 per cent. Deliveries within building of ships, boats and oil platforms ensured a rise in turnover by 5.2 per cent for this last industrial grouping.

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

Increase from October 2010 to October 2011

Unadjusted figures showed an increase of 1.3 per cent in total manufacturing turnover in October 2011 compared to October 2010. This is partly due to an increased turnover within refined petroleum, chemicals and pharmaceuticals by 13.1 per cent. This industry showed a significant boost in turnover within the export market. Computer and electrical equipment went also up, by 6.2 per cent.

Among industries with reduced turnover was building of ships, boats and oil platforms, with a drop of 22.3 per cent compared with October 2010.

Statistics on turnover of oil and gas extraction, mining and quarrying, manufacturing, electricity and gas supply. October 2011
 
  Original series.1
January-October 2011		 Changes in per cent.
January-October 2010-
January-October 2011		 Original series.1
October 2011		 Changes in per cent.
October 2010-October 2011		 Changes in per cent.
Seasonally adjusted.
May 2011-July 2011-
August 2011-October 2011
 
The overall turnover 1 296 899 8.0  134 695 6.3 3.3
           
Extraction and related services  541 544 19.5 53 646 16.7 9.0
Manufacturing, mining and quarrying  634 953 1.0 69 981 1.0 1.7
Domestic market  376 229 -4.7 45 150 -1.5 3.2
Export market  258 723 10.7 24 831 5.8 0.1
Electricity, Gas and Steam Supply  120 401 1.0 11 068 -3.3 -8.7
           
Main industrial groupings          
Intermediate goods  306 358 11.4 32 077 6.9 -1.3
Capital goods  162 218 -14.2 18 366 -6.0 2.9
Consumer goods  159 376 -3.0 18 403 -0.5 2.0
Energy goods  668 946 15.9 65 849 12.2 8.8
 
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 May to July compared with August to October).

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.

Tables

Published tables