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56433
Increase in manufacturing turnover
statistikk
2012-01-06T10:00:00.000Z
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, November 2011

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Increase in manufacturing turnover

Turnover in Norwegian manufacturing increased by 2.4 per cent from September to November 2011 compared to the previous three-month period of seasonally-adjusted figures. The home market went up by 4.9 per cent, while the export market fell by 1.7 per cent.

Selected industries. Seasonally adjusted. Three-month moving average 2005-2011

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

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

The strongest contribution came from building of ships, boats and oil platforms. Deliveries from several large projects ensured an increase of 23.3 per cent. Machinery and equipment grew by 9.4 per cent. Both industries showed an increased production volume in this period. Record high investments in the Norwegian oil and gas industry this year have contributed to lifting up the activity within these industries. See the index of production . Conversely, turnover downturn within export-oriented industries such as basic metals and basic chemicals attenuated this growth. Lower demand and falling prices continued to reduce the turnover within these industrial groupings even further. Turnover dropped 6.2 and 6.6 per cent respectively.

Decrease in turnover from October to November

Seasonally-adjusted figures showed that Norwegian manufacturing turnover fell by 2.6 per cent from October to November 2011. Dropping the most were computer and electrical equipment; down 8.6 per cent. This was due to diminished turnover from the home market. In addition, within basic metals as well as repair, installation of machinery, turnover was reduced by 5.4 and 4.0 per cent respectively.

Increase from November 2010 to November 2011

Unadjusted figures showed an increase of 1.0 per cent in total manufacturing turnover in November 2011 compared to November 2010. Industries with increased turnover included fabricated metal products, with a solid 24.3 per cent increase. Building of ships, boats and oil platforms had a 6.0 per cent increase. Meanwhile, food products went up by 5.7 per cent.

Statistics on turnover of oil and gas extraction, mining and quarrying, manufacturing, electricity and gas supply. November 2011
 
  Original series.1
January-November 2011		 Changes in per cent.
January-November 2010-
January-November 2011		 Original series.1
November 2011		 Changes in per cent.
November 2010-November 2011		 Changes in per cent.
Seasonally adjusted.
June 2011-August 2011-
September 2011-November 2011
 
The overall turnover 1 432 506 7.0  140 687 2.3 1.8
           
Extraction and related services  600 572 19.0 59 163 15.0 5.0
Manufacturing, mining and quarrying  706 476 0.9 72 469 1.1 2.4
Domestic market  419 953 -4.8 44 710 -2.9 5.1
Export market  286 522 10.4 27 759 8.2 -1.4
Electricity, Gas and Steam Supply  125 456 -6.1 9 055 -37.2 -25.6
           
Main industrial groupings          
Intermediate goods  338 770 10.8 32 671 6.8 -0.6
Capital goods  181 576 -13.3 19 714 -3.7 6.1
Consumer goods  177 830 -0.4 18 920 1.4 1.8
Energy goods  734 327 13.8 69 381 2.3 2.7
 
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 June to August compared with September to November).

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 of 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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