Manufacturing turnover went up
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 supplyJanuary 2012



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Manufacturing turnover went up

Turnover in Norwegian manufacturing increased by 2.4 per cent from November to January 2012 compared to the previous three-month period of seasonally-adjusted figures.

Index of turnover for manufacturing. Seasonally adjusted. Three-month moving average 2003-2012

Index of turnover for manufacturing January 2003-January 2012, 2005=100

Building of ship and oil platforms delivers

The largest growth in turnover was seen within building of ship and oil platforms, up 37.2 per cent. Several deliveries in the last three-month period contributed to this solid result. Repair, installation of machinery went up by 12.1 per cent, while the grouping refined petroleum, chemicals and pharmaceutical showed a 5.3 per cent increase.

Industries with reduced turnover included basic metals with a 4.2 per cent drop. Several months with falling prices in 2011 and a reduced production volume in the last three-month period explain this development.

Increase in turnover from December to January

Seasonally-adjusted figures showed that Norwegian manufacturing turnover went up by 1.7 per cent from December to January. There were small changes within most of the industries, except the turnover within two large groupings. Building of ship and oil platforms increased by 15.3 per cent, while refined petroleum, chemicals and pharmaceuticals increased by 10.2 per cent.

Increase from January 2011 to January 2012

Unadjusted figures showed an increase of 9.4 per cent in total manufacturing turnover in January 2012 compared to January 2011. Both the export and the domestic market grew in turnover by 10.2 and 8.9 per cent respectively. Among industries with growth in turnover were refined petroleum, chemicals and pharmaceuticals, up by 10.6 per cent. Meanwhile, food products went up by 9.6 per cent. The positive development for these industries was mostly driven by higher prices in this period. More on this in the “Twelve-month growth” comment in the Producer price index .

The strongest increase in turnover was within building of ships, boats and oil platforms, with a 37.9 per cent increase. Production volume was especially large in this period. See the index of production .

Conversely, basic metals showed a drop in turnover of 2.4 per cent. Falling prices and reduced production volume contributed to this.

Statistics on turnover of oil and gas extraction, mining and quarrying, manufacturing, electricity and gas supply. January 2012
  Original series.1
January 2012
Changes in per cent.
January 2011-January 2012
Original series.1
January 2012
Changes in per cent.
January 2011-January 2012
Changes in per cent.
Seasonally adjusted.
August 2011-October 2011-
November 2011-January 2012
The overall turnover  141 857 5.3  141 857 5.3 2.4
Extraction and related services 64 631 11.6 64 631 11.6 4.2
Manufacturing, mining and quarrying 63 931 9.6 63 931 9.6 2.4
Domestic market 37 802 8.7 37 802 8.7 4.8
Export market 26 129 10.8 26 129 10.8 -1.5
Electricity, Gas and Steam Supply 13 295 -28.0 13 295 -28.0 -14.2
Main industrial groupings          
Intermediate goods 30 548 12.0 30 548 12.0 2.1
Capital goods 17 512 14.0 17 512 14.0 10.6
Consumer goods 14 992 3.1 14 992 3.1 -0.9
Energy goods 78 806 1.6 78 806 1.6 1.0
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 August to October compared with November to January).

The relationship between production and turnover

The development in 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.