Growth in industrial 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 supplySeptember 2012



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Growth in industrial turnover

Seasonally-adjusted figures show an increase of 2.5 per cent in the turnover in Norwegian manufacturing from the second quarter of 2012 to the third quarter of 2012.

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

Selected industries. Seasonally adjusted. Three-month moving average 2005-2012.

The strongest increase in turnover was for the grouping refined petroleum, chemicals and pharmaceutical, which showed an increase of 10.3 per cent from the second to the third quarter. This is due to growth in the production volume and higher prices. See producer price index . Machinery and equipment continued the positive trend with a 6.2 per cent increase in turnover, and computer and electrical equipment was up 3.6 per cent in the same period.

Industries with a fall in turnover included rubber, plastic and mineral products, decreasing by 5.5 per cent. In addition, repair and installation of machinery went down 6.3 per cent. Non-ferrous metals dropped 4.3 per cent.

Increased turnover from August to September

Seasonally-adjusted figures showed that total Norwegian manufacturing turnover went up by 0.9 per cent from August to September 2012. Building of ships, boats and oil platforms went up by 24.7 per cent. This was due to a number of major deliveries. Machinery and equipment also grew, by 9.3 per cent.

Industries with a lower turnover in this period included basic metals, falling 8.5 per cent. This was a result of a weaker international market and lower prices (see producer price index ). The grouping refined petroleum, chemicals and pharmaceutical also had a downturn, of 12.1 per cent. This was partly due to a planned stop at some refinery installations, as well as a lower turnover within basic chemicals in this period.

Growth from September 2011

Unadjusted figures showed an increase of 2.5 per cent in total manufacturing turnover in September 2012 compared to September 2011. The largest growth in turnover was for building of ships, boats and oil platforms. This industry showed a solid 50.9 per cent increase in turnover. Machinery and equipment also experienced a higher turnover, with a 29 per cent increase. Both industries have experienced an increase in production volume (see index of production ), and have finished and delivered large projects.

Industries with a reduced turnover were basic metals, falling by 25.4 per cent compared to September 2011. Wood and wood products also fell, by 8.2 per cent.

Norway and the euro area

Seasonally-adjusted figures show that Norwegian manufacturing turnover went up by 0.6 per cent from August 2011 to August 2012. Manufacturing turnover in the euro area went up 2.3 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. September 2012
  Original series.1
January-September 2012
Changes in per cent.
January-September 2011-
January-September 2012
Original series.1September 2012 Changes in per cent.
September 2011-
September 2012
Changes in per cent.
Seasonally adjusted.
April 2012-June 2012-
July 2012-September 2012
The overall turnover 1 225 781 5.7  124 294 -6.4 -2.0
Extraction and related services  549 064 12.6 46 879 -15.4 -9.9
Manufacturing, mining and quarrying  597 695 6.0 71 156 2.0 1.7
Domestic market  362 567 9.8 45 601 10.3 4.6
Export market  235 128 0.5 25 555 -10.1 -0.4
Electricity, Gas and Steam Supply 79 023 -26.5 6 259 -17.8 -11.1
Main industrial groupings          
Intermediate goods  284 851 3.9 33 226 -1.8 3.0
Capital goods  167 761 16.9 22 033 26.4 2.6
Consumer goods  143 334 2.0 16 839 -8.3 0.1
Energy goods  629 836 4.8 52 196 -17.4 -9.8
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. A comparison is normally made between the latest non-overlapping three-month periods (for instance April to June compared with July to September).

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 take place. Reporting of large deliveries of capital goods can contribute to differences in the development in the index of production and the statistics on turnover.