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91759
Unchanged manufacturing turnover
statistikk
2013-01-08T10:00:00.000Z
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
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Turnover in oil and gas, manufacturing, mining and electricity supply, November 2012

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Unchanged manufacturing turnover

Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing was almost unchanged from September 2012 to November 2012 compared to the previous three-month period.

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

Selected industries. Seasonally adjusted. Three-month moving average 2006-2012.

Among industries with growth in turnover were machinery and equipment, increasing by 10.5 per cent. This was due to both higher prices and increased production volume. Similarly, repair and installation of machinery showed a 9.1 per cent increase, while turnover within building of ships, boats and oil platforms moved up 5.9 per cent.

Industries with reduced turnover included basic metals, down 5.2 per cent, and the grouping refined petroleum, chemicals and pharmaceutical, which showed a decrease of 3.0 per cent. Falling producer prices were a common feature for these industries in this period, (see producer price index ). Food products also showed a downturn, with a 2.4 per cent lower turnover in this three-month period.

Turnover went up from October to November

Seasonally-adjusted figures showed that total Norwegian manufacturing turnover increased by 1.0 per cent from October to November 2012. Fabricated metal products grew by 4.0 per cent, while building of ships, boats and oil platforms went up 3.4 per cent. A higher turnover in food products also helped raise the industrial turnover from October to November.

On the other hand, industries with reduced turnover included basic chemicals and paper and paper products, which fell 5.4 and 10.8 per cent respectively. Machinery and equipment dropped 6.9 per cent. This fall is from a high level of turnover with major deliveries in the previous period. However, the machinery and equipment industry shows a very high level of turnover in November 2012 compared to earlier in the year.

Growth from September 2011

Unadjusted figures showed an increase of 2.9 per cent in total manufacturing turnover in November 2012 compared to November 2011. The largest growth in turnover was for repair and installation of machinery, which went up 27.5 per cent, followed by machinery and equipment, with a 21 per cent increase. Both industries are important suppliers to the oil and gas industry, which is currently experiencing record high investment levels, see index of production and investments in oil and gas activity .

Conversely, turnover within basic metals fell 7.1 per cent, while non-ferrous metals fell 7.4 per cent. Paper and paper products as well as wood and wood products experienced a fall in turnover compared to the same period in 2011.

Norway and the euro area

Seasonally-adjusted figures show that Norwegian manufacturing turnover fell 2.7 per cent from September to October 2012. Manufacturing turnover in the euro area went down 0.5 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. November 2012
 
 Original series. 1
January-November 2012		Changes in per cent.
January-November 2011-
January-November 2012		Original series. 1
November 2012		Changes in per cent.
November 2011-
November 2012		Changes in per cent.
Seasonally adjusted.
June 2012-August 2012-
September 2012-
November 2012
 
The overall turnover1 517 1045.9 143 4851.40.3
      
Extraction and related services 670 23911.557 484-4.0-1.4
Manufacturing, mining and quarrying 746 8885.874 3822.70.1
Domestic market 457 3609.346 9065.40.1
Export market 289 5270.727 475-1.7-0.5
Electricity, Gas and Steam Supply99 979-20.411 62027.111.2
      
Main industrial groupings     
Intermediate goods 354 8104.634 3094.30.3
Capital goods 212 11217.222 67615.96.6
Consumer goods 180 9251.918 595-2.2-3.2
Energy goods 769 2584.767 905-3.0-0.9
 
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. A comparison is normally made between 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 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.

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