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Manufacturing turnover grew in 2012
statistikk
2013-02-08T10:00:00.000Z
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, December 2012

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Manufacturing turnover grew in 2012

Turnover in Norwegian manufacturing increased by 5.2 per cent in 2012. The home market went up 8.7 per cent, while the export market increased just 0.2 per cent.

Turnover. Percentage change and NOK millionPublished 13 February 2013
Seasonally adjustedUnadjustedDecember 2012
Monthly changeThree-month changeTwelve-month change
December 2012 / November 2012October 2012 - December 2012 / July 2012 - September 2012December 2012 / December 2011
Extraction, mining, manufacturing and elec0.41.9-2.6140 810
Extraction and related services-1.16.0-8.160 494
Mining and quarrying7.817.6-8.6932
Manufacturing0.2-1.2-1.765 209
Food, beverages and tobacco2.4-0.43.915 100
Refined petro., chemicals, pharmac.1.3-6.53.311 920
Basic metals-4.3-1.0-17.83 847
Machinery and equipment5.96.218.77 381
Ships, boats and oil plattforms-4.8-3.55.86 275
Electricity, gas and steam4.926.024.314 174

Source: Statistics Norway

Deliveries to oil and gas sector bring turnover up

Industries that deliver to the oil and gas sector had a solid increase in turnover in 2012. Building of ships, boats and oil platforms showed the largest increase; 23.8 per cent. Machinery and equipment went up 22.3 per cent due to higher prices and larger production volumes. Repair and installation of machinery also grew; 14.4 per cent.

In addition, the grouping refined petroleum, chemicals and pharmaceutical had an increase of 4.1 per cent, which was despite the difficulties in the market situation within the industry of basic chemicals.

Food products showed a 5.6 per cent increase, while for fabricated metal products the increase was 3.7 per cent. Both industries had higher production volumes and rising prices in 2012.

Metal and paper fell in 2012

Turnover within basic metals dropped 12.2 per cent in 2012. This fall was significant, especially within aluminium and nickel. Due to lower turnover from the export market, paper and paper products also saw a 3.7 per cent fall.

Decrease in turnover in 4th quarter 2012

Seasonally-adjusted figures showed that Norwegian manufacturing turnover fell by 1.2 per cent from the previous quarter. Refined petroleum, chemicals and pharmaceuticals fell 6.5 per cent. Fabricated metal products fell 2.1 per cent.

Conversely, repair and installation of machinery went up 13.2 per cent and machinery and equipment by 6.2 per cent.

Unchanged turnover from November to December 2012

Seasonally-adjusted figures showed an increase of 0.2 per cent in total manufacturing turnover from November to December 2012. Fabricated metal products; repair, installation of machinery and building of ships, boats and oil platforms had a decrease in turnover in December. The opposite was the case for food products and machinery and equipment, which experienced a higher turnover in the same period.

Norway and the euro area

Seasonally-adjusted figures show that Norwegian manufacturing turnover went up 1.3 per cent from October to November 2012. Manufacturing turnover in the euro area went down 0.9 per cent in the same period, according to figures published by Eurostat.

Interpretation of seasonally-adjusted figuresOpen and readClose

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 July to September compared with October to December).

The relationship between production and turnoverOpen and readClose

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 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.