This is an archived release.
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.
|Seasonally adjusted||Unadjusted||December 2012|
|Monthly change||Three-month change||Twelve-month change|
|December 2012 / November 2012||October 2012 - December 2012 / July 2012 - September 2012||December 2012 / December 2011|
|Extraction, mining, manufacturing and elec||0.4||1.9||-2.6||140 810|
|Extraction and related services||-1.1||6.0||-8.1||60 494|
|Mining and quarrying||7.8||17.6||-8.6||932|
|Food, beverages and tobacco||2.4||-0.4||3.9||15 100|
|Refined petro., chemicals, pharmac.||1.3||-6.5||3.3||11 920|
|Basic metals||-4.3||-1.0||-17.8||3 847|
|Machinery and equipment||5.9||6.2||18.7||7 381|
|Ships, boats and oil plattforms||-4.8||-3.5||5.8||6 275|
|Electricity, gas and steam||4.9||26.0||24.3||14 174|
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.
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 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.
Find detailed figures from Turnover in oil and gas, manufacturing, mining and electricity supply