This is an archived release.
Slight fall in manufacturing turnover
Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing decreased by 0.9 per cent from December to February 2013 compared to the previous three-month period.
|Monthly change||Three-month change||Twelve-month change||NOK million|
|February 2013 / January 2013||December 2012 - February 2013 / September 2012 - November 2012||February 2013 / February 2012||February 2013|
|Extraction, mining, manufacturing and elec||-0.4||-2.1||-10.5||130 593|
|Extraction and related services||-0.7||-5.3||-18.5||56 524|
|Mining and quarrying||-7.8||6.9||-30.8||753|
|Food, beverages and tobacco||-0.2||3.3||-4.3||13 717|
|Refined petro., chemicals, pharmac.||-0.8||2.8||-0.5||12 120|
|Basic metals||3.2||-1.5||-12.5||4 360|
|Machinery and equipment||-8.2||-0.2||13.0||5 633|
|Ships, boats and oil plattforms||-16.5||-12.1||-19.6||4 406|
|Electricity, gas and steam||-0.7||7.1||0.6||12 304|
The majority of industries have shown small changes in turnover in the last three-month period. However, there were two industries that pulled manufacturing turnover down; building of ships, boats and platforms with a 12.1 per cent decrease and fabricated metal products, which fell 12.3 per cent. The first of these was due to large deliveries in previous periods, and the latter was caused by lower turnover within the export and domestic markets.
Industries that curbed the fall in industrial turnover included, food products, which increased by 3.2 per cent. In addition, the grouping refined petroleum, chemicals and pharmaceuticals reported a 2.8 per cent increase.
Almost unchanged turnover from January to February
Seasonally-adjusted figures showed that total Norwegian manufacturing turnover fell by 0.3 per cent from January to February 2013. This was a result of fewer deliveries within building of ships, boats and platforms in February. Machinery and equipment as well as fabricated metal products also showed a decline in turnover.
On the other hand, the groupings computer and electrical equipment, as well as repair and installation of machinery went up by 2.5 and 5.7 per cent respectively. Both experienced higher activity within the domestic market.
Manufacturing turnover down from February 2012 to February 2013
Unadjusted figures showed a decrease of 3.7 per cent in total manufacturing turnover in February 2013 compared to February 2012. Several industries showed diminished turnover compared to February last year. Among these were basic metals with a fall of 12.5 per cent. This industry has had a significant decline in both prices and production volume. In addition, rubber and plastic products fell 5.9 per cent due to reduced production volume.
Conversely, industries with a turnover boost were repair and installation of machinery, up 13.8 per cent and machinery and equipment, growing by 13 per cent. Both industries are important suppliers to the oil and gas industry.
Norway and the euro area
Seasonally-adjusted figures show that Norwegian manufacturing turnover went down 0.4 per cent from December to January 2013. Manufacturing turnover in the euro area went down 0.7 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. We normally compare the latest non-overlapping three-month periods, for instance December 2012 to February 2013 compared with September to November 2012. Seasonally-adjusted monthly changes must be interpreted with caution.
Find detailed figures from Turnover in oil and gas, manufacturing, mining and electricity supply