Turnover in oil and gas, manufacturing, mining and electricity supply, May 2013

Overall, Norwegian manufacturing showed a clear increase in turnover within the domestic market, up 7.5 per cent. Meanwhile, turnover fell within the export market by 4.5 per cent in the last three-month period, according to seasonally-adjusted figures. Industries that mainly deliver to Norway reported a significant growth in turnover. Among these were building of ships, boats and oil platforms, with a 6.0 per cent higher turnover due to several deliveries of large projects. Fabricated metal products also grew, by 18.1 per cent, and this was also due to increased turnover within the domestic market. In addition, food products contributed with a 2.6 per cent increase in turnover.

Industries with reduced industrial turnover included refined petroleum, chemicals and pharmaceuticals, which decreased by 2.8 per cent. The industry was influenced by lower producer prices in April and May, as well as reduced production volume in May. Basic metals also had a negative development, dropping 2.2 per cent due to lower production volume and prices.

Fall from April to May

Seasonally-adjusted figures showed that total Norwegian manufacturing fell 4.3 per cent from April to May 2013. Several industries reported falling turnover in this period. Among these were basic metals and the grouping refined petroleum, chemicals and pharmaceuticals. Turnover within the grouping rubber, plastic and mineral products also dropped, as did machinery and equipment.

Conversely, industries with a higher turnover in May than April included building of ships, boats and oil platforms, as well as repair and installation of machinery.

Solid growth for repair and installation of machinery from May 2012

Unadjusted figures showed an increase of 1.7 per cent in total manufacturing turnover in May 2013 compared to May 2012. The domestic market increased as a whole; by 10.9 per cent, while the export market declined 12.0 per cent. The largest increase in turnover was for repair and installation of machinery, growing 30.0 per cent. Additionally, turnover for machinery and equipment increased by 11.8 per cent. Food products also reported a growth in turnover from May 2012.

On the other hand, turnover within building of ships, boats and oil platforms, as well as basic metals, fell most in value; by 9.4 and 6.8 per cent respectively.

Norway and the euro area

Seasonally-adjusted figures show that Norwegian manufacturing turnover went up 10.3 per cent from March to April 2013. Manufacturing turnover in the euro area went down 0.1 per cent in the same period, according to figures published by Eurostat.