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108547
Further growth in turnover
statistikk
2013-09-06T10:00:00.000Z
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, July 2013

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Further growth in turnover

Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased by 2.7 per cent from May to July 2013 compared to the previous three-month period.

Turnover. Percentage change and NOK millionPublished 6 September 2013
Seasonally adjustedCalendar adjusted1Unadjusted
Monthly changeThree-month changeTwelve-month changeNOK million
July 2013 / June 2013May 2013 - July 2013 / February 2013 - April 2013July 2013 / July 2012July 2013
1Adjusted for working-days and for public holidays in Norway.
Extraction, mining, manufacturing and elec1.35.810.6136 596
Extraction and related services1.88.78.361 731
Mining and quarrying3.12.711.51 109
Manufacturing2.02.78.964 492
Food, beverages and tobacco3.85.512.016 660
Refined petro., chemicals, pharmac.6.9-2.70.712 364
Basic metals4.0-2.7-10.84 182
Machinery and equipment4.412.938.36 678
Ships, boats and oil plattforms18.027.928.36 816
Electricity, gas and steam-4.99.048.19 264

Source: Statistics Norway

Norwegian manufacturing showed an increase in turnover in the last three-month period, according to seasonally-adjusted figures. The largest contributor to the increase was building of ships, boats and platforms, where several large deliveries resulted in a 27.8 per cent higher turnover. Machinery and equipment also grew, up12.9 per cent.

In addition, turnover within food products went up 6.2 per cent due to a higher production volume and higher turnover within fish and fish products as well as feed products.

Increase in turnover from June to July

Seasonally-adjusted figures showed that total Norwegian manufacturing turnover went up by 2.0 per cent from June to July 2013. The grouping refined petroleum, chemicals and pharmaceuticals also went up, mainly because of higher prices for petroleum products. Basic metals was up 3.9 per cent, with both an increase in the production volume and higher prices. Meanwhile, food products grew by 3.8 per cent.

Conversely, the repair and installation industry fell 4.1 per cent.

Increase from Juli 2012 to Juli 2013

Calendar-adjusted figures showed an increase of 8.9 per cent in total manufacturing turnover in July 2013 compared to July 2012. The domestic market increased as a whole; by 13.9 per cent, while the export market grew 1.2 per cent. The largest increase in turnover was for machinery and equipment, growing by 38.5 per cent. This was followed by building of ships, boats and platforms by 28.3 per cent. Additionally, food products reported growth in turnover, up 12.2 per cent from July 2012.

On the other hand, basic metals experienced a fall in turnover, by 10.8 per cent, mainly because of a weak development within the export market. This applies specially to non-ferrous metals. In addition, turnover for wood and wood products went down 2.3 per cent. Basic chemicals also fell, by 3.9 per cent, compared to July 2012.

Norway and the euro area

Seasonally-adjusted figures show that Norwegian manufacturing turnover went up 5.3 per cent from May to June 2013. Manufacturing turnover in the euro area went down 0.6 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. We normally compare the latest non-overlapping three-month periods, for instance May to July 2013 compared with February to April 2013. Seasonally-adjusted monthly changes must be interpreted with caution.

Improved method of seasonal adjustmentOpen and readClose

The new routine takes into account the Norwegian calendar and thereby improves the quality of the seasonally-adjusted results. The change has been applied from the July 2013 publishing, and concerns the pre-treatment method (calendar adjustment). The new method adjusts for different effects of working days in each industry and distinctively Norwegian effects in relation to moving holidays (Easter, Pentecost and Ascension Day). The new method also adjusts for fixed Norwegian public holidays (1 January, 1 and 17 May) and for the Christmas holiday (24-26 December).

The new method is used on the entire time series, and may therefore contribute to revisions in the seasonally-adjusted figures far back in time. The unadjusted figures are not revised as a consequence of the change. At the same time, calendar-adjusted and “smoothed out” seasonally-adjusted figures will be published in Statbank.