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108543
Fall in manufacturing turnover
statistikk
2014-01-08T10:00:00.000Z
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
false

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

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Fall in manufacturing turnover

Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing decreased by 1.6 per cent from September to November 2013 compared to the previous three-month period. The decline was due to the lower turnover in the domestic market.

Turnover. Percentage change and NOK millionPublished 8 January 2014
Seasonally adjustedCalendar adjusted1Unadjusted
Monthly changeThree-month changeTwelve-month changeNOK million
November 2013 / October 2013September 2013 - November 2013 / June 2013 - August 2013November 2013 / November 2012November 2013
1Adjusted for working-days and for public holidays in Norway.
Extraction, mining, manufacturing and elec-1.4-1.73.2146 491
Extraction and related services-0.5-3.03.759 444
Mining and quarrying-3.517.116.11 474
Manufacturing-0.7-1.62.273 437
Food, beverages and tobacco-2.2-1.15.017 888
Refined petro., chemicals, pharmac.-1.00.3-0.211 819
Basic metals2.70.4-7.44 502
Machinery and equipment10.9-1.826.97 918
Ships, boats and oil plattforms-6.9-16.3-6.76 048
Electricity, gas and steam-9.12.84.412 136

Source: Statistics Norway

The biggest contributor to the 1.6 per cent decrease was building of ships, boats and oil platforms, which recorded a decline of 16.2 per cent from September to November 2013 compared to the previous three-month period, according to seasonally-adjusted figures . The decrease within the industry was mainly due to several large deliveries registered in the previous three-month period. Repair, installation of machinery and machinery and equipment edged down 12.4 per cent and 1.8 per cent respectively. According to the Index of industrial production , these industries also recorded a reduction in their production volume.

Slight reduction in turnover from October to November

Seasonally-adjusted figures showed that total Norwegian manufacturing turnover decreased 0.7 per cent from October to November mainly because of a decline in the domestic market.

Notable decreases were recorded in repair, installation of machinery (16 per cent), building of ships, boats and oil platforms (7 per cent), and food, beverages and tobacco (2.2 per cent).

Despite the overall reduction in turnover, some manufacturing industries recorded an increase in this period. The machinery and equipment industry (10.8 per cent), fabricated metal products (5.7 per cent), and basic metals (2.7 per cent) accounted for most of the increase in turnover from October to November.

Prominent growth for machinery and equipment industry from November 2012

Calendar-adjusted figures showed an increase of 2.2 per cent in total manufacturing turnover in November 2013 compared to November 2012. While the domestic market faced a slight decrease (0.9 per cent), the export market grew by 7.5 per cent in the same period.

The largest increase was for the machinery and equipment industry, growing by 26.9 per cent. The export market of fish products was the major contributor to a 5 per cent growth of food, beverages and tobacco. This was followed by a 2.3 per cent increase in fabricated metal products.

Repair, installation of machinery, on the other hand, fell by 18 per cent and basic metals decreased 7.4 per cent. Building of ships, boats and oil platforms pulled down the turnover by 6.7 per cent in this period.

Norway and the euro area

Seasonally-adjusted figures show that Norwegian manufacturing turnover went down 1.3 per cent from September to October 2013. Manufacturing turnover in the euro area also went down 0.3 per cent in the same period, according to figures published by Eurostat .