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144834
Reduction in manufacturing turnover
statistikk
2014-03-07T10:00:00.000Z
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
Index of industrial turnover monitors sales in oil and gas, manufacturing, mining& electricity. Turnover in manufacturing fell 1.8 per cent in the last 3-month period.

Turnover in oil and gas, manufacturing, mining and electricity supply, January 2014

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Reduction in manufacturing turnover

Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing decreased by 1.8 per cent from November 2013 to January 2014 compared to the previous three-month period. While the export market enjoyed a 7 per cent growth, the domestic market fell by 7.2 per cent.

Turnover. Percentage change and NOK millionPublished 7 March 2014
Seasonally adjustedCalendar adjusted1Unadjusted
Monthly changeThree-month changeTwelve-month changeNOK million
January 2014 / December 2013November 2013 - January 2014 / August 2013 - October 2013January 2014 / January 2013January 2014
1Adjusted for working-days and for public holidays in Norway.
Extraction, mining, manufacturing and elec1.20.78.2151 454
Extraction and related services8.36.921.772 534
Mining and quarrying2.710.91.41 036
Manufacturing-2.5-1.8-0.363 892
Food, beverages and tobacco-4.0-0.83.714 850
Refined petro., chemicals, pharmac.1.7-6.8-3.112 221
Basic metals1.63.42.54 621
Machinery and equipment-11.9-0.7-6.65 986
Ships, boats and oil plattforms-13.0-4.3-15.95 104
Electricity, gas and steam-12.9-13.6-10.013 992

Source: Statistics Norway

The biggest contributor to the 1.8 per cent decrease was the grouping refined petroleum products, and chemical and pharmaceutical products, which recorded a decline of 6.8 per cent from November 2013 to January 2014 compared to the previous three-month period, according to seasonally-adjusted figures. Basic chemicals, the biggest sub-industry in the grouping, edged down 9.2 per cent; mainly as a result of a decrease in the export market. According to the Index of industrial production, these industries also recorded a reduction in their production volume.

Building of ships and oil platforms recorded a 4.3 per cent decline, where the decrease within the industry was mainly due to several large deliveries registered in the previous three-month period. Repair, installation of machinery edged down 2.8 per cent.

Despite the overall reduction in turnover, some manufacturing industries recorded an increase in this period. Basic metals and its sub-industry non-ferrous metals increased 3.5 and 5.6 per cent respectively in addition to their growth in production volume. Fabricated metal products rose 2.2 per cent.

Monthly change: decline in turnover from December 2013 to January 2014

Total Norwegian manufacturing turnover went down 2.5 per cent from the last month in 2013 to the first month in 2014, according to seasonally-adjusted figures. Food products with a decrease of 4.6 per cent had the largest share in this decline. This was followed by building of ships, boats and oil platforms, which fell 13 per cent. The machinery and equipment industry fell 11.9 per cent and accounted for the third biggest industry with a negative change in this period.

On the contrary, repair, installation of machinery edged up 3.6 per cent and slight growth was seen in basic metals and fabricated metal products. Refined petroleum products, and chemical and pharmaceutical products also rose 1.7 per cent.

Twelve-month change: food products had strong growth from January 2013

Calendar-adjusted figures showed a decrease of 0.3 per cent in total manufacturing turnover in January 2014 compared to January 2013.

Although manufacturing turnover was almost unchanged, some of the industrial sectors showed notable changes, both positive and negative. The food, beverages and tobacco industry (3.7 per cent) and repair, installation of machinery (19.5 per cent) accounted for most of the increase in turnover in January 2014 compared to January 2013.

In the opposite direction, machinery and equipment, and building of ships, boats and oil platforms had a declining turnover of 6.6 and 15.9 per cent respectively. Refined petroleum, chemical and pharmaceutical industries edged down 3.1 per cent.

The most notable change was for the paper and paper products industry, which decreased by 26.4 per cent, and had a decline in production volume due to several producers closing down in the last twelve months.

Monthly change: Norwegian manufacturing up, euro area down in December 2013

Norwegian manufacturing turnover went up 0.6 per cent from November to December 2013, according to seasonally-adjusted figures. In the same period, manufacturing turnover in the euro area was down 0.7 per cent, according to Eurostat.