This is an archived release.
Considerable growth in manufacturing turnover
Turnover in Norwegian manufacturing increased by 2.8 per cent from February to April 2014 compared with the previous three-month period, according to seasonally-adjusted figures. Growth in food products and deliveries of large projects in the industry ships, boats and oil platforms were important contributors to the rise in turnover.
|Seasonally adjusted||Calendar adjusted1||Unadjusted|
|Monthly change||Three-month change||Twelve-month change||NOK million|
|April 2014 / March 2014||February 2014 - April 2014 / November 2013 - January 2014||April 2014 / April 2013||April 2014|
|1Adjusted for working-days and for public holidays in Norway.|
|Extraction, mining, manufacturing and elec||3.6||0.4||8.5||139 299|
|Extraction and related services||4.6||-2.4||14.1||61 863|
|Mining and quarrying||-9.5||0.5||6.5||1 019|
|Food, beverages and tobacco||7.3||2.8||10.1||16 370|
|Refined petro., chemicals, pharmac.||5.5||-0.7||-0.5||11 805|
|Basic metals||3.8||-0.2||4.0||4 462|
|Machinery and equipment||-3.8||4.4||5.1||6 581|
|Ships, boats and oil plattforms||-1.7||22.5||20.5||6 101|
|Electricity, gas and steam||1.0||1.0||-19.8||10 131|
The index value for turnover in manufacturing was 153.6 (2005=100) in the period February to April 2014, compared to 149.4 in the previous three-month period, according to seasonally-adjusted figures . After a downward trend in the second half of 2013, manufacturing turnover has shown positive development in the first months of 2014. An important factor for this increase has been the considerable growth in turnover for the industry ships, boats and oil platforms in this period.
Three-month change: deliveries of large projects in the industry ships, boats and oil platforms
The largest contribution to the growth in manufacturing turnover in the period February to April 2014 compared with the previous three-month period, comes from the industry ships, boats and oil platforms. Several large deliveries of completed ships have contributed to the growth of 22.5 per cent for this industry. A 4.4 per cent increase in turnover for machinery and equipment was also a major factor to the rise in manufacturing turnover. Another important contributor was the industry food and beverages, which had a 2.8 per cent increase. In relation to the index of industrial production and the producer price index, these statistics shows a rise in both volume and prices for this industry in the last three-month period. Food and beverages had a share of about 23 per cent of total manufacturing turnover in the period.
Reduced turnover in the industries paper and paper products, non-ferrous metals and fabricated metal products dampened the growth in manufacturing turnover.
Monthly change: food products pulls manufacturing turnover up from March to April
Total Norwegian manufacturing turnover showed a 3.1 per cent increase from March to April 2014, according to seasonally-adjusted figures. The biggest contributor pulling up total manufacturing turnover was the industry food products, with a 7.4 per cent increase in turnover. The growth in this industry was particularly strong within fish and fish products and meat and meat products. The grouping refined petroleum, chemical and pharmaceutical industries was also an important contributor for the rise in the seasonally-adjusted monthly change.
Repair and installation of machinery together with machinery and equipment had a seasonally-adjusted reduction in turnover from March to April, and thereby curbed the rise in manufacturing turnover.
Twelve-month change: considerable growth in manufacturing turnover from April 2014
Calendar-adjusted figures showed an increase of 5.4 per cent in total manufacturing turnover from April 2013 to April 2014. It was the export market in particular that pulled turnover up in the twelve-month period, but the domestic turnover also had growth in this period. The main contributors to the overall increase in manufacturing export turnover were the industries basic metals and food products. The rise in turnover for the industry ships, boats and oil platforms was also an important factor for the growth in manufacturing total turnover.
The growth in manufacturing turnover was dampened by reduced turnover in the industries basic chemicals and repair and installation of machinery.
Monthly change: larger reduction for Norway than the euro area in March 2014
Norwegian manufacturing turnover went down by 2.9 per cent from February to March 2014, according to seasonally-adjusted figures. In the same period, manufacturing turnover in the euro area showed a decline of 0.5 per cent, according to Eurostat.
It is important to be aware that the uncertainty for the calendar-adjusted and seasonally-adjusted indices for March and April is greater than normal due to the changed placing of Easter. This effect will also affect the seasonally-adjusted figures for the 1st and 2nd quarters. This is accounted for when adjusting for seasonal variations. However, it can still be difficult to adjust for all impacts.
Find detailed figures from Turnover in oil and gas, manufacturing, mining and electricity supply