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

The index value for turnover in manufacturing was 152.9 (2005=100) in the period March to May 2014, compared to 150.9 in the previous three-month period, according to seasonally-adjusted figures .

Three-month change: notable growth in food products

The largest contribution to the growth in manufacturing turnover in the period March to May 2014 compared to the previous three-month period was from the food, beverage and tobacco industry. This industry, which had a share of almost 24 per cent of total manufacturing turnover, rose 4.0 per cent. Another important contributor was the building of ships, boats and oil platforms, up 4.1 per cent mainly due to several large deliveries of completed ships. Machinery and equipment contributed substantially, with a 3.2 per cent growth. The index of industrial production  also shows an increase in volume for these industries in the last three-month period.

While the basic chemicals industry alone edged up 2.1 per cent, the grouping refined petroleum, chemical and pharmaceutical industries decreased by 1.0 per cent, mainly as a result of a decline in the export market. Basic metals, fabricated metal products and repair and installation of machinery were among the industries pulling down the total turnover in this period.

Monthly change: decline in turnover from April to May 2014

Total Norwegian manufacturing turnover showed a 1.3 per cent decrease from April to May 2014, according to seasonally-adjusted figures. The domestic market in particular pulled the turnover down, while the export market showed an increase between these two months.

Although the food, beverage and tobacco industry had a notable growth in the three-month period, it was not the same from April to May 2014, where the industry faced a 4.3 per cent decline, according to seasonally-adjusted figures. The decline was due to a high level in April, which did not continue in May at the same rate. Machinery and equipment, the basic metals industry, and the building of ships, boats and oil platforms industry showed a downturn in turnover during this period.

In the opposite direction, repair, installation of machinery, computer and electrical equipment, and fabricated metal products had an increase in turnover of 13.3, 2.8 and 1.5 per cent respectively. Refined petroleum, chemical and pharmaceutical industries edged up 1.1 per cent.

Twelve-month change: remarkable growth in manufacturing turnover from May 2013

Calendar-adjusted figures showed an increase of 5.2 per cent in total manufacturing turnover from May 2013 to May 2014. Although the domestic market also grew in the twelve-month period, it was the clear increase in the export market that pulled turnover up in the twelve-month period. Most of the industries showed a positive trend from May 2013 to May 2014. The main contributors for the overall increase in manufacturing turnover were the industries food products and building of ships, boats and oil platforms, which rose 5.0 and 11.7 per cent respectively.

Repair, installation of machinery, machinery and equipment, computer and electrical equipment were among the industries that helped pull up the total turnover. Moreover, refined petroleum, chemical and pharmaceutical industries also edged up in the twelve-month period.

The growth in manufacturing turnover was contracted by reduced turnover in the industries paper and paper products and a slight decline in basic metals.

Monthly change: larger growth for Norway than the euro area in April 2014

Norwegian manufacturing turnover went up by 3.1 per cent from March to April 2014, according to seasonally-adjusted figures, while manufacturing turnover in the euro area showed a slight increase of 0.3 per cent, according to Eurostat .