144852
/en/energi-og-industri/statistikker/ogibkoms/maaned
144852
Growth in manufacturing turnover continues
statistikk
2014-07-07T10:00:00.000Z
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 went up by 1.3 per cent in the last three-month period.

Turnover in oil and gas, manufacturing, mining and electricity supplyMay 2014

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Growth in manufacturing turnover continues

Turnover in Norwegian manufacturing increased by 1.3 per cent from March to May 2014 compared with the previous three-month period, according to seasonally-adjusted figures. A 5.4 per cent decline in the export market was offset by a 5.5 per cent increase in the domestic market, which led to a total growth in the turnover.

Turnover. Percentage change and NOK million
Seasonally adjustedCalendar adjusted1Unadjusted
Monthly changeThree-month changeTwelve-month changeNOK million
May 2014 / April 2014March 2014 - May 2014 / December 2013 - February 2014May 2014 / May 2013May 2014
1Adjusted for working-days and for public holidays in Norway.
Extraction, mining, manufacturing and elec-4.0-2.1-1.9134 155
Extraction and related services-7.8-4.5-6.354 868
Mining and quarrying3.24.74.21 153
Manufacturing-1.31.35.269 023
Food, beverages and tobacco-4.54.03.216 686
Refined petro., chemicals, pharmac.1.1-1.02.411 545
Basic metals-4.9-3.2-1.64 569
Machinery and equipment-3.83.23.16 853
Ships, boats and oil plattforms-0.74.111.75 968
Electricity, gas and steam-1.2-10.8-19.29 112

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 .