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

The index value for turnover in manufacturing was 150.1 (2005=100) in the period April to June 2014, compared to 150.2 in the previous three-month period, according to seasonally-adjusted figures .

Three-month change: continued growth in food products

Although the overall turnover in manufacturing was more or less unchanged, some of the industries had significant increases or decreases in turnover. Seasonally-adjusted figures showed that food products and basic metals were the main contributors to the increase in total manufacturing turnover from the first to the second quarter of 2014. The growth in these industries was 3.6 and 1.3 per cent respectively. In particular, increased turnover in fish and fish products contributed to the growth in the food industry. These industries also showed growth in production volume during the same period, according to the index of industrial production .

On the other hand, the building of ships, boats and oil platforms, as well as repair and installation of machinery had a decrease in turnover, with 4.5 and 6.1 per cent respectively. Several large deliveries of completed ships in the first quarter of 2014 contributed to this drop in building of ships and oil platforms.

Monthly change: decline in turnover from May to June

Total Norwegian manufacturing turnover fell 3.2 per cent from May to June 2014, according to seasonally-adjusted figures. Both the home and export market faced a decline of 1.7 and 7.7 per cent respectively.

Most industries showed a decrease in turnover during this period, however, the basic metals industry benefitted from higher prices in the metal market, which led to a strong growth of 9.1 per cent. Machinery and equipment showed an increase of 2.3 per cent.

Twelve-month change: notable fall in turnover from a high level in June 2013

Calendar-adjusted figures showed a decrease of 5.1 per cent in total manufacturing turnover from June 2013 to June 2014. Both the domestic and export market showed a downturn in manufacturing turnover, with 4.4 and 6.1 per cent respectively.

The reduced turnover in metal products, machine repair and installation, and the building of ships, boats and oil platforms contributed strongly to the overall decline in manufacturing turnover. Moreover, machine industry and the grouping refined petroleum, chemical and pharmaceutical industries also had a decline in this period that edged down total manufacturing turnover.

Food products and beverages accounted for about 23 per cent of total industry turnover, increasing by 1.8 per cent in this period. Basic metals also contributed positively, with a growth in turnover of 11.6 per cent.