This is an archived release.
Unchanged manufacturing turnover
Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing remained unchanged from the first to the second quarter of 2014. The downfall in the export market was offset by a 3 per cent growth in the domestic market.
|Seasonally adjusted||Calendar adjusted1||Unadjusted|
|Monthly change||Three-month change||Twelve-month change||NOK million|
|June 2014 / May 2014||April 2014 - June 2014 / January 2014 - March 2014||June 2014 / June 2013||June 2014|
|1Adjusted for working-days and for public holidays in Norway.|
|Extraction, mining, manufacturing and elec||-2.2||-2.5||-7.5||129 177|
|Extraction and related services||-1.4||-5.7||-9.0||50 053|
|Mining and quarrying||-4.9||-2.4||3.3||1 106|
|Food, beverages and tobacco||0.9||3.7||1.8||16 319|
|Refined petro., chemicals, pharmac.||-4.1||0.3||-7.5||11 117|
|Basic metals||9.1||1.3||11.6||4 840|
|Machinery and equipment||2.3||0.4||-4.9||7 698|
|Ships, boats and oil plattforms||-10.2||-4.5||-8.2||5 374|
|Electricity, gas and steam||2.7||0.3||-17.9||8 033|
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.
Find detailed figures from Turnover in oil and gas, manufacturing, mining and electricity supply