This is an archived release.
Slight fall in manufacturing turnover
Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing was down by 0.5 per cent from September to November 2014 compared to the previous three-month period. Meanwhile, a 0.9 per cent increase was recorded from October to November.
|Seasonally adjusted||Calendar adjusted1||Unadjusted|
|Monthly change||Three-month change||Twelve-month change||NOK million|
|November 2014 / October 2014||September 2014 - November 2014 / June 2014 - August 2014||November 2014 / November 2013||November 2014|
|1Adjusted for working-days and for public holidays in Norway.|
|Extraction, mining, manufacturing and elec||-4.0||2.8||-2.1||141 993|
|Extraction and related services||-10.9||8.1||-6.2||55 918|
|Mining and quarrying||10.1||-3.3||-5.4||1 355|
|Food, beverages and tobacco||2.1||1.1||5.7||18 199|
|Refined petro., chemicals, pharmac.||3.5||-4.9||-6.4||11 074|
|Basic metals||-2.8||1.9||11.5||4 819|
|Machinery and equipment||4.2||-6.1||5.8||8 953|
|Ships, boats and oil plattforms||-1.9||-0.4||14.3||6 732|
|Electricity, gas and steam||3.6||-1.3||-4.1||11 250|
The index value for turnover in manufacturing was 150.2 (2005=100) in the period September to November 2014, compared to 151.0 in the previous three-month period, according to seasonally-adjusted figures. The domestic market contributed to a decline, while the export market was down.
Three-month change: moderate decline in the manufacturing turnover
The grouping refined petroleum, chemical and pharmaceutical industries and machinery and equipment contributed the most to the decline in the manufacturing turnover. The decline was 4.9 and 6.1 per cent respectively. Computer and electrical equipment also showed a decline.
Food products showed an increase in turnover in the last three-month period and helped curb the decline in manufacturing turnover. Rubber, plastic and mineral products and non-ferrous metals also reported a growth in turnover. High prices of aluminium (measured in NOK) contributed to the growth in non-ferrous metals.
Monthly change: growth in November 2014
Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing was up by 0.9 per cent from October to November 2014. A decline in the export market was offset by an upswing in the domestic market. Food products and computer and electrical equipment contributed the most to the development. The grouping refined petroleum, chemical and pharmaceutical industries and also machinery and equipment also reported an upswing in the turnover.
The growth in the turnover were dampened by a decline in the non-ferrous metals, fabricated metal products and machinery and equipment
Twelve-month change: pronounced growth in the food products compared to November 2013
Calendar-adjusted figures showed that the total manufacturing turnover from November 2013 to November 2014 was up by 1.5 per cent. The domestic market was up 2.9 per cent, while the export market was down 0.6 per cent.
Food products contributed the most to the growth in the manufacturing turnover, with an increase of 5.7 per cent, followed by building of oil platforms and modules with an increase of 14.3 per cent. Machinery and equipment, basic metals also contributed.
The grouping refined petroleum, chemical and pharmaceutical industries showed a negative development in the same period with a decline of 6.4 per cent.
Monthly change: higher growth in Norway than in the euro area in October 2014
Norwegian manufacturing turnover went up by 2.2 per cent from September to October 2014, according to seasonally-adjusted figures, while manufacturing turnover in the euro area showed an increase of 0.9 per cent, according to Eurostat.
Find detailed figures from Turnover in oil and gas, manufacturing, mining and electricity supply