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201399
Continued growth in manufacturing turnover
statistikk
2015-07-07T10:00:00.000Z
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 increased by 2.2 per cent in the last three months.

Turnover in oil and gas, manufacturing, mining and electricity supply, May 2015

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Continued growth in manufacturing turnover

Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing increased by 2.2 per cent from March to May 2015 compared to the previous three-month period. However, a 0.5 per cent decline was recorded from March to April 2015.

Turnover. Percentage change and NOK millionPublished 7 July 2015
Seasonally adjustedCalendar adjusted1Unadjusted
Monthly changeThree-month changeTwelve-month changeNOK million
May 2015 / April 2015March 2015 - May 2015 / December 2014 - February 2015May 2015 / May 2014May 2015
1Adjusted for working-days and for public holidays in Norway.
Extraction, mining, manufacturing and elec3.01.9-0.8131 244
Extraction and related services9.03.6-3.353 661
Mining and quarrying-3.4-2.7-3.11 087
Manufacturing-0.52.20.967 583
Food, beverages and tobacco-1.91.24.816 008
Refined petro., chemicals, pharmac.3.68.4-9.210 483
Basic metals-4.5-0.118.25 023
Machinery and equipment9.75.014.87 946
Ships, boats and oil platforms-5.38.24.66 174
Electricity, gas and steam-1.4-7.52.38 913

Source: Statistics Norway

The index value for turnover in manufacturing is 153.1 (2005=100) in the period March to May 2015, compared to 149.8 in the previous three-month period, according to seasonally-adjusted figures.

Three-month change: rise in all industries

Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing increased by 2.2 per cent from March to May 2015 compared to the previous three-month period. Almost all industries contributed to the increase, and building of ships, boats and oil platform, machinery and equipment, and food products had a significant share in the rise. Growth in manufacturing was further enhanced by an increase in the grouping refined petroleum, chemical and pharmaceutical industries.

Monthly change: growth for machinery and equipment

Total Norwegian manufacturing turnover went down 0.5 per cent from April to May 2015, according to seasonally-adjusted figures.

Machinery and equipment and fabricated metal products showed a growth of 9.7 and 3.5 per cent respectively. The grouping refined petroleum, chemical and pharmaceutical industries also showed a positive development, with a growth of 3.6 per cent.

On the contrary, food products, building of ships, boats and oil platforms, basic metals, and computer and electrical equipment were among the industries helping to pull down the turnover in this period.

Twelve-month change: turnover slightly up from May 2014

Calendar-adjusted figures showed that the total turnover went up 0.9 per cent from May 2015 compared to May 2014. While the export market reported a 2.4 per cent growth, the domestic market was unchanged.

The most growing changes in manufacturing turnover occurred in machinery and equipment, basic metals and food products.

The grouping refined petroleum, chemical and pharmaceutical industries contributed the most to curb the increase in total turnover in industry with its decline of 9.2 per cent.

Monthly change: slight growth in the euro area in April 2015

Norwegian manufacturing turnover went down 0.9 per cent from March to April 2015 according to seasonally-adjusted figures. Manufacturing turnover in the euro area faced a slight increase of 0.7 per cent. In the Nordic countries, Denmark showed a decrease of 2.5 per cent, while Sweden showed an increase of 2 per cent from March to April 2015, according to Eurostat.