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201413
Weak figures from manufacturing turnover
statistikk
2015-10-07T10:00:00.000Z
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 decreased by 1.8 per cent from June to August 2015 compared to the previous three-month period.

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

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Weak figures from manufacturing turnover

Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing decreased by 1.8 per cent from June to August 2015 compared with the previous three-month period. There was a growth from July to August of 1.7 per cent.

Turnover. Percentage change and NOK millionPublished 7 October 2015
Seasonally adjustedCalendar adjusted1Unadjusted
Monthly changeThree-month changeTwelve-month changeNOK million
August 2015 / July 2015June 2015 - August 2015 / March 2015 - May 2015August 2015 / August 2014August 2015
1Adjusted for working-days and for public holidays in Norway.
Extraction, mining, manufacturing and elec2.7-1.2-5.5126 066
Extraction and related services4.31.7-4.550 734
Mining and quarrying-2.60.30.41 221
Manufacturing1.7-1.8-4.466 954
Food, beverages and tobacco0.50.44.817 500
Refined petro., chemicals, pharmac.-4.40.2-10.09 895
Basic metals-1.8-1.05.84 874
Machinery and equipment9.1-14.4-23.47 020
Ships, boats and oil platforms8.3-10.5-15.55 048
Electricity, gas and steam3.0-11.6-21.37 157

Source: Statistics Norway

The index value for turnover in manufacturing was 149.5 (2005=100) in the second quarter of 2015, compared to 152.3 in the previous quarter, according to seasonally-adjusted figures.

Three-month change: biggest fall in machinery and equipment

Seasonally-adjusted figures showed that the turnover in Norwegian manufacturing increased 1.8 per cent from June to August compared with the previous three-month period. The biggest contributor to the development was the industry machinery and equipment, with a decline of 14.4 per cent. In addition, the producers of ships, boats and oil platforms also showed a pronounced negative trend in the period. Food products however, had a growth of 1. 3 per cent and helped to curb the decrease in total turnover in Norwegian manufacturing.

The domestic market fell 5.3 per cent. In the export market, the turnover was up 2.6 per cent.

Monthly change: notable growth in turnover for machinery and equipment in August

Total Norwegian manufacturing turnover was up 1.7 per cent from July to August 2015, according to seasonally-adjusted figures.

The biggest contribution to the growth in turnover in Norwegian manufacturing was from machinery and equipment, which had an increase of 9.1 per cent. The producers of boats, ships and oil platforms had an increase of 8.3 per cent in the period. A couple of big shipments in August contributed to this development.

The industry grouping refined petroleum, chemical and pharmaceutical industry edged down 4.4 per cent.

Twelve-month change: fall in machinery and equipment

Calendar-adjusted figures showed an increase of 4.4 per cent in total manufacturing turnover in August 2015 compared to August 2014. The domestic market was down 8.5 per cent, while the export market was up 2.8 per cent.

The biggest contributors to the development in total turnover were machinery and equipment, with a decline of 23.4 per cent. The industry grouping refined petroleum, chemical and pharmaceutical industry was down 10 per cent. Producers of ships, boats and oil platforms also had a decline, which was 15.5 per cent.

Growth in the food industry limited the increase in the twelve-month period.

Monthly change: increase in the euro area and decline in Norway from June to July 2015

Manufacturing turnover in the euro area showed a slight decrease of 0.9 per cent, while there was an increase of 1.3 per cent in Norway in the period. Among the Nordic countries, Sweden and Denmark also saw an increase from June to July, according to Eurostat.