This is an archived release.
Continued fall in manufacturing turnover
Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing decreased by 1.3 per cent from the second to the third quarter of 2015. A decline of 0.9 per cent is also recorded from August to September.
|Seasonally adjusted||Calendar adjusted1||Unadjusted|
|Monthly change||Three-month change||Twelve-month change||NOK million|
|September 2015 / August 2015||July 2015 - September 2015 / April 2015 - June 2015||September 2015 / September 2014||September 2015|
|1Adjusted for working-days and for public holidays in Norway.|
|Extraction, mining, manufacturing and elec||-1.0||-2.8||-7.3||130 505|
|Extraction and related services||-5.1||-5.2||-18.0||46 635|
|Mining and quarrying||-2.3||-1.5||3.8||1 359|
|Food, beverages and tobacco||-1.4||0.1||2.2||19 534|
|Refined petro., chemicals, pharmac.||8.6||-4.1||13.3||10 260|
|Basic metals||1.2||-1.1||10.3||5 634|
|Machinery and equipment||-7.0||-7.2||-10.8||7 534|
|Ships, boats and oil platforms||-15.0||-10.1||-20.0||4 937|
|Electricity, gas and steam||22.6||0.0||-0.4||9 564|
The index value for turnover in manufacturing was 148.9 (2005=100) in the third quarter of 2015, compared to 150.9 in the previous quarter, according to seasonally-adjusted figures.
Three-month change: fall in all main industries
All the main industries showed a decrease in manufacturing turnover from the second to the third quarter of 2015. The biggest contributors pulling down total manufacturing turnover were building of ships, boats and oil platforms and machinery and equipment, which recorded a decrease of 10.1 and 7.2 per cent respectively. The reduction in manufacturing was further enhanced by a fall in fabricated metal products , basic metals and the grouping refined petroleum, chemical and pharmaceutical industries.
Food products, which account for about 26 per cent of total manufacturing turnover, remained almost unchanged in this period.
Monthly change: pronounced fall in building of ships, boats and oil platforms
Total Norwegian manufacturing turnover went down 0.9 per cent from August to September 2015, according to seasonally-adjusted figures. Building of ships, boats and oil platforms and fabricated metal products edged down strongly in this period, by 15 and 14.4 per cent respectively. Several large deliveries among a few leading suppliers in August can account for the September decline in turnover. Food products, machinery and equipment, and repair, installation of machinery also recorded a lower level of turnover in this period.
On the contrary, the grouping refined petroleum, chemical and pharmaceutical industries showed a positive development from August to September.
Twelve-month change: almost unchanged from September 2014
Calendar-adjusted figures showed that the total turnover went up 0.1 per cent in September 2015 compared to September 2014. While the domestic market showed a 4.2 per cent decline, the export market reported a 7.1 per cent growth.
The greatest decline in manufacturing turnover occurred in building of ships, boats and oil platforms and machinery and equipment, by 20 and 10.8 per cent respectively.
The grouping refined petroleum, chemical and pharmaceutical industries contributed the most to curb the decrease in total turnover, with growth of 13.3 per cent.
Monthly change: fall in the euro area, growth in Norway in August 2015
Norwegian manufacturing turnover went up 1.6 per cent from July to August 2015 according to seasonally-adjusted figures. Manufacturing turnover in the euro area experienced a decrease of 1.6 per cent. In the Nordic countries, Sweden and Denmark showed an increase of 2.3 and 0.5 per cent respectively from July to August 2015, according to Eurostat.
Find detailed figures from Turnover in oil and gas, manufacturing, mining and electricity supply