This is an archived release.
Slight decline in manufacturing turnover
Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing decreased by 0.8 per cent from August to October compared to the previous three-month period. A decline of 1.1 per cent is also recorded from September to October.
|Seasonally adjusted||Calendar adjusted1||Unadjusted|
|Monthly change||Three-month change||Twelve-month change||NOK million|
|October 2015 / September 2015||August 2015 - October 2015 / May 2015 - July 2015||October 2015 / October 2014||October 2015|
|1Adjusted for working-days and for public holidays in Norway.|
|Extraction, mining, manufacturing and elec||-0.6||-1.2||-9.3||136 365|
|Extraction and related services||3.0||-3.1||-16.7||53 368|
|Mining and quarrying||-5.9||-6.2||-7.3||1 206|
|Food, beverages and tobacco||2.9||1.2||6.7||21 080|
|Refined petro., chemicals, pharmac.||0.2||-3.8||0.8||10 304|
|Basic metals||-12.8||-6.3||-11.6||4 755|
|Machinery and equipment||1.8||-3.4||-12.1||7 094|
|Ships, boats and oil platforms||-14.6||-11.4||-39.7||4 045|
|Electricity, gas and steam||-13.4||9.2||-5.7||9 711|
The index value for turnover in manufacturing was 148.1 (2005=100) in the period August to October 2015, compared to 149.3 in the previous three-month period, according to seasonally-adjusted figures.
Three-month change: strong fall in building of ships, boats and oil platforms
Seasonally-adjusted figures showed that the turnover in Norwegian manufacturing decreased 0.8 per cent from August to October compared with the previous three-month period. Most of the main industries in manufacturing recorded a reduction in this period.
The biggest contributor pulling down total manufacturing turnover was building of ships, boats and oil platforms, which went down 11.4 per cent. According to the Index of industrial production, this industry also recorded a reduction in production volume, where lower investment activity in the oil and gas sector accounts for much of the decline.
Meanwhile, a 6.3 per cent fall was recorded for basic metals, mainly as a result of a decline in non-ferrous metals. According to the producer price index, this sub-industry also faced a significant negative trend in prices in the non-ferrous market (NOK) during this period. The reduction in manufacturing was further enhanced by a downturn in the turnover for machinery and equipment, repair and installation of machinery, and the grouping refined petroleum, chemical and pharmaceutical industries.
Conversely, food products as well as the rubber, plastic and mineral products industry showed a growth and partially offset the decrease in total turnover in this period.
Monthly change: basic metal edged down strongly in October
Total Norwegian manufacturing turnover went down 1.1 per cent from September to October 2015, according to seasonally-adjusted figures. The basic metal industry and building of ships, boats and oil platforms showed a significant decrease of 12.8 and 14.6 per cent respectively.
On the contrary, food products, which had a share of almost 28 per cent of total manufacturing turnover, rose 3.1 per cent. The growth in this industry was particularly strong within fish and fish products together with meat and meat products.
Twelve-month change: building of ships, boats and oil platforms posts the largest decrease
Calendar-adjusted figures showed that the total turnover went down 3.6 per cent in October 2015 compared to October 2014. Both the domestic and export market showed a decline, by 4.5 and 2.3 per cent respectively.
With a 39.7 per cent decrease, building of ships, boats and oil platforms was the strongest contributor to the decline. However, a 7.1 per cent growth in the food industry curbed the fall in the twelve-month change.
Monthly change: fall in the euro area and Norway in September 2015
Norwegian manufacturing turnover went down 0.9 per cent from August to September 2015 according to seasonally-adjusted figures. Manufacturing turnover in the euro area also faced a decrease of 0.7 per cent. In the Nordic countries, Sweden and Denmark showed an increase of 0.2 and 1.9 per cent respectively from July to August 2015, according to Eurostat.
Figures for Support activities for petroleum and natural gas extraction are now in StatbankOpen and readClose
From October 2015, figures for Support activities for petroleum and natural gas extraction on will be published. According to SIC2007, Services in oil and gas extraction is grouped in section B Mining and quarrying. Producers within this industry supply, among other things, services related to drilling in exploration, appraisal and production wells, together with other services related to offshore activities such as installation of floating and fixed structures both above and below the sea floor. The time series is from the year 2014. This industry has always been a part of the aggregate Extraction and related services, but now its time series is published separately in Statbank and tables.
Find detailed figures from Turnover in oil and gas, manufacturing, mining and electricity supply