This is an archived release.
Almost unchanged manufacturing turnover
Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing decreased by 0.6 per cent from March to May 2016 compared to the previous three-month period. However, a 2.1 per cent growth was recorded from April to May 2016.
|Seasonally adjusted||Calendar adjusted1||Unadjusted|
|Monthly change||Three-month change||Twelve-month change||NOK million|
|May 2016 / April 2016||March 2016 - May 2016 / December 2015 - February 2016||May 2016 / May 2015||May 2016|
|1Adjusted for working-days and for public holidays in Norway.|
|Extraction, mining, manufacturing and elec||1.0||-2.4||-14.0||113 397|
|Extraction and related services||-2.1||-7.1||-27.9||38 491|
|Mining and quarrying||-14.0||0.8||-17.7||1 005|
|Food, beverages and tobacco||1.3||0.9||9.4||18 286|
|Refined petro., chemicals, pharmac.||6.0||-0.3||-8.3||9 612|
|Basic metals||-1.6||-0.4||-11.3||4 833|
|Machinery and equipment||-5.3||-9.5||-41.0||4 270|
|Ships, boats and oil platforms||7.2||-0.8||-14.0||5 680|
|Electricity, gas and steam||6.6||4.9||4.1||9 794|
The index value for turnover in manufacturing is 140.0 (2005=100) in the period March to May 2016, compared to 140.8 in the previous three-month period, according to seasonally-adjusted figures.
Three-month change: turnover slightly down
Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing decreased by 0.6 per cent from March to May 2016 compared to the previous three-month period. However, some of the industrial sectors showed notable negative changes. Machinery and equipment and fabricated metal products fell 9.5 and 6.1 per cent respectively. Repair, installation of machinery also edged down 3.9 per cent. Lower investment activities in the oil and gas sector led to the decline in these industries.
Monthly change: growth for refined petroleum, chemical and pharmaceutical industries
Total Norwegian manufacturing turnover went up 2.1 per cent from April to May 2016, according to seasonally-adjusted figures. The following industries contributed to the increase:
• Refined petroleum products, basic chemicals, and chemical and pharmaceutical products
• Building of ships, boats and oil platforms
• Computer and electrical equipment
• Rubber, plastic and mineral products
• Food products
On the contrary, fabricated metal products, basic metal, machinery and equipment, and repair, installation of machinery were among the industries helping to pull up the turnover in this period.
Twelve-month change: strong fall in machinery and equipment from May 2015
Calendar-adjusted figures showed that the total turnover went down 5.6 per cent from May 2016 compared to May 2015. It was the export market in particular that pulled turnover down with a 10 per cent decline in the twelve-month period, however, the domestic turnover also showed a 2.3 per cent fall in this period.
Machinery and equipment recorded the strongest negative trend (41 per cent) from May 2015, while food products with a 9.6 per cent growth helped to curb the reduction in total turnover.
Monthly change: slight growth in the euro area in April 2016
Norwegian manufacturing turnover went down 0.6 per cent from March to April 2016 according to seasonally-adjusted figures. Manufacturing turnover in the euro area faced a slight increase of 0.9 per cent. In the Nordic countries, Sweden and Denmark showed an increase of 7.3 and 1.9 per cent respectively from March to April 2016, according to Eurostat.
Find detailed figures from Turnover in oil and gas, manufacturing, mining and electricity supply