Stable manufacturing turnover
Energy and manufacturing;Energy and manufacturing
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
Index of industrial turnover monitors sales in oil and gas, manufacturing, mining & electricity. Turnover in manufacturing increased by 0.3 per cent from May to July 2015 compared to the previous three-month period.

Turnover in oil and gas, manufacturing, mining and electricity supplyJuly 2016



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Stable manufacturing turnover

Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased by 0.3 per cent from May to July 2016 compared to the previous three-month period. A 2.4 per cent decline was recorded from June to July 2016.

Turnover. Percentage change and NOK million
Seasonally adjustedCalendar adjusted1Unadjusted
Monthly changeThree-month changeTwelve-month changeNOK million
July 2016 / June 2016May 2016 - July 2016 / February 2016 - April 2016July 2016 / July 2015July 2016
1Adjusted for working-days and for public holidays in Norway.
Extraction, mining, manufacturing and elec-0.63.2-9.8103 832
Extraction and related services3.56.1-17.341 539
Mining and quarrying0.8-2.5-11.6940
Manufacturing-2.40.3-8.752 590
Food, beverages and tobacco-1.4-0.25.917 093
Refined petro., chemicals, pharmac.-5.84.2-16.18 852
Basic metals3.03.0-1.44 762
Machinery and equipment-11.7-22.8-47.82 998
Ships, boats and oil platforms-8.311.5-27.43 400
Electricity, gas and steam-4.811.437.58 762

The index value for turnover in manufacturing was 138.7 (2005=100) in the period May to July 2016, compared to 138.3 in the previous three-month period, according to seasonally-adjusted figures.

Three-month change: pronounced fall in machinery and equipment

Although manufacturing turnover was almost unchanged, some of the industrial sectors showed notable changes, both positive and negative.

Several large deliveries within the building of ships, boats and oil platforms and higher prices in the grouping refined petroleum products, and chemical and pharmaceutical products industry accounted these industries for the biggest contributors to the positive trend in the turnover.

However, machinery and equipment which recorded a strong decrease of 23 per cent was the biggest contributor to curb the growth. The falling trend in the investment activities in oil and gas sector is the main cause of the total decline in this industry.

Monthly change: decline in manufacturing turnover from June to July 2016

Total Norwegian manufacturing turnover went down 2.4 per cent from June to July 2016, according to seasonally-adjusted figures. Machinery and equipment had the largest negative share, while basic metals recorded the largest positive share in the total turnover.

Monthly change: decline in Norway and the euro area from May to June 2016

Manufacturing turnover in Norway and the euro area went down 1.4 and 1.5 per cent respectively from May to June 2016 according to seasonally-adjusted figures. In the Nordic countries, Sweden showed an unchanged level of turnover, while Denmark showed a slight increase of 0.3 per cent, according to Eurostat.

New indicators for petroleum-related supplier industriesOpen and readClose

New indicators for petroleum-related supplier industries are established in StatBank. These indicators are based on the analytical grouping which was presented in the article Strong growth for petroleum-related manufacturing and support activities from 2010 to 2013 (only in Norwegian).

The three groupings that will be published monthly are:

• Petroleum-related manufacturing and support activities

• Petroleum-related manufacturing (only supplier industries covered by section C)

• Manufacturing excluded petroleum-related industries