This is an archived release.
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.
|Seasonally adjusted||Calendar adjusted1||Unadjusted|
|Monthly change||Three-month change||Twelve-month change||NOK million|
|July 2016 / June 2016||May 2016 - July 2016 / February 2016 - April 2016||July 2016 / July 2015||July 2016|
|1Adjusted for working-days and for public holidays in Norway.|
|Extraction, mining, manufacturing and elec||-0.6||3.2||-9.8||103 832|
|Extraction and related services||3.5||6.1||-17.3||41 539|
|Mining and quarrying||0.8||-2.5||-11.6||940|
|Food, beverages and tobacco||-1.4||-0.2||5.9||17 093|
|Refined petro., chemicals, pharmac.||-5.8||4.2||-16.1||8 852|
|Basic metals||3.0||3.0||-1.4||4 762|
|Machinery and equipment||-11.7||-22.8||-47.8||2 998|
|Ships, boats and oil platforms||-8.3||11.5||-27.4||3 400|
|Electricity, gas and steam||-4.8||11.4||37.5||8 762|
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 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
Find detailed figures from Turnover in oil and gas, manufacturing, mining and electricity supply