This is an archived release.
Decline in manufacturing turnover
Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing decreased by 2.1 per cent from June to August 2016 compared to the previous three-month period. A slight increase of 0.4 per cent was recorded from July to August.
|Seasonally adjusted||Calendar adjusted1||Unadjusted|
|Monthly change||Three-month change||Twelve-month change||NOK million|
|August 2016 / July 2016||June 2016 - August 2016 / March 2016 - May 2016||August 2016 / August 2015||August 2016|
|1Adjusted for working-days and for public holidays in Norway.|
|Extraction, mining, manufacturing and elec||-1.0||2.3||-12.9||113 488|
|Extraction and related services||-2.5||5.8||-24.0||39 286|
|Mining and quarrying||6.4||6.4||-1.8||1 269|
|Food, beverages and tobacco||0.3||0.3||6.0||19 927|
|Refined petro., chemicals, pharmac.||2.7||-1.7||-7.3||9 170|
|Basic metals||-5.2||3.6||-5.5||4 691|
|Machinery and equipment||16.6||-22.9||-40.6||4 227|
|Ships, boats and oil platforms||-5.7||-9.3||-30.0||3 634|
|Electricity, gas and steam||-3.4||15.0||27.7||9 521|
The index value for turnover in manufacturing was 136.6 (2005=100) in the period June to August 2016, compared to 139.6 in the previous three-month period, according to seasonally-adjusted figures.
Three-month change: strong fall in machinery and equipment
Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing decreased by 2.1 per cent from June to August 2016 compared to the previous three-month period. It was petroleum-related manufacturing, with a share of 24 per cent of total manufacturing turnover, helping to pull down the total turnover. The grouping of supplier industries to the oil and gas sector edged down 9.9 per cent (See Fig.5). Machinery and equipment, as one of the biggest suppliers, faced a strong decline of 23 per cent. The following suppliers to the oil and gas sector also contributed to the decline:
- Building of ships, boats and oil platforms
- Repair, installation of machinery
- Computer and electrical equipment
A rise in food products, basic metals and the fabricated metal products industry helped to curb the reduction in total turnover.
Monthly change: slight increase in manufacturing turnover from July to August
Total Norwegian manufacturing turnover went up 0.4 per cent from July to August 2016, according to seasonally-adjusted figures. The biggest contributor to the increase was machinery and equipment. The grouping refined petroleum, chemical and pharmaceutical industries also showed a rise in this period.
On the other hand, the rubber, plastic and mineral products industry edged down 9.2 per cent. The reduction was enhanced by a downturn in the basic metals industry and fabricated metal products which curb the growth in the total turnover.
Monthly change: decline in Norway, unchanged in the euro area in July 2016
Manufacturing turnover in Norway went down 2.6 per cent from June to July 2016 according to seasonally-adjusted figures, while manufacturing turnover in the euro area remained almost unchanged.
In the Nordic countries, Sweden showed an increase of 3.8 per cent, while Denmark also remained unchanged, 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