This is an archived release.
Manufacturing turnover falls in the 3rd quarter
Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing decreased by 2.0 per cent from the second to the third quarter of 2016. However, a slight increase of 0.5 per cent was recorded from August to September.
|Seasonally adjusted||Calendar adjusted1||Unadjusted|
|Monthly change||Three-month change||Twelve-month change||NOK million|
|September 2016 / August 2016||July 2016 - September 2016 / April 2016 - June 2016||September 2016 / September 2015||September 2016|
|1Adjusted for working-days and for public holidays in Norway.|
|Extraction, mining, manufacturing and elec||-3.4||-1.3||-14.2||112 777|
|Extraction and related services||-6.1||-0.9||-25.4||35 545|
|Mining and quarrying||-4.3||2.9||-7.2||1 251|
|Food, beverages and tobacco||1.8||0.6||10.3||21 539|
|Refined petro., chemicals, pharmac.||-17.8||-10.5||-34.0||6 773|
|Basic metals||5.1||2.6||-0.7||5 496|
|Machinery and equipment||4.2||-1.8||-30.3||5 269|
|Ships, boats and oil platforms||10.0||-12.7||-12.1||4 116|
|Electricity, gas and steam||-15.3||0.4||-15.1||8 119|
The index value for turnover in manufacturing was 136.8 (2005=100) in the third quarter of 2016, compared to 139.6 in the previous quarter, according to seasonally-adjusted figures.
Three-month change: fall in refined petroleum, chemical and pharmaceutical industries
Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing decreased by 2.0 per cent from the second to the third quarter of 2016. The grouping refined petroleum, chemical and pharmaceutical industries edged down 11 per cent. This industry, accounted for about 14 per cent of total manufacturing turnover, was the biggest contributor to the decline. Building of ships, boats and oil platforms also showed a 13 per cent decline, mainly due to several large deliveries among a few leading suppliers in the second quarter of 2016.
A rise in food products, basic metals and the fabricated metal products industry helped to curb the reduction in total turnover.
Monthly change: increase in building of ships, boats and oil platforms
Total Norwegian manufacturing turnover went up 0.5 per cent from August to September 2016, according to seasonally-adjusted figures. Most of the main industries in manufacturing recorded a positive trend in this period. Building of ships, boats and oil platforms, with a growth of 10 per cent, was the biggest contributor to the increase.
Conversely, turnover in the grouping refined petroleum, chemical and pharmaceutical industries showed a strong decline of 18 per cent, mainly du to planned maintenance shutdown among a few leading suppliers in September 2016.
Monthly change: nearly unchanged in Norway, growth in the euro area in August 2016
Manufacturing turnover in Norway went down 0.5 per cent from July to August ne to July 2016 according to seasonally-adjusted figures, while manufacturing turnover in the euro area edged up 2.3 per cent.
In the Nordic countries, Sweden showed a decrease of 5.7 per cent, while Denmark 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