This is an archived release.
Negative trend in manufacturing turnover
Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing decreased by 2.6 per cent from August to October compared to the previous three-month period. A decline of 1.9 per cent is also recorded from September to October.
|Seasonally adjusted||Calendar adjusted1||Unadjusted|
|Monthly change||Three-month change||Twelve-month change||NOK million|
|October 2016 / September 2016||August 2016 - October 2016 / May 2016 - July 2016||October 2016 / October 2015||October 2016|
|1Adjusted for working-days and for public holidays in Norway.|
|Extraction, mining, manufacturing and elec||2.5||-2.8||-10.2||120 804|
|Extraction and related services||3.3||-2.6||-19.4||43 002|
|Mining and quarrying||-23.0||-2.1||-23.1||887|
|Food, beverages and tobacco||-0.1||1.2||6.5||21 667|
|Refined petro., chemicals, pharmac.||1.5||-12.9||-30.5||7 169|
|Basic metals||-5.2||-1.5||3.6||4 719|
|Machinery and equipment||-8.2||-1.1||-38.7||4 327|
|Ships, boats and oil platforms||1.2||-8.3||-1.5||4 097|
|Electricity, gas and steam||28.2||-4.2||30.3||12 179|
The index value for turnover in manufacturing was 135.4 (2005=100) in the period August to October 2016, compared to 139.0 in the previous three-month period, 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 2.6 per cent from August to October compared with the previous three-month period.
The grouping refined petroleum, chemical and pharmaceutical industries edged down 13 per cent, mainly due to planned maintenance shutdowns among a few leading suppliers in September 2016. With a share of 12 per cent of total manufacturing turnover, this grouping was the biggest contributor in pulling down total manufacturing turnover.
On the other hand, food products and fabricated metal products rose 1.0 and 1.5 per cent respectively, and helped to curb the reduction in total turnover.
Monthly change: decline in manufacturing turnover from September to October
Total Norwegian manufacturing turnover went down 1.9 per cent from September to October 2016, according to seasonally-adjusted figures. The following industries contributed most to the decline:
- Machinery and equipment
- Basic chemical products
- Fabricated metal products
- Basic metals
A growth in the grouping refined petroleum, chemical and pharmaceutical industries and building of ships, boats, and oil platforms helped to dampen the reduction in total turnover.
Monthly change: slight changes in Norway and the euro area in September 2016
Manufacturing turnover in Norway went up 0.3 per cent from August to September 2016 according to seasonally-adjusted figures, while manufacturing turnover in the euro area edged down 0.8 per cent. In the Nordic countries, Sweden showed an increase of 5.7 per cent, while Denmark faced a 3.7 per cent decline, 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