This is an archived release.
Still decline in manufacturing turnover
Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing decreased by 2.0 per cent from September to November compared to the previous three-month period. However, a slight increase of 0.7 per cent was recorded from October to November.
|Seasonally adjusted||Calendar adjusted1||Unadjusted|
|Monthly change||Three-month change||Twelve-month change||NOK million|
|November 2016 / October 2016||September 2016 - November 2016 / June 2016 - August 2016||November 2016 / November 2015||November 2016|
|1Adjusted for working-days and for public holidays in Norway.|
|Extraction, mining, manufacturing and elec||4.7||-1.3||-0.7||129 269|
|Extraction and related services||10.3||0.4||-4.8||45 799|
|Mining and quarrying||-0.8||-14.0||-15.8||913|
|Food, beverages and tobacco||0.8||1.7||6.3||22 160|
|Refined petro., chemicals, pharmac.||3.2||-15.9||-24.6||7 485|
|Basic metals||5.1||0.2||3.8||5 066|
|Machinery and equipment||-6.2||-4.9||-38.6||3 935|
|Ships, boats and oil platforms||4.4||3.8||4.2||4 677|
|Electricity, gas and steam||7.6||-1.9||38.7||15 481|
The index value for turnover in manufacturing was 134.5 (2005=100) in the period September to November 2016, compared to 137.2 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 2.0 per cent from September to November compared with the previous three-month period.
The grouping refined petroleum, chemical and pharmaceutical industries edged down 16 per cent, mainly due to planned maintenance shutdowns among a few leading suppliers in September 2016. With a share of 11 per cent of total manufacturing turnover, this grouping was the biggest contributor pulling down total manufacturing turnover.
On the other hand, food products and building of ships, boats, and oil platforms rose 1.3 and 3.8 per cent respectively. In addition to these industries, a slight growth in non-ferrous metals also helped to curb the reduction in total turnover.
Monthly change: slight growth in manufacturing turnover from October to November
Total Norwegian manufacturing turnover went up 0.7 per cent from October to November 2016, according to seasonally-adjusted figures. Most of the industries contributed to the positive development.
However, the grouping refined petroleum, chemical and pharmaceutical industries and repair, installation and machinery edged down 6.2 and 2.0 per cent respectively.
Monthly change: decline in Norway, slight growth in the euro area in October 2016
Manufacturing turnover in Norway went down 2.3 per cent from September to October 2016 according to seasonally-adjusted figures, while manufacturing turnover in the euro area went up 0.6 per cent.
In the Nordic countries, Sweden showed an increase of 2.1 per cent, while Denmark faced a 0.9 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