243897
/en/energi-og-industri/statistikker/ogibkoms/maaned
243897
Fall in manufacturing turnover in the last quarter of 2016
statistikk
2017-02-06T08:00:00.000Z
Energy and manufacturing;Energy and manufacturing
en
ogibkoms, Turnover in oil and gas, manufacturing, mining and electricity supply, industrial turnover, domestic market, export market, valueEnergy , Oil and gas , Manufacturing, mining and quarrying , Energy and manufacturing
false
Index of industrial turnover monitors sales in oil and gas, manufacturing, mining& electricity. Turnover in manufacturing decreased by 2.1 per cent in the forth quarter of 2016..

Turnover in oil and gas, manufacturing, mining and electricity supplyDecember 2016

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Fall in manufacturing turnover in the last quarter of 2016

Total manufacturing turnover decreased 2.1 per cent in the forth quarter compared to the third quarter of 2016. However, it was almost unchanged from November to December.

Turnover. Percentage change and NOK million
Seasonally adjustedCalendar adjusted1Unadjusted
Monthly changeThree-month changeTwelve-month changeNOK million
December 2016 / November 2016October 2016 - December 2016 / July 2016 - September 2016December 2016 / December 2015December 2016
1Adjusted for working-days and for public holidays in Norway.
Extraction, mining, manufacturing and elec0.23.73.7131 415
Extraction and related services5.810.110.052 004
Mining and quarrying14.4-17.6-10.7910
Manufacturing-0.2-2.1-7.261 480
Food, beverages and tobacco0.41.76.619 418
Refined petro., chemicals, pharmac.9.1-4.6-14.88 083
Basic metals-0.5-0.75.94 709
Machinery and equipment-0.3-21.2-46.13 428
Ships, boats and oil platforms-14.11.9-28.24 054
Electricity, gas and steam-16.514.837.017 020

The index value for turnover in manufacturing was 133.3 (2005=100) in the forth quarter of 2016, compared to 136.2 in the third quarter, according to seasonally-adjusted figures

Three-month change: pronounced fall for suppliers to the oil and gas sector industries

A 2.1 per cent decline in the total turnover is mainly due to the reduced activities among the suppliers to the oil and gas sector industries, where the machinery and the equipment industry posted the largest decrease. This was followed by fabricated metal products, which went down significantly. Moreover, the grouping refined petroleum, chemical and pharmaceutical industries edged down in this period. 

Conversely, food products, textile wearing apparels and leather in addition to repair, installation of machinery recorded an increase and partially offset the decline in total turnover in the last quarter of 2016. 

Monthly change: stable manufacturing turnover from November to December

Total Norwegian manufacturing turnover went down 0.2 per cent from November to December 2016, according to seasonally-adjusted figures. Despite the unchanged total turnover, some of the industries showed notable changes, both positive and negative. The following industries showed a growth and contributed most to curb the decline in total turnover: 

• Grouping refined petroleum, chemical and pharmaceutical

• Rubber, plastic and mineral products

• Repair, installation of machinery

Several large deliveries registered in November led to a decline in building of ships, boats and oil platforms. With a decline in fabricated metal products, these two industries were the biggest contributors to pulling down total turnover. 

Annual change: 2016, a tough year for manufacturing

The turnover in Norwegian manufacturing showed a negative annual change of 7.5 per cent from 2015 to 2016. Both the domestic and export market showed a downturn. Statistics Norway will publish a separate article regarding annual changes in manufacturing turnover in 2016 on Tuesday, 21st February 2017. 

Monthly change: growth in the euro area, slight increase in Norway

Norwegian manufacturing turnover went up 0.4 per cent from October to November 2016, according to seasonally-adjusted figures. Manufacturing turnover in the euro area showed an increase of 1.5 per cent. Among the Nordic countries, Denmark rose 3.4 per cent, and Sweden edged up 0.9 per cent, according to Eurostat.