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Downturn in production continues
Output in Norwegian manufacturing decreased by 2.8 per cent in March to May 2009 compared with the previous three-month period, according to seasonally-adjusted figures. This is partly related to the significant drop in basic metals.
The output in basic metals went down 9.4 per cent during this last period of three months. Since July 2008, basic metals have seen a drop of 34 per cent in production due to the downturn in demand from foreign markets following the financial crisis. Paper and paper products and fabricated metal products have also seen a significant drop in output.
Growth in some industries
Some industries have still seen a growth in output during the last period of three months compared to the previous one. Wood and wood products had 0.8 per cent growth in the output after a downturn in the previous periods. The growth within machinery and equipment n.e.c and ships, boats and oil platforms has continued with 1.1 per cent and 0.6 per cent in March to May 2009 compared with the previous three months.
From May 2008 to May 2009
The output in manufacturing decreased by 9.8 per cent from May 2008 to May 2009, according to working-day adjusted figures. Basic metals, rubber, plastic and mineral production and transport equipment n.e.c have had a significant drop in the output in this period, while machinery and equipment and ships, boats and oil platforms had an increase of 3.1 per cent and 5.9 per cent.
From April to May 2009
Output in Norwegian manufacturing went down 0.7 per cent from April to May 2009, according to seasonally-adjusted figures. The production in basic metals and furniture and manufacturing n.e.c had the largest drop in output, while wood and wood products as well as paper and paper products had a growth in output from April to May 2009.
Norway and the Euro area
There was a 10.6 per cent decrease in Norwegian manufacturing output from April 2008 to April 2009, according to working-day adjusted figures. Industrial production in the Euro area dropped 21.6 per cent in the same period, according to figures published by Eurostat.
| Adjusted for working-days 1 | Seasonally adjusted | ||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May 2008-May 2009 | January 2008-May 2008- January 2009-May 2009 | April 2009-May 2009 | December 2008-February 2009- March 2009-May 2009 | ||||||||||||||||||||||||||||||||||||
| The overall index | -7.8 | -2.2 | -3.1 | -4.3 | |||||||||||||||||||||||||||||||||||
| Oil and Gas Extraction | -7.6 | -0.3 | -4.2 | -4.8 | |||||||||||||||||||||||||||||||||||
| Manufacturing | -9.8 | -6.6 | -0.7 | -2.8 | |||||||||||||||||||||||||||||||||||
| Electricity, Gas and Steam Supply | -16.3 | -8.0 | -2.2 | -10.6 | |||||||||||||||||||||||||||||||||||
| Main industrial groupings | |||||||||||||||||||||||||||||||||||||||
| Intermediate goods | -7.7 | -5.5 | 2.3 | -9.2 | |||||||||||||||||||||||||||||||||||
| Capital goods | -0.6 | 5.3 | -0.1 | -0.5 | |||||||||||||||||||||||||||||||||||
| Consumer goods | -6.3 | -7.3 | -2.2 | -1.4 | |||||||||||||||||||||||||||||||||||
| Energy goods | -1.3 | -0.7 | 0.8 | -1.5 | |||||||||||||||||||||||||||||||||||
| 1 | Adjusted for working-days and for public holidays in Norway. |
Documentation on seasonal adjustmentsStatistics Norway has developed general and survey specific documentation of seasonal adjustment practices. The documentation is based on the European Statistical System (ESS): Guidelines on seasonal adjustment . This documentation clarifies the seasonal adjustment practices in use in Statistics Norway, and simplifies a comparison between surveys. Different quality measures are also published in the survey specific documentation. The survey specific documentation is available in the left margin under About seasonal adjustments . The general documentation is available under: http://www.ssb.no/english/metadata/methods/seasonal_adjustments.pdf |
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