84916_not-searchable
/en/energi-og-industri/statistikker/pii/arkiv
84916
Minor changes in manufacturing
statistikk
2012-04-11T10:00:00.000Z
Energy and manufacturing;National accounts and business cycles;Energy and manufacturing
en
pii, Index of industrial production, industrial production, volume indicator, intermediate goods, capital goods, consumer goods, energy goodsEnergy , Oil and gas , Business cycles , Manufacturing, mining and quarrying , National accounts and business cycles, Energy and manufacturing
false

Index of industrial production, February 2012

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Minor changes in manufacturing

There was no change in Norwegian manufacturing from December 2011 to February 2012 compared with the previous three-month period, according to seasonally-adjusted figures.

Industries such as fabricated metal products, machinery and equipment, as well as ships, boats and oil platforms had a growth in production. The growth in these industries can be related to the record high investments made in the Norwegian petroleum sector (see Investment statistics, 1st quarter 2012 ). Paper and paper products and basic chemicals saw a downturn in production from December 2011 to February 2012 compared with the previous three-month period. The decrease in basic chemicals can partly be explained by a further decline in the solar-cell industry. Food products also saw a minor decrease in production in the same period.

Index of production for manufacturing. February 2000-February 2012, 2005=100

Growth in production from February 2011 to February 2012

Production in manufacturing went up by 0.8 per cent from February 2011 to February 2012, according to working-day adjusted figures. Industries like fabricated metal products, machinery and equipment together with ships, boats and oil platforms had a significant increase in production. Food products, paper and paper products and basic chemicals had a decrease in production in the same period.

Decline in manufacturing from January 2012 to February 2012

The output in manufacturing decreased by 0.7 per cent from January 2012 to February 2012, according to seasonally-adjusted figures. There was a decline in industries such as food products, paper and paper products and basic chemicals. Industries like wood and wood products and basic metals had an increase in production in the same period.

Norway and the euro area

There was a 1.7 per cent increase in Norwegian manufacturing output from January 2011 to January 2012, according to working-day adjusted figures. Industrial production in the euro area decreased by 0.5 per cent in the same period, according to figures published by Eurostat .

Monthly Index of production. February 2012 Changes in percent
 
 Adjusted for working-days 1Seasonally adjusted
 February 2011-February 2012December 2010-February 2011-
December 2011-February 2012		January 2012-February 2012September 2011-November 2011-
December 2011-February 2012
 
The overall index3.10.3-0.60.3
     
Oil and Gas Extraction-1.6-3.9-1.2-0.7
Manufacturing0.81.1-0.7-
Electricity, Gas and Steam Supply36.417.93.23.5
     
Main industrial groupings    
Intermediate goods9.47.10.22.3
Capital goods7.58.5-0.51.8
Consumer goods-5.1-4.7-0.9-0.9
Energy goods1.0-2.2-0.5
 
1  Adjusted for working-days and for moving holidays.

Interpretation of seasonally-adjusted figures

In order to facilitate the interpretation of the short-term development, the index of production publishes three-month moving averages of the seasonally-adjusted figures. We normally compare the latest non-overlapping three-month periods, for instance December 2011 to February 2012 compared with September to November 2011. Seasonally-adjusted monthly changes must be interpreted with caution.

Number of hours worked

Number of hours worked by contracted workers is included in the calculation of the Index of production for the first time from January 2012 onwards.

 

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