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54407
Minor changes in manufacturing
statistikk
2011-05-06T10:00:00.000Z
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 productionMarch 2011

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Minor changes in manufacturing

Production in manufacturing increased by 0.5 per cent in the first quarter of 2011 compared with the last quarter of 2010, according to seasonally-adjusted figures.

Industries like computer and electrical equipment, basic metals as well as machinery and equipment saw a growth in production in this last period. The output also increased in repair and installation of machinery and transport equipment. Ships, boats and oil platforms had a drop in the output in the first quarter of 2011 together with wood and wood products and paper and paper products.

Index of production for manufacturing. January 2000-March 2011, 2005=100

From March 2010 to March 2011

Production in manufacturing increased by 3.0 per cent from March 2010 to March 2011, according to working-day adjusted figures. Output in refined petroleum, chemicals and pharmaceutical products and computer and electrical equipment went up by 10.7 and 28.3 per cent respectively. Ships, boats and oil platforms have also seen a growth in production, while food products had a drop.

From February to March 2011

The output in manufacturing went up 0.9 per cent from February to March 2011, according to seasonally-adjusted figures. Computer and electrical equipment and wood and wood products saw an increase in production, while the output decreased in food products and basic chemicals. Temporary shutdowns have affected output in food products in March 2011.

Norway and the euro area

There was a 2.0 per cent increase in Norwegian manufacturing output from February 2010 to February 2011, according to working-day adjusted figures. Industrial production in the euro area increased by 9.3 per cent in the same period, according to figures published by Eurostat .

Monthly Index of production. March 2011. Changes in per cent
 
  Adjusted for working-days1 Seasonally adjusted
  March 2010-
March 2011
    Jan. 2010- March 2010-
Jan. 2011-March 2011
    Feb. 2011-
March 2011
    Oct. 2010-Dec. 2010-
Jan. 2011-March 2011
 
The overall index -6.5 -6.4 -1.5 -3.7
         
Oil and Gas Extraction -10.5 -9.5 -2.8 -4.1
Manufacturing 3.0 2.8 0.9 0.5
Electricity, Gas and Steam Supply -7.0 -16.4 0.6 -14.9
         
Main industrial groupings        
Intermediate goods 10.1 6.4 2.5 0.2
Capital goods 1.9 1.9 -0.3 0.4
Consumer goods -2.1 -0.5 - -2.5
Energy goods -11.4 -10.7 -2.4 -4.9
 
1  Adjusted for working-days and for public holidays in Norway.

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 January to March 2011 compared with October to December 2010. Seasonally-adjusted monthly changes must be interpreted with caution.

 

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