Index of industrial production, November 2011

Industries such as machinery and equipment, and ships, boats and oil platforms had an increase in production. The growth in these industries can be related to the record high investments made in the Norwegian petroleum sector in 2011 (see Investment statistics, 4th quarter 2011 ). On the other hand, other parts of Norwegian industry saw a decrease in production due to a decline in demand from abroad. This applies to, for instance, industries such as basic chemicals and non-ferrous metals. For other industries such as food products there were only minor changes from September to November 2011 compared with the previous three-month period.

From November 2010 to November 2011

Production in manufacturing increased by 0.4 per cent from November 2010 to November 2011, according to working-day adjusted figures. Industries like computer and electrical equipment, machinery and equipment, together with ships, boats and oil platforms had a growth in production. On the other hand, food products, basic chemicals and basic metals had a drop in production.

From October to November 2011

The output in manufacturing went up 0.2 per cent from October to November 2011, according to seasonally-adjusted figures. Wood and wood products, fabricated metal products and machinery and equipment had a growth in production. Basic chemicals, basic metals, and computer and electrical equipment saw a decrease in production from October to November 2011.

Norway and the euro area

There was a 0.7 per cent increase in Norwegian manufacturing output from October 2010 to October 2011, according to working-day adjusted figures. Industrial production in the euro area increased by 2.2 per cent in the same period, according to figures published by Eurostat .