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Energy and manufacturing
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PPI went up
After two months of significant decreases, the Producer Price Index (PPI) rose 0.3 per cent from December to January. Increased prices on fish, electricity and crude oil were the main contributors.
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Further increase in manufacturing turnover in fourth quarter
Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased by 1.6 per cent from the third to the fourth quarter of 2018. Increased turnover within machinery and equipment and ships, boats and oil platforms was ...
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Ships and oil platforms contribute to growth in manufacturing output
Norwegian manufacturing output saw a strong increase of 1.5 per cent from the third to the fourth quarter of 2018, according to seasonally-adjusted figures. This is the third consecutive quarter with output growth in 2018. The increase in the four...
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Record high wind power generation
A total of 3.9 TWh of wind power was generated in 2018, which is 36 per cent or 1 TWh more than in 2017 and the highest level ever recorded.
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Expected activity increase in manufacturing
Norwegian industrial managers report a production level increase as well as growth in the total stocks of orders in the fourth quarter of 2018. The general expectations for the first quarter of 2019 are also positive among most of the industry lea...
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Decrease in sales of 6 per cent in December 2018
Total sales of petroleum products in December amounted to 598 million liters.
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Lower petroleum prices drove the PPI down
The Norwegian PPI dropped 3.5 per cent from November to December. This was caused by lower prices on crude oil, natural gas and refined petroleum products.
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Further increase in manufacturing turnover
Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased by 2.5 per cent from September to November compared to the previous three-month period. The turnover was unchanged from October to November.
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Growth in manufacturing output
Norwegian manufacturing output saw an increase of 0.9 per cent from September to November 2018 compared to the previous three-month period, according to seasonally-adjusted figures. The growth is particularly related to strong activity within ship...
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Decrease in sales of 2 per cent in November 2018
Total sales of petroleum products in November amounted to 695 million liters.
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Development has changed in the extraction industry
After two years of decline, the development has been reversed in the industries within extraction of oil and natural gas. However, production costs and staffing numbers have continued to be cut.
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Sharp fall in crude oil prices
The producer price index fell for the first time since February 2018. Higher prices on electricity were offset by a substantial fall in the price of crude oil.
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Output growth in shipbuilding
Norwegian manufacturing output saw an increase of 1 per cent in the period from August to October 2018 compared to the previous three-month period, according to seasonally-adjusted figures. The growth is particularly due to high activity within sh...
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Manufacturing turnover increases further
Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased by 2.2 per cent from August to October compared to the previous three-month period. A 0.3 per cent increase was recorded from September to October.
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Continued high power investments in 2017
Investment in the power industry rose by 15.4 per cent from 2016 to 2017 to NOK 29.8 billion, which was the highest investment in the industry ever.
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