Manufacturing turnover still at a high level

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Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing increased by 0.4 per cent in the period November 2019 to January 2020 compared with the previous three-month period. A 1.4 per cent increase in manufacturing turnover was recorded from December 2019 to January 2020.

Written by: Robert Skotvold

The index value for turnover in manufacturing was 162.7 (2005=100) in the period November 2019 to January 2020. compared to 162.1 in the previous three-month period, according to seasonally-adjusted figures.

1 The index value for period m is the average of period m, m-1 and m-2.

Figure 1. Index of turnover for manufacturing. Seasonally adjusted. Three-month moving average¹. 2005=100

Index of turnover for manufacturing
Jan. 2010 137.1
Feb. 2010 136
Mar. 2010 135.1
Apr. 2010 135.5
May 2010 136.3
June 2010 137.5
July 2010 138.2
Aug. 2010 136.8
Sep. 2010 134.5
Okt. 2010 134.7
Nov. 2010 137.3
Dec. 2010 138.3
Jan. 2011 137.4
Feb. 2011 136.6
Mar. 2011 135.4
Apr. 2011 136.7
May 2011 136.4
June 2011 137.9
July 2011 136.7
Aug. 2011 136.2
Sep. 2011 136.1
Okt. 2011 137.1
Nov. 2011 139.1
Dec. 2011 141.6
Jan. 2012 143.4
Feb. 2012 144
Mar. 2012 143.8
Apr. 2012 142.7
May 2012 143.2
June 2012 142.8
July 2012 143.8
Aug. 2012 143.6
Sep. 2012 144.9
Okt. 2012 145
Nov. 2012 145.8
Dec. 2012 145.4
Jan. 2013 146.6
Feb. 2013 145.5
Mar. 2013 146.7
Apr. 2013 146
May 2013 146.2
June 2013 147.5
July 2013 150.9
Aug. 2013 153.6
Sep. 2013 153.9
Okt. 2013 152.1
Nov. 2013 151.7
Dec. 2013 151.2
Jan. 2014 150.2
Feb. 2014 151.2
Mar. 2014 150.2
Apr. 2014 151.9
May 2014 150.4
June 2014 149.7
July 2014 148.7
Aug. 2014 151.2
Sep. 2014 151.3
Okt. 2014 151.7
Nov. 2014 150.6
Dec. 2014 152
Jan. 2015 150
Feb. 2015 150
Mar. 2015 151.1
Apr. 2015 153.4
May 2015 152.3
June 2015 150.7
July 2015 149.2
Aug. 2015 148.8
Sep. 2015 147.9
Okt. 2015 147.5
Nov. 2015 144.7
Dec. 2015 143.4
Jan. 2016 141.2
Feb. 2016 139.9
Mar. 2016 138.8
Apr. 2016 138.1
May 2016 139.7
June 2016 139.5
July 2016 139.4
Aug. 2016 137.4
Sep. 2016 136.5
Okt. 2016 134.9
Nov. 2016 134.3
Dec. 2016 133.3
Jan. 2017 135.4
Feb. 2017 137.7
Mar. 2017 140.1
Apr. 2017 140.3
May 2017 138.6
June 2017 137.6
July 2017 137.8
Aug. 2017 139.8
Sep. 2017 140.7
Okt. 2017 141.5
Nov. 2017 142.4
Dec. 2017 145
Jan. 2018 145.5
Feb. 2018 145.6
Mar. 2018 144.9
Apr. 2018 146.1
May 2018 148.9
June 2018 151.7
July 2018 153.4
Aug. 2018 153.4
Sep. 2018 154.1
Okt. 2018 155.3
Nov. 2018 156.4
Dec. 2018 155.3
Jan. 2019 156.1
Feb. 2019 156.2
Mar. 2019 157.3
Apr. 2019 157.8
May 2019 158.6
June 2019 159.9
July 2019 159.3
Aug. 2019 159.9
Sep. 2019 160.7
Okt. 2019 162.1
Nov. 2019 162.9
Dec. 2019 163.3
Jan. 2020 162.7

Three-month change: refined petroleum, chemicals and pharmaceuticals contributes to the growth

Seasonally-adjusted figures show that the turnover in Norwegian manufacturing increased by 0.4 per cent in the period November 2019 to January 2020 compared to the previous three month period. The domestic market contributed to the growth.

The largest contribution to the increase in Norwegian manufacturing came from the industry grouping refined petroleum, chemicals and pharmaceutical products which saw an increase of 3.1 per cent in the period. Increased prices on refined petroleum products was a contributing factor to the increased turnover for the industry grouping refined petroleum, chemicals and pharmaceutical products.

Other industries that contributed positively were:

  • Fabricated metal products
  • Machinery and equipment
  • Food products

1 ¹ The index value for period m is the average of period m, m-1 and m-2.

Figure 2. Selected industries. Seasonally adjusted. Three-month moving average¹

Food, beverages and tobacco Refined petro. chemicals, pharmac. Fabricated metal products Ships, boats and oil platforms Machinery and equipment
Jan. 2014 168.1 152.4 172.4 129.6 274.0
Feb. 2014 168.4 153.0 172.4 131.2 265.1
Mar. 2014 166.2 149.3 173.8 159.9 259.0
Apr. 2014 170.5 147.4 172.7 165.8 266.4
May 2014 171.7 144.5 169.2 154.8 262.1
June 2014 172.7 142.5 168.0 150.6 266.6
July 2014 170.8 140.3 171.5 144.0 274.8
Aug. 2014 171.9 136.6 172.2 151.8 306.8
Sep. 2014 173.1 134.2 172.7 151.1 308.5
Okt. 2014 173.3 132.0 170.0 161.7 306.3
Nov. 2014 174.2 135.2 169.0 157.8 290.0
Dec. 2014 175.9 133.8 171.6 155.6 296.3
Jan. 2015 177.9 128.2 160.1 138.6 304.4
Feb. 2015 177.6 123.4 158.3 142.5 307.9
Mar. 2015 177.1 127.6 156.9 140.1 318.9
Apr. 2015 178.0 130.9 164.9 155.4 308.1
May 2015 178.5 130.9 166.7 148.6 302.0
June 2015 179.1 132.0 162.8 143.7 278.9
July 2015 179.0 132.8 158.5 137.8 271.3
Aug. 2015 180.3 129.7 159.7 134.5 260.7
Sep. 2015 180.0 131.7 154.3 133.5 257.7
Okt. 2015 181.5 134.1 153.9 121.4 257.1
Nov. 2015 183.1 137.4 145.6 109.2 242.6
Dec. 2015 185.5 131.5 150.3 113.0 235.7
Jan. 2016 186.6 123.7 150.2 119.7 221.4
Feb. 2016 190.5 116.3 150.3 119.7 211.4
Mar. 2016 193.1 111.8 144.6 110.8 204.3
Apr. 2016 194.2 110.4 142.2 105.4 196.8
May 2016 192.8 113.4 140.1 114.4 189.8
June 2016 193.8 114.9 143.5 116.3 168.0
July 2016 194.0 115.0 153.6 114.2 165.6
Aug. 2016 193.6 113.5 158.5 103.0 161.3
Sep. 2016 193.6 106.0 159.8 101.7 172.1
Okt. 2016 194.8 101.3 148.2 100.8 162.8
Nov. 2016 196.1 96.5 144.9 104.5 148.9
Dec. 2016 196.0 100.2 140.7 99.7 131.3
Jan.2017 196.3 117.0 141.8 97.3 125.7
Feb. 2017 197.4 132.6 141.3 90.6 130.3
Mar. 2017 198.6 141.5 148.4 94.8 128.3
Apr. 2017 196.4 137.3 146.0 95.4 127.2
May 2017 190.2 132.4 143.5 92.1 121.3
June 2017 185.6 131.2 143.5 86.0 122.9
July 2017 187.4 128.6 143.2 94.1 113.8
Aug. 2017 192.0 131.4 139.9 103.1 117.5
Sep. 2017 195.2 133.2 137.3 104.4 118.6
Okt. 2017 194.9 136.3 145.1 95.8 126.3
Nov. 2017 195.5 139.1 143.9 93.2 127.9
Dec. 2017 198.2 146.6 143.2 95.1 140.2
Jan. 2018 195.3 151.4 139.3 95.2 140.8
Feb. 2018 194.8 150.9 145.9 95.6 141.0
Mar. 2018 192.3 146.2 142.7 94.8 137.1
Apr. 2018 197.8 143.0 147.8 98.3 139.9
May 2018 201.0 146.0 155.0 104.9 149.6
June 2018 201.5 150.6 159.9 111.9 150.7
July 2018 201.9 157.0 155.0 110.1 154.0
Aug. 2018 201.5 155.8 159.6 102.2 152.7
Sep. 2018 202.4 165.4 162.7 102.6 150.7
Okt. 2018 202.0 168.1 163.7 111.6 151.4
Nov. 2018 201.6 169.2 157.6 121.7 160.7
Dec. 2018 202.3 157.8 156.8 121.1 168.0
Jan. 2019 203.8 153.5 163.4 119.2 175.3
Feb. 2019 203.8 151.3 168.1 126.8 173.0
Mar. 2019 203.3 150.9 172.7 132.9 169.9
Apr. 2019 205.7 152.2 175.4 129.4 171.1
May 2019 207.0 153.5 176.3 115.6 170.2
June 2019 210.1 150.0 177.9 120.7 179.2
July 2019 206.5 147.2 180.0 127.5 180.4
Aug. 2019 207.5 144.8 179.7 138.3 181.2
Sep. 2019 205.4 148.4 179.1 148.7 184.0
Okt. 2019 207.1 147.0 185.2 149.9 186.5
Nov. 2019 207.2 150.3 194.3 149.4 190.7
Dec. 2019 208.0 151.5 199.5 145.1 190.8
Jan. 2020 208.5 151.5 193.8 148.3 192.5

Monthly change: decrease in manufacturing turnover

Total Norwegian manufacturing turnover decreased by 1.4 per cent from December 2019 to January 2010, according to seasonally-adjusted figures.

The industry building of ships and oil platforms contributed the most to the decrease in Norwegian manufacturing turnover, with an decrease of almost 13 per cent in the period. This is due to large deliveries in December 2019. The industry grouping refined petroleum, chemicals and pharmaceutical products also contributed to the negative development in the manufacturing turnover.

On the other hand, repair, installation of machinery and food products contributed the most to curb the negative development in total manufacturing turnover.

Monthly change: decrease in manufacturing turnover in the euro area in December 2019

Manufacturing turnover in the euro area decreased by 0.8 per cent from November to December 2019, according to seasonally-adjusted figures. Total turnover in Norwegian manufacturing increased by 0.4 per cent in the same period. In the other Scandinavian countries, the turnover in Denmark went up by 1.7 per cent and decreased by 2.2 per cent in Sweden per cent, according to Eurostat.

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