Output growth in manufacturing

Published:

Norwegian manufacturing output increased 1.6 per cent from November 2017 to January 2018 compared to the previous three-month period, according to seasonally-adjusted figures. An increase in both petroleum-related manufacturing and other industries contributed to the growth.

The index level for Norwegian manufacturing from November 2017 to January 2018 amounted to 114.9 (2005=100). The corresponding figure for the previous three-month period was 113.1.

Figure 1. Production development in manufacturing. Seasonally adjusted and smoothed seasonally adjusted figures. 2005=100

Smoothed seasonally adjusted Seasonally adjusted
Jan. 2013 117.83 118.08
Feb. 2013 118.43 118.83
Mar. 2013 119.15 117.1
Apr. 2013 119.85 120.49
May. 2013 120.42 119.44
June. 2013 120.75 121.23
July. 2013 120.82 121.83
Aug. 2013 120.69 120.44
Sep. 2013 120.5 120.28
Oct. 2013 120.36 120.19
Nov. 2013 120.39 119.65
Dec. 2013 120.56 120.76
Jan. 2014 120.9 121.87
Feb. 2014 121.28 121.45
Mar. 2014 121.76 121.42
Apr. 2014 122.36 121.8
May. 2014 123.11 122.38
June. 2014 123.93 124.93
July. 2014 124.77 124.81
Aug. 2014 125.41 127.4
Sep. 2014 125.69 122.79
Oct. 2014 125.55 126.38
Nov. 2014 125.1 124.77
Dec. 2014 124.41 125.36
Jan. 2015 123.58 122.4
Feb. 2015 122.64 122.53
Mar. 2015 121.66 125.84
Apr. 2015 120.77 121.41
May. 2015 119.99 118.87
June. 2015 119.3 120.09
July. 2015 118.69 116.83
Aug. 2015 118.1 118.66
Sep. 2015 117.5 118.66
Oct. 2015 116.89 115.86
Nov. 2015 116.32 116.89
Dec. 2015 115.89 115.4
Jan. 2016 115.62 115
Feb. 2016 115.42 115.2
Mar. 2016 115.16 116.81
Apr. 2016 114.69 114.48
May. 2016 114.01 114.71
June. 2016 113.24 112.35
July. 2016 112.5 115.79
Aug. 2016 112.02 110.51
Sep. 2016 111.91 112.17
Oct. 2016 112.11 112.14
Nov. 2016 112.47 112.1
Dec. 2016 112.9 112.8
Jan. 2017 113.3 114.26
Feb. 2017 113.64 113.7
Mar. 2017 113.89 112.77
Apr. 2017 114.05 114.68
May. 2017 114.11 114.45
June. 2017 114.09 113.8
July. 2017 114.11 117.1
Aug. 2017 114.19 111.18
Sep. 2017 114.32 113.56
Oct. 2017 114.5 114.47
Nov. 2017 114.67 114.74
Dec. 2017 114.73 116.11
Jan. 2018 114.63 113.8

Three-month change: broad increase in manufacturing output

According to seasonally-adjusted figures, manufacturing output saw a clear increase of 1.6 per cent from November 2017 to January 2018 compared with the previous three-month period. The overall growth in manufacturing is related to an increase in both petroleum-related manufacturing and in other parts of Norwegian manufacturing. Ships, boats and oil platforms contributed most to the overall increase, and went up 4.9 per cent. This increase is particularly related to growth within building of ships. In addition, basic metals also had a strong increase due to high production of non-ferrous metals.

Figure 2. Selected industries in manufacturing. Seasonally adjusted, 3-month percentage change. November 2017-January 2018/August 2017-October 2017

3-month percentage change
Food products -0.8
Repair, installation of machinery 1.5
Fabricated metal products 2.6
Basic metals 3.5
Ships, boats and oil platforms 4.9

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

Figure 3. Indicator for petroleum-related industries. Seasonally adjusted. Three-month moving average¹. 2005=100

Petroleum-related manufacturing and support activities Petroleum-related manufacturing Manufacturing ex. petroleum-related industries
Jan. 2008 139.9 104.8
Feb. 2008 142.1 105.6
Mar. 2008 141.8 105.1
Apr. 2008 144.5 106.1
May. 2008 148.4 105.9
June. 2008 152.9 106.2
July. 2008 156.2 104.1
Aug. 2008 156.3 103.4
Sep. 2008 156.7 102.1
Oct. 2008 155.8 101.3
Nov. 2008 155.7 99.8
Dec. 2008 156.1 98.5
Jan. 2009 156.2 96.7
Feb. 2009 157 94.9
Mar. 2009 157.5 93.3
Apr. 2009 157.1 92.1
May. 2009 156.6 91
June. 2009 154.8 90.3
July. 2009 153.5 90.2
Aug. 2009 152.8 90.7
Sep. 2009 153.5 92
Oct. 2009 153.8 92.9
Nov. 2009 153.2 93.8
Dec. 2009 151.7 94.3
Jan. 2010 143.9 151 94.7
Feb. 2010 143.2 150.6 95.3
Mar. 2010 144.9 151.4 95.9
Apr. 2010 145.8 151.9 96.5
May. 2010 143.4 151.6 96
June. 2010 143.1 152.3 96.7
July. 2010 142.3 152.3 98.2
Aug. 2010 142.2 152 98.6
Sep. 2010 143 151.4 98.5
Oct. 2010 144.8 151.2 97.7
Nov. 2010 148.2 152.6 99
Dec. 2010 151 152.7 99
Jan. 2011 149.9 153 99
Feb. 2011 149.5 153.1 98.8
Mar. 2011 147.3 153.3 99.6
Apr. 2011 148.9 151.8 99.6
May. 2011 150.6 152.7 99.4
June. 2011 152.3 151.9 97.8
July. 2011 154.2 153 95.7
Aug. 2011 155.9 154.5 94.2
Sep. 2011 159.1 158.7 94.5
Oct. 2011 161.2 163.3 95.6
Nov. 2011 162.8 164.7 96.3
Dec. 2011 164.7 166.6 95.3
Jan. 2012 167.1 167.9 95.3
Feb. 2012 169.5 168.4 95.2
Mar. 2012 167.6 168 95.5
Apr. 2012 164.7 166.2 95.6
May. 2012 164.7 167.9 95.9
June. 2012 168.2 169.3 95.9
July. 2012 170.5 172.3 95.6
Aug. 2012 172.8 174.4 95.4
Sep. 2012 173.5 177 95.4
Oct. 2012 177.6 179.7 95
Nov. 2012 178.1 180.9 94.6
Dec. 2012 179.1 181.6 94.4
Jan. 2013 180.3 183.2 94.5
Feb. 2013 182.5 186.1 94.2
Mar. 2013 186.7 188.2 93.8
Apr. 2013 187.8 191.5 93.4
May. 2013 189.3 193.5 93
June. 2013 190.8 197.6 93.4
July. 2013 193.8 198.7 93.9
Aug. 2013 194.1 198.2 94.6
Sep. 2013 193.8 196.9 94.6
Oct. 2013 191.5 195 94.6
Nov. 2013 193 195.2 94.1
Dec. 2013 194 195.2 94.2
Jan. 2014 196.3 196.7 94.3
Feb. 2014 196.8 198.5 94.4
Mar. 2014 196.1 200.6 94
Apr. 2014 195.9 200.7 94.1
May. 2014 197.4 201.2 94.4
June. 2014 200.1 203.2 95.2
July. 2014 199.3 207.6 95
Aug. 2014 201.5 213.1 95.1
Sep. 2014 201.3 213.3 94.2
Oct. 2014 206.3 213.9 94.4
Nov. 2014 204.3 212.5 94
Dec. 2014 203.5 214.6 94.5
Jan. 2015 199.9 212.6 93.7
Feb. 2015 197.1 209.8 93.6
Mar. 2015 195.5 208.5 94.3
Apr. 2015 194 205.9 94.5
May. 2015 189.2 202.5 94.2
June. 2015 184.8 195.7 93.8
July. 2015 180.8 192 92.8
Aug. 2015 179.4 189.3 93.2
Sep. 2015 177.7 187.6 93.2
Oct. 2015 173.7 184.9 94
Nov. 2015 171.9 182.3 94.3
Dec. 2015 168 177.8 94.1
Jan. 2016 165.4 176.3 94.4
Feb. 2016 164.8 174.2 94.4
Mar. 2016 165.3 175.6 94.8
Apr. 2016 164.1 174.1 94.8
May. 2016 161 172.5 95.1
June. 2016 157.3 167.7 94.7
July. 2016 157.8 167 95
Aug. 2016 153.2 160.1 94.9
Sep. 2016 151.9 158.7 95.2
Oct. 2016 149.2 156.1 95
Nov. 2016 151.2 159.4 95.1
Dec. 2016 151.4 160.4 95.3
Jan. 2017 151.2 158.8 96.9
Feb. 2017 149.7 158.4 97.7
Mar. 2017 146.3 155.4 98.4
Apr. 2017 147.2 157.2 98
May. 2017 148.2 157.8 98.1
June. 2017 150.4 159 98.1
July. 2017 149.9 156.6 99
Aug. 2017 147 153.6 98.1
Sep. 2017 146.9 153.9 98
Oct. 2017 145.7 154.7 97.3
Nov. 2017 149.3 158 98.4
Dec. 2017 150.3 158.7 99.4
Jan. 2018 150.9 158.8 99.4

Monthly change: production decline from December 2017 to January 2018

According to seasonally-adjusted figures, manufacturing output declined by 2 per cent from December 2017 to January 2018. Food products together with computer and electrical equipment contributed most to this decrease. For food products, the decrease is particularly related to lower production within processing and preserving of fish.

Twelve-month change: solid output growth in the Euro area and in Norway in December 2017

According to calendar-adjusted figures, Norwegian manufacturing output had a solid increase of 3.2 per cent from December 2016 to December 2017. Food products contributed the most to the growth, followed by the industry grouping refined petroleum, chemicals and pharmaceuticals. Estimated figures from Eurostat, the EU’s statistical office, indicate that output in manufacturing in the Euro area increased strongly by 5.9 per cent in the same period.

Figure 4. Index of production for manufacturing. Euro area and Norway (2010=100). Seasonally adjusted

Euro area Norway
Jan. 2013 100.10 106.00
Feb. 2013 100.00 106.70
Mar. 2013 100.60 105.10
Apr. 2013 101.20 108.20
May. 2013 101.40 107.20
June. 2013 101.90 108.80
July. 2013 101.10 109.40
Aug. 2013 101.90 108.10
Sep. 2013 102.10 108.00
Oct. 2013 101.60 107.90
Nov. 2013 102.90 107.40
Dec. 2013 102.80 108.40
Jan. 2014 103.10 109.20
Feb. 2014 103.50 109.00
Mar. 2014 103.00 109.00
Apr. 2014 104.00 109.30
May. 2014 102.90 109.80
June. 2014 102.60 112.10
July. 2014 103.80 112.00
Aug. 2014 101.70 114.50
Sep. 2014 103.10 110.30
Oct. 2014 103.20 113.50
Nov. 2014 103.20 112.00
Dec. 2014 104.30 112.50
Jan. 2015 103.80 109.60
Feb. 2015 105.20 109.90
Mar. 2015 105.90 112.90
Apr. 2015 105.40 108.90
May. 2015 105.70 106.70
June. 2015 105.80 107.80
July. 2015 106.30 104.90
Aug. 2015 105.30 106.70
Sep. 2015 105.90 106.60
Oct. 2015 106.50 104.10
Nov. 2015 105.90 105.00
Dec. 2015 105.90 103.60
Jan. 2016 108.40 102.80
Feb. 2016 107.10 103.30
Mar. 2016 105.90 104.80
Apr. 2016 107.60 102.70
May. 2016 106.20 103.00
June. 2016 107.20 100.90
July. 2016 106.50 103.90
Aug. 2016 108.00 99.30
Sep. 2016 107.50 100.80
Oct. 2016 107.20 100.70
Nov. 2016 109.00 100.70
Dec. 2016 107.80 101.30
Jan. 2017 107.80 102.20
Feb. 2017 108.30 101.90
Mar. 2017 109.30 101.20
Apr. 2017 109.20 102.90
May. 2017 110.80 102.70
June. 2017 110.00 102.20
July. 2017 110.50 105.20
Aug. 2017 112.40 99.90
Sep. 2017 111.80 102.10
Oct. 2017 112.10 102.80
Nov. 2017 113.80 103.10
Dec. 2017 114.00 104.50
Jan. 2018

Three-month change: minor changes in total industrial production (PII)

According to seasonally-adjusted figures, the total production index (PII) covering extraction, mining, manufacturing and electricity supply saw a minor decrease of 0.1 per cent from November 2017 to January 2018 compared with the previous three-month period. Extraction of natural gas saw a decline of 7.7 per cent, while extraction of crude petroleum went down 0.6 per cent. For more details about oil and gas extraction for January 2018, see the press release from The Norwegian Petroleum Directorate.

Within support activities for petroleum and natural gas extraction, output increased by 2.6 per cent from November 2017 to January 2018 compared with the previous three-month period.

In the same period, mining and quarrying went up 3.3 per cent, while production within Norwegian electricity supply declined by 1.1 per cent.

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

Figure 5. Production development. Seasonally adjusted. Three-month moving average¹. 2005=100

Manufacturing Extraction, mining, manufacturing and elec. Extraction and related services
Jan. 2008 114.1 95.9 89.4
Feb. 2008 115.3 95.5 88.4
Mar. 2008 114.6 96.1 89.3
Apr. 2008 116.1 96.7 89.2
May. 2008 117.1 97.9 90.4
June. 2008 118.7 98.5 90.4
July. 2008 117.6 98.8 91.4
Aug. 2008 117 96.8 88.9
Sep. 2008 116.2 95.8 88.2
Oct. 2008 115.6 95.4 88
Nov. 2008 114.4 97 90.6
Dec. 2008 113.5 97.7 91.8
Jan. 2009 112.1 96.9 91.1
Feb. 2009 110.9 97.3 92.1
Mar. 2009 109.8 96.5 91.3
Apr. 2009 108.9 96 90.9
May. 2009 107.6 93.4 87.7
June. 2009 106.7 92.2 86.6
July. 2009 106.1 91.5 86.1
Aug. 2009 106.6 92.2 86.9
Sep. 2009 107.7 93.2 87.6
Oct. 2009 108.5 93.3 87
Nov. 2009 109.2 93.4 86.8
Dec. 2009 109.3 92.5 85.4
Jan. 2010 109.4 92.3 85.1
Feb. 2010 109.7 92 84.7
Mar. 2010 110.1 91.6 84.4
Apr. 2010 110.8 90.9 83.8
May. 2010 110.3 90.3 83.6
June. 2010 111.1 89.3 82.2
July. 2010 111.8 88.1 80.4
Aug. 2010 112 84.9 75.7
Sep. 2010 111.7 83.6 73.7
Oct. 2010 111.4 84.8 75.3
Nov. 2010 112.6 87.4 77.9
Dec. 2010 112.6 89.1 80
Jan. 2011 112.7 87.7 78.4
Feb. 2011 112.6 87 77.9
Mar. 2011 113.1 85.8 76.5
Apr. 2011 112.9 84.7 74.9
May. 2011 113 82.3 71.1
June. 2011 111.7 81.7 70
July. 2011 110.2 81.9 69.7
Aug. 2011 109.6 84.3 72.6
Sep. 2011 110.9 85.6 74.2
Oct. 2011 112.9 86.1 74.5
Nov. 2011 113.8 86.4 74.7
Dec. 2011 113.5 85.3 73.6
Jan. 2012 113.9 86.6 74.8
Feb. 2012 113.9 87.3 75.1
Mar. 2012 114 88.4 75.8
Apr. 2012 113.7 88.4 75.5
May. 2012 114.4 88.5 75.5
June. 2012 114.8 88.9 76
July. 2012 115.3 88 75.1
Aug. 2012 115.7 87.3 74
Sep. 2012 116.3 85 70.4
Oct. 2012 116.8 85.2 70.4
Nov. 2012 116.8 84.3 69.3
Dec. 2012 116.7 85.3 70.9
Jan. 2013 117.2 83.8 70.1
Feb. 2013 117.7 82.4 69.3
Mar. 2013 118 80.7 68.4
Apr. 2013 118.8 81.1 68.9
May. 2013 119 82.8 71.1
June. 2013 120.4 84 72.4
July. 2013 120.8 85.1 73.6
Aug. 2013 121.1 84.5 72.8
Sep. 2013 120.8 83.9 72.1
Oct. 2013 120.3 81.6 69.4
Nov. 2013 120.1 81.5 69.3
Dec. 2013 120.2 82 69.9
Jan. 2014 120.8 83.7 71.5
Feb. 2014 121.4 84.3 71.8
Mar. 2014 121.6 85.2 72.3
Apr. 2014 121.6 85.3 72.3
May. 2014 121.9 84.2 70.2
June. 2014 123 84 69.5
July. 2014 124 83.8 69
Aug. 2014 125.7 85 70.5
Sep. 2014 125 85.5 71.4
Oct. 2014 125.5 86.8 73
Nov. 2014 124.7 87.4 73.9
Dec. 2014 125.5 87.5 73.8
Jan. 2015 124.2 86.2 72.6
Feb. 2015 123.4 86.1 72.8
Mar. 2015 123.6 86.2 72.9
Apr. 2015 123.2 85.3 71.7
May. 2015 122 84.8 71.3
June. 2015 120.1 85.1 72.2
July. 2015 118.6 86.5 74.5
Aug. 2015 118.5 87.4 75.8
Sep. 2015 118.1 87.6 76.2
Oct. 2015 117.8 87.7 76.4
Nov. 2015 117.2 86.9 75.6
Dec. 2015 116.1 85.6 74.4
Jan. 2016 115.8 85.5 74
Feb. 2016 115.2 85.5 74.1
Mar. 2016 115.7 85.8 73.8
Apr. 2016 115.5 86 74.2
May. 2016 115.3 86.2 74.6
June. 2016 113.9 85.3 74
July. 2016 114.3 85.3 73.9
Aug. 2016 112.9 83.8 72.4
Sep. 2016 112.8 81.8 69.6
Oct. 2016 111.6 82 70.3
Nov. 2016 112.1 83.7 72.4
Dec. 2016 112.3 86.1 75.7
Jan. 2017 113.1 86.1 74.7
Feb. 2017 113.6 86 73.7
Mar. 2017 113.6 86.8 74.1
Apr. 2017 113.7 86.9 74.2
May. 2017 114 86.9 74.1
June. 2017 114.3 87 74
July. 2017 115.1 87.3 73.9
Aug. 2017 114 87.6 74.7
Sep. 2017 114 87.3 74.2
Oct. 2017 113.1 86.4 73.1
Nov. 2017 114.3 85.6 71.6
Dec. 2017 115.1 85.3 70.9
Jan. 2018 114.9 86.3 71.4

Updated weights in the PII in 2018

The weights in the index of industrial production (PII) are updated by the transition to a new year. The basis for the weights in the index of industrial production (PII) is value added at factor prices from the annual structure statistics for oil and gas, manufacturing, electricity and district heating for 2016. The value added figures are updated to the situation at the end of 2017 with rates of change from the quarterly national accounts, and volume figures from the Norwegian Petroleum Directorate.

Within manufacturing, the industries food products and repair and installation of machinery were the industries that had the largest increase in weights from 2017 to 2018. On the other hand, weights for machinery and equipment and basic metals had the largest decline from 2017 to 2018. For the total PII, the weight for manufacturing increased, while the weight for extraction and related services fell.

Productivity factors

As of January 2018, updated productivity factors will be included in the calculation of the index of industrial production (PII) covering extraction, mining, manufacturing and electricity supply. The factors are based on annual volume change in GDP per hour worked for the relevant industries and are an average from the last five years. This information is collected from the annual national accounts.

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