Output growth in manufacturing continues

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Norwegian manufacturing output had an increase of 1.4 per cent in the period May-July 2019 compared to the previous three-month period, according to seasonally-adjusted figures. There was particularly high activity in ships, boats and oil platforms, and in food products.

Written by: Anel Finci

The index level for Norwegian manufacturing in the period May- July 2019 amounted to 120.1 (2005=100). The corresponding figure for the previous three-month period was 118.4. The long- term trend shows steady growth since May 2018 (see figure 1).

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

Smoothed seasonally adjusted Seasonally adjusted
Jan. 2014 121.0 121.7
Feb. 2014 121.5 121.5
Mar. 2014 122.0 122.4
Apr. 2014 122.5 121.8
May. 2014 123.1 122.3
June. 2014 123.8 125.0
July. 2014 124.6 123.6
Aug. 2014 125.2 127.0
Sep. 2014 125.6 122.7
Oct. 2014 125.5 126.3
Nov. 2014 125.2 124.8
Dec. 2014 124.5 125.2
Jan. 2015 123.7 122.4
Feb. 2015 122.8 122.7
Mar. 2015 121.8 126.9
Apr. 2015 121.0 121.4
May. 2015 120.2 119.0
June. 2015 119.5 120.2
July. 2015 118.9 115.3
Aug. 2015 118.2 118.0
Sep. 2015 117.6 118.8
Oct. 2015 116.9 115.8
Nov. 2015 116.3 116.8
Dec. 2015 115.8 115.3
Jan. 2016 115.4 115.1
Feb. 2016 115.1 115.4
Mar. 2016 114.8 118.0
Apr. 2016 114.5 114.3
May. 2016 114.1 114.9
June. 2016 113.7 112.7
July. 2016 113.1 113.9
Aug. 2016 112.7 109.8
Sep. 2016 112.4 112.3
Oct. 2016 112.3 112.1
Nov. 2016 112.6 112.1
Dec. 2016 113.0 112.7
Jan. 2017 113.5 114.3
Feb. 2017 113.9 114.2
Mar. 2017 114.3 114.2
Apr. 2017 114.4 114.2
May. 2017 114.5 114.3
June. 2017 114.4 114.4
July. 2017 114.4 114.8
Aug. 2017 114.4 110.4
Sep. 2017 114.4 114.1
Oct. 2017 114.5 114.3
Nov. 2017 114.6 114.7
Dec. 2017 114.7 115.8
Jan. 2018 114.7 113.9
Feb. 2018 114.8 114.5
Mar. 2018 114.9 115.2
Apr. 2018 115.0 115.3
May. 2018 115.2 114.8
June. 2018 115.5 115.5
July. 2018 115.9 116.1
Aug. 2018 116.3 116.4
Sep. 2018 116.8 116.1
Oct. 2018 117.3 117.8
Nov. 2018 117.7 117.8
Dec. 2018 118.0 118.5
Jan. 2019 118.3 118.4
Feb. 2019 118.6 118.1
Mar. 2019 119.0 117.1
Apr. 2019 119.3 120.0
May. 2019 119.6 120.4
June. 2019 119.9 119.3
July. 2019 120.1 120.5

Three-month change: production increase in oil platforms and fish

According to seasonally-adjusted figures, manufacturing output increased with 1.4 per cent in the period May-July 2019, compared with the previous three-month period. The growth is particularly related to a strong output increase of 8.4 per cent within ships, boats and oil platforms. The activity level was especially high among producers of oil platforms. Furthermore, food products also contributed positively due to high production within processing and preserving of fish.

On the other hand, the overall output increase was dampened by a production fall in basic chemicals. The decline is due to shutdowns among some leading producers.

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

Figure 2. 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. 2009 156.2 96.7
Feb. 2009 157.0 94.9
Mar. 2009 157.5 93.3
Apr. 2009 157.1 92.1
May. 2009 156.6 91.0
June. 2009 154.8 90.3
July. 2009 153.5 90.2
Aug. 2009 152.8 90.7
Sep. 2009 153.5 92.0
Oct. 2009 153.8 92.9
Nov. 2009 153.2 93.8
Dec. 2009 151.7 94.3
Jan. 2010 143.9 151.0 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 96.0
June. 2010 143.1 152.3 96.7
July. 2010 142.3 152.3 98.2
Aug. 2010 142.2 152.0 98.6
Sep. 2010 143.0 151.4 98.5
Oct. 2010 144.8 151.2 97.7
Nov. 2010 148.2 152.6 99.0
Dec. 2010 151.0 152.7 99.0
Jan. 2011 149.9 153.0 99.0
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 154.2 153.0 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 167.6 168.0 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 173.5 177.0 95.4
Oct. 2012 177.6 179.7 95.0
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 93.0
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 191.5 195.0 94.6
Nov. 2013 193.0 195.2 94.1
Dec. 2013 194.0 195.2 94.2
Jan. 2014 196.3 196.8 94.2
Feb. 2014 196.9 198.6 94.3
Mar. 2014 196.3 199.8 94.1
Apr. 2014 196.0 199.8 94.3
May. 2014 197.4 200.1 94.6
June. 2014 200.1 203.3 95.2
July. 2014 199.3 207.8 95.0
Aug. 2014 201.7 213.6 95.1
Sep. 2014 201.3 213.5 94.1
Oct. 2014 206.5 214.3 94.3
Nov. 2014 204.5 212.7 93.9
Dec. 2014 203.6 214.9 94.4
Jan. 2015 199.9 212.9 93.6
Feb. 2015 197.1 210.0 93.5
Mar. 2015 195.6 207.3 94.4
Apr. 2015 194.0 204.6 94.7
May. 2015 189.1 201.3 94.4
June. 2015 184.6 195.9 93.8
July. 2015 180.6 192.5 92.7
Aug. 2015 179.2 189.7 93.1
Sep. 2015 177.8 188.1 93.0
Oct. 2015 174.0 185.2 93.8
Nov. 2015 172.1 182.5 94.1
Dec. 2015 168.2 178.3 93.9
Jan. 2016 165.7 176.8 94.1
Feb. 2016 165.0 174.4 94.2
Mar. 2016 165.2 174.4 95.0
Apr. 2016 163.7 172.6 95.2
May. 2016 160.6 171.1 95.5
June. 2016 157.0 167.5 94.8
July. 2016 157.7 167.3 94.9
Aug. 2016 153.3 160.7 94.8
Sep. 2016 152.1 159.3 95.0
Oct. 2016 149.5 156.6 94.9
Nov. 2016 151.4 159.9 94.9
Dec. 2016 151.6 161.0 95.0
Jan. 2017 151.3 159.2 96.5
Feb. 2017 150.0 158.5 97.6
Mar. 2017 146.6 154.5 98.9
Apr. 2017 147.0 155.7 98.6
May. 2017 147.6 156.1 98.5
June. 2017 149.6 158.2 98.2
July. 2017 149.6 156.8 98.9
Aug. 2017 147.0 154.3 97.9
Sep. 2017 147.3 154.6 97.7
Oct. 2017 146.2 155.5 97.1
Nov. 2017 149.6 158.6 98.1
Dec. 2017 150.5 159.3 98.9
Jan. 2018 151.0 159.1 98.8
Feb. 2018 151.0 159.6 98.5
Mar. 2018 151.9 161.5 97.4
Apr. 2018 152.6 162.4 97.8
May. 2018 153.8 161.9 98.0
June. 2018 154.3 160.9 98.6
July. 2018 153.9 161.3 98.7
Aug. 2018 154.4 162.8 98.9
Sep. 2018 154.3 164.5 98.5
Oct. 2018 158.0 165.9 98.8
Nov. 2018 160.3 168.5 98.8
Dec. 2018 162.2 170.8 99.5
Jan. 2019 164.5 174.1 99.0
Feb. 2019 167.0 176.4 98.6
Mar. 2019 169.0 177.7 97.7
Apr. 2019 171.8 180.3 97.7
May. 2019 173.8 183.3 97.9
June. 2019 175.9 186.0 98.0
July. 2019 175.6 187.2 97.8

Monthly change: output growth from June to July

According to seasonally-adjusted figures, manufacturing saw an output growth of 1 per cent from June to July 2019. The industry grouping refined petroleum, chemicals and pharmaceutical products contributed strongly to the increase in this period. Machinery and equipment, on the other hand, experienced a clear production fall, and contributed to reduce the overall output increase.

Output decrease in the Euro area and in Scandinavia in June 2019

Estimated figures from Eurostat, the EU’s statistical office, indicate that manufacturing output in the Euro area had a clear decrease of 1.7 per cent from May to June 2019. In the same period, Norwegian manufacturing also declined by 0.9 per cent.  

Sweden saw an output decrease of 1.1 per cent, while Denmark experienced a clear drop of as much as 6.8 per cent.

Figure 3. Index of production for manufacturing. Euro area and Norway (2015=100). Seasonally adjusted

Euro area Norway
Jan. 2014 96.7 102.0
Feb. 2014 97.6 101.8
Mar. 2014 97.1 102.5
Apr. 2014 98.5 102.1
May. 2014 97.3 102.5
June. 2014 96.8 104.7
July. 2014 98.0 103.6
Aug. 2014 95.9 106.3
Sep. 2014 97.0 102.8
Oct. 2014 96.9 105.8
Nov. 2014 96.7 104.6
Dec. 2014 98.0 104.9
Jan. 2015 97.5 102.6
Feb. 2015 99.7 102.7
Mar. 2015 100.6 106.3
Apr. 2015 99.9 101.7
May. 2015 100.3 99.7
June. 2015 100.7 100.7
July. 2015 100.7 96.6
Aug. 2015 99.9 98.8
Sep. 2015 100.2 99.6
Oct. 2015 99.8 97.0
Nov. 2015 100.0 97.9
Dec. 2015 100.8 96.6
Jan. 2016 103.9 96.4
Feb. 2016 101.5 96.7
Mar. 2016 100.4 98.8
Apr. 2016 101.7 95.7
May. 2016 100.3 96.2
June. 2016 101.6 94.3
July. 2016 101.3 95.5
Aug. 2016 101.6 91.9
Sep. 2016 101.6 94.1
Oct. 2016 102.6 93.9
Nov. 2016 103.2 93.9
Dec. 2016 102.6 94.4
Jan. 2017 102.0 95.8
Feb. 2017 103.1 95.6
Mar. 2017 103.4 95.7
Apr. 2017 104.0 95.6
May. 2017 104.2 95.7
June. 2017 103.9 95.8
July. 2017 105.5 96.4
Aug. 2017 106.1 92.5
Sep. 2017 106.1 95.6
Oct. 2017 105.6 95.7
Nov. 2017 108.5 96.1
Dec. 2017 108.3 97.0
Jan. 2018 107.9 95.4
Feb. 2018 105.6 95.9
Mar. 2018 105.8 96.5
Apr. 2018 106.2 96.5
May. 2018 107.3 96.1
June. 2018 107.1 96.7
July. 2018 105.9 97.5
Aug. 2018 107.2 97.5
Sep. 2018 106.8 97.2
Oct. 2018 106.8 98.7
Nov. 2018 105.4 98.7
Dec. 2018 104.5 99.2
Jan. 2019 105.9 99.1
Feb. 2019 106.4 98.9
Mar. 2019 106.2 98.1
Apr. 2019 105.4 100.4
May. 2019 106.2 100.7
June. 2019 104.4 99.8

Three-month change: marginal decline 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 decline of 0.4 per cent in the period May-July 2019 compared with the previous three-month period. Extraction of crude petroleum decreased strongly by 7.3 per cent, while extraction of natural gas increased by 2.2 per cent. For more details about oil and gas extraction for July 2019, see the press release from The Norwegian Petroleum Directorate.

Within support activities for petroleum and natural gas extraction, there was an output increase equivalent to 3 per cent in the period May-July 2019 compared with the previous three-month period. The growth is partly related to an investment increase in the Norwegian oil and gas sector. 

In the same period, production within mining and quarrying was more or less unchanged, while output within Norwegian electricity supply increased by 3.6 per cent.

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

Figure 4. Production development. Seasonally adjusted. Three-month moving average¹. 2005=100

Manufacturing Extraction, mining, manufacturing and elec. Extraction and related services
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 96.0 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 87.0
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 92.0 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 112.0 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 80.0
Jan. 2011 112.7 87.7 78.4
Feb. 2011 112.6 87.0 77.9
Mar. 2011 113.1 85.8 76.5
Apr. 2011 112.9 84.7 74.9
May. 2011 113.0 82.3 71.1
June. 2011 111.7 81.7 70.0
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 114.0 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 76.0
July. 2012 115.3 88.0 75.1
Aug. 2012 115.7 87.3 74.0
Sep. 2012 116.3 85.0 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 118.0 80.7 68.4
Apr. 2013 118.8 81.1 68.9
May. 2013 119.0 82.8 71.1
June. 2013 120.4 84.0 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 82.0 69.9
Jan. 2014 120.7 83.7 71.5
Feb. 2014 121.3 84.3 71.8
Mar. 2014 121.9 85.3 72.3
Apr. 2014 121.9 85.4 72.3
May. 2014 122.2 84.3 70.2
June. 2014 123.0 84.0 69.5
July. 2014 123.6 83.7 69.0
Aug. 2014 125.2 84.9 70.4
Sep. 2014 124.4 85.3 71.3
Oct. 2014 125.3 86.8 73.0
Nov. 2014 124.6 87.4 74.0
Dec. 2014 125.4 87.5 73.9
Jan. 2015 124.1 86.2 72.6
Feb. 2015 123.4 86.1 72.8
Mar. 2015 124.0 86.4 73.0
Apr. 2015 123.7 85.5 71.7
May. 2015 122.4 85.0 71.4
June. 2015 120.2 85.1 72.2
July. 2015 118.2 86.3 74.4
Aug. 2015 117.8 87.1 75.5
Sep. 2015 117.4 87.4 76.1
Oct. 2015 117.5 87.6 76.4
Nov. 2015 117.1 86.9 75.7
Dec. 2015 116.0 85.6 74.5
Jan. 2016 115.7 85.4 74.1
Feb. 2016 115.3 85.5 74.1
Mar. 2016 116.2 85.9 73.9
Apr. 2016 115.9 86.2 74.4
May. 2016 115.7 86.5 74.8
June. 2016 114.0 85.4 74.1
July. 2016 113.8 85.1 73.7
Aug. 2016 112.1 83.3 71.9
Sep. 2016 112.0 81.4 69.4
Oct. 2016 111.4 81.9 70.3
Nov. 2016 112.2 83.7 72.6
Dec. 2016 112.3 86.1 75.9
Jan. 2017 113.0 86.0 74.7
Feb. 2017 113.7 86.0 73.7
Mar. 2017 114.2 86.9 74.2
Apr. 2017 114.2 87.2 74.5
May. 2017 114.2 87.2 74.3
June. 2017 114.3 87.3 74.1
July. 2017 114.5 87.0 73.6
Aug. 2017 113.2 87.0 74.0
Sep. 2017 113.1 86.8 73.8
Oct. 2017 112.9 86.2 73.1
Nov. 2017 114.4 85.8 72.0
Dec. 2017 114.9 85.3 71.1
Jan. 2018 114.8 86.2 71.4
Feb. 2018 114.7 87.0 71.2
Mar. 2018 114.5 87.8 71.1
Apr. 2018 115.0 87.4 70.3
May. 2018 115.1 86.4 69.5
June. 2018 115.2 87.1 71.2
July. 2018 115.5 87.4 71.8
Aug. 2018 116.0 88.6 73.4
Sep. 2018 116.2 87.7 71.4
Oct. 2018 116.8 88.2 71.1
Nov. 2018 117.2 87.7 70.0
Dec. 2018 118.0 87.7 69.8
Jan. 2019 118.2 86.3 68.9
Feb. 2019 118.3 84.9 67.9
Mar. 2019 117.9 83.4 66.9
Apr. 2019 118.4 82.7 65.8
May. 2019 119.2 82.6 65.3
June. 2019 119.9 82.5 64.8
July. 2019 120.1 82.4 64.3

 

 

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