Positive development in manufacturing turnover

Published:

Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased by 2.5 per cent from August to October 2017 compared to the previous three-month period. 2017. Moreover, a 1.8 per cent increase was recorded from September to October.

The index value for turnover in manufacturing was 141.6 (2005=100) in the period August to October 2017, compared to 138.1 in the previous three-month period, according to seasonally-adjusted figures.

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

Index of turnover for manufacturing
Jan. 2007 134.7
Feb. 2007 134.9
Mar. 2007 138.1
Apr. 2007 140.1
May 2007 143.4
June 2007 143.3
July 2007 140.8
Aug. 2007 140.7
Sep. 2007 139.1
Okt. 2007 141.3
Nov. 2007 141.7
Dec. 2007 142.9
Jan. 2008 144.5
Feb. 2008 145.8
Mar. 2008 145.6
Apr. 2008 146.2
May 2008 146.8
June 2008 149.4
July 2008 151.3
Aug. 2008 151.5
Sep. 2008 152.4
Okt. 2008 150.3
Nov. 2008 148.2
Dec. 2008 144
Jan. 2009 142.5
Feb. 2009 141.3
Mar. 2009 142
Apr. 2009 139.5
May 2009 137.2
June 2009 133.5
July 2009 132.8
Aug. 2009 134
Sep. 2009 135.9
Okt. 2009 137
Nov. 2009 137.1
Dec. 2009 137.4
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 150.9
Mar. 2014 149.9
Apr. 2014 151.5
May 2014 150.5
June 2014 149.8
July 2014 148.8
Aug. 2014 151.1
Sep. 2014 151.3
Okt. 2014 151.6
Nov. 2014 150.6
Dec. 2014 152.1
Jan. 2015 150.1
Feb. 2015 149.7
Mar. 2015 150.5
Apr. 2015 152.8
May 2015 152.3
June 2015 150.9
July 2015 149.4
Aug. 2015 148.6
Sep. 2015 147.8
Okt. 2015 147.5
Nov. 2015 144.9
Dec. 2015 143.9
Jan. 2016 141.7
Feb. 2016 139.9
Mar. 2016 138.2
Apr. 2016 137.4
May 2016 139.6
June 2016 139.8
July 2016 139.5
Aug. 2016 137.2
Sep. 2016 136.2
Okt. 2016 135
Nov. 2016 134.7
Dec. 2016 134.1
Jan. 2017 136.1
Feb. 2017 137.5
Mar. 2017 138.9
Apr. 2017 139.1
May 2017 138.4
June 2017 138.2
July 2017 138.1
Aug. 2017 139.5
Sep. 2017 140.4
Okt. 2017 141.6

Three-month change: refined petroleum products, chemical and pharmaceutical products contributed the most

Seasonally-adjusted figures showed that the turnover in Norwegian manufacturing increased 2.5 per cent from August to October compared with the previous three-month period.

The biggest contributor to the increase was the grouping refined petroleum, chemical and pharmaceutical products with an increase of 7.3 per cent. Higher prices on refined petroleum products contributed among other things to this development. The grouping has a share of 15 per cent of total manufacturing turnover. Food products also edged up, mainly due to a turnover growth in the processing of fish and fish feeds sector.

On the other hand, basic chemicals contributed the most to curb the positive development in total turnover.

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. 2011 144.3 152.4 143.7 113.1 187.1
Feb. 2011 145.1 151.4 154.3 113.6 171.2
Mar. 2011 145.6 148.6 153.8 113.3 173.7
Apr. 2011 147.2 149.7 154.1 124.2 165.5
May 2011 146.2 151.4 157.6 120.7 174.5
June 2011 148.0 146.0 163.7 121.0 170.7
July 2011 146.0 144.9 170.9 105.9 174.1
Aug. 2011 148.2 139.9 170.5 103.0 166.3
Sep. 2011 149.4 144.0 168.4 103.5 173.4
Okt. 2011 150.8 146.7 165.6 106.4 177.2
Nov. 2011 151.9 151.1 161.9 118.9 180.2
Dec. 2011 151.1 152.3 165.8 128.4 195.0
Jan. 2012 153.4 152.3 168.1 141.0 197.5
Feb. 2012 154.6 152.6 172.3 142.7 202.5
Mar. 2012 159.9 155.6 173.0 135.0 197.0
Apr. 2012 158.7 155.8 169.8 129.1 202.0
May 2012 158.9 154.1 169.9 137.0 212.5
June 2012 155.2 147.4 171.0 145.5 210.8
July 2012 156.0 146.8 168.7 154.5 210.7
Aug. 2012 155.5 153.1 171.1 140.5 206.5
Sep. 2012 155.3 158.3 172.0 147.3 215.0
Okt. 2012 153.6 156.9 175.7 142.9 227.5
Nov. 2012 154.2 151.1 175.4 153.3 229.4
Dec. 2012 158.1 151.9 166.6 142.9 229.6
Jan. 2013 160.8 154.9 165.0 147.3 236.2
Feb. 2013 160.7 156.8 158.0 134.3 238.7
Mar. 2013 160.1 156.4 180.1 136.3 235.3
Apr. 2013 162.0 153.6 183.3 126.5 233.6
May 2013 165.8 149.4 190.0 134.8 240.2
June 2013 166.4 146.2 179.8 139.8 261.5
July 2013 169.3 147.2 177.7 160.7 271.0
Aug. 2013 170.0 151.1 174.8 161.3 274.6
Sep. 2013 170.5 158.5 170.9 157.3 275.3
Okt. 2013 169.9 157.0 170.8 142.0 264.8
Nov. 2013 168.3 155.9 174.9 142.7 279.0
Dec. 2013 170.2 150.6 170.0 147.1 277.0
Jan.2014 168.1 152.7 172.2 143.8 273.4
Feb. 2014 168.3 152.3 172.1 157.4 264.3
Mar. 2014 165.9 148.6 173.4 161.9 257.6
Apr. 2014 170.4 146.4 172.5 167.2 266.1
May 2014 171.5 144.5 169.3 156.6 261.8
June 2014 172.8 142.3 168.2 151.8 268.5
July 2014 170.8 140.0 171.0 144.3 275.2
Aug. 2014 172.1 136.3 171.4 151.1 307.0
Sep. 2014 173.2 135.3 171.9 149.7 306.1
Okt. 2014 173.4 133.1 170.0 161.5 304.2
Nov. 2014 174.4 135.8 169.2 158.1 289.9
Dec. 2014 175.4 133.7 171.8 156.3 296.7
Jan. 2015 177.3 128.7 160.0 140.1 304.5
Feb. 2015 176.8 123.0 157.9 144.0 305.9
Mar. 2015 176.6 126.7 155.8 141.2 317.4
Apr. 2015 177.6 129.4 164.5 156.2 307.1
May 2015 178.6 131.0 166.6 150.0 302.3
June 2015 179.2 131.9 163.4 145.7 282.2
July 2015 179.0 132.6 157.4 137.2 273.1
Aug. 2015 180.2 129.1 158.0 132.8 261.4
Sep. 2015 180.2 132.9 153.1 131.9 253.7
Okt. 2015 181.6 135.5 153.9 121.6 253.9
Nov. 2015 183.2 138.2 146.1 110.0 241.1
Dec. 2015 185.5 131.9 150.5 113.4 236.6
Jan. 2016 186.6 125.1 150.2 121.0 223.2
Feb. 2016 190.1 116.5 149.9 120.7 211.7
Mar. 2016 192.3 110.9 142.7 111.9 203.4
Apr. 2016 193.6 108.5 141.8 105.6 195.8
May 2016 192.9 113.7 140.5 114.6 190.2
June 2016 194.2 114.7 145.0 118.1 171.5
July 2016 194.1 114.7 151.9 113.4 166.8
Aug. 2016 193.7 112.4 155.3 101.7 161.0
Sep. 2016 193.9 106.5 157.6 98.8 167.8
Okt. 2016 195.2 101.9 148.1 101.3 159.7
Nov. 2016 196.1 96.9 146.1 105.9 146.8
Dec. 2016 195.8 101.2 141.4 101.5 131.4
Jan. 2017 196.4 119.8 141.9 98.2 127.4
Feb. 2017 196.6 133.0 140.5 91.2 131.1
Mar. 2017 197.0 140.3 145.9 96.0 126.9
Apr. 2017 195.1 134.2 145.4 95.8 126.2
May 2017 190.4 132.9 144.7 91.9 122.1
June 2017 186.9 130.8 146.1 86.6 128.2
July 2017 188.1 128.0 142.2 91.7 116.5
Aug. 2017 192.5 129.3 136.5 99.5 118.2
Sep. 2017 195.4 134.1 135.0 99.8 114.9
Okt. 2017 195.3 137.3 145.0 95.9 122.8

Monthly change: basic metals increased the most

Total Norwegian manufacturing turnover showed an increase of 1.8 per cent from September to October 2017, according to seasonally-adjusted figures.

Basic metals and computer and electrical equipment contributed the most to the positive development in total turnover in Norwegian manufacturing.

Other industries that also contributed to the positive development were:

wood and wood products and ships, boats and oil platforms

On the contrary, the grouping refined petroleum, chemical and pharmaceutical products together with repair, installation of machinery recorded a decline.

Monthly change: decline in Norway and the euro area in September

Total turnover for Norwegian manufacturing went down 0.4 per cent from August to September 2017, according to seasonally-adjusted figures. Manufacturing in the euro area also showed a decline of 0.2 per cent. In the nordic countries, Denmark were down 3.0 per cent, while Sweden went up 2.9 per cent, according to Eurostat.

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