Reduced manufacturing turnover

Published:

Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing decreased by 1.4 per cent in the period December 2019 to February 2020 compared with the previous three-month period. A 1.6 per cent increase in manufacturing turnover was recorded from January to February 2020.

Written by: Robert Skotvold

The index value for turnover in manufacturing was 160.4 (2005=100) in the period December 2019 to February 2020 compared to 162.6 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
Mar. 2014 150
Apr. 2014 151.7
May 2014 150.5
June 2014 149.7
July 2014 148.8
Aug. 2014 151.3
Sep. 2014 151.4
Okt. 2014 151.7
Nov. 2014 150.6
Dec. 2014 151.9
Jan. 2015 149.9
Feb. 2015 149.8
Mar. 2015 151
Apr. 2015 153.3
May 2015 152.4
June 2015 150.8
July 2015 149.3
Aug. 2015 148.8
Sep. 2015 147.9
Okt. 2015 147.6
Nov. 2015 144.7
Dec. 2015 143.2
Jan. 2016 141.1
Feb. 2016 139.9
Mar. 2016 139
Apr. 2016 138.4
May 2016 139.8
June 2016 139.6
July 2016 139.5
Aug. 2016 137.5
Sep. 2016 136.5
Okt. 2016 134.9
Nov. 2016 134.2
Dec. 2016 133.1
Jan. 2017 135.2
Feb. 2017 137.5
Mar. 2017 140.2
Apr. 2017 140.4
May 2017 138.8
June 2017 137.7
July 2017 137.9
Aug. 2017 139.9
Sep. 2017 140.8
Okt. 2017 141.5
Nov. 2017 142.3
Dec. 2017 144.7
Jan. 2018 145.1
Feb. 2018 145.4
Mar. 2018 145.1
Apr. 2018 146.4
May 2018 149.2
June 2018 151.9
July 2018 153.6
Aug. 2018 153.5
Sep. 2018 154.1
Okt. 2018 155.3
Nov. 2018 156.2
Dec. 2018 154.8
Jan. 2019 155.6
Feb. 2019 156.1
Mar. 2019 157.6
Apr. 2019 158.3
May 2019 158.8
June 2019 160.1
July 2019 159.5
Aug. 2019 160
Sep. 2019 160.7
Okt. 2019 162
Nov. 2019 162.6
Dec. 2019 162.7
Jan. 2020 161.9
Feb. 2020 160.4

Three-month change: reduced manufacturing turnover

Seasonally-adjusted figures show that the turnover in Norwegian manufacturing decreased by 1.4 per cent in the period December 2019 to February 2020 compared to the previous three month period.

Several industries reported reduced turnover. The largest contributions came from:

  • Repair, installation of machinery
  • Building of ships and oil platforms
  • Fabricated metal products

Food products contributed the most to curbing the negative development in the manufacturing turnover.

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 168.1 152.4 172.5 129.6 274.0
Feb. 2014 168.4 153.1 171.8 131.2 264.5
Mar. 2014 166.2 149.3 173.3 159.0 258.6
Apr. 2014 170.5 147.5 172.2 164.8 265.9
May 2014 171.7 144.5 169.3 154.6 262.1
June 2014 172.7 142.5 168.0 150.5 266.5
July 2014 170.8 140.3 171.5 143.8 274.8
Aug. 2014 171.9 136.7 172.3 151.7 307.0
Sep. 2014 173.1 134.3 172.8 151.0 308.3
Okt. 2014 173.3 132.1 170.0 161.5 305.9
Nov. 2014 174.2 135.1 168.9 157.7 289.6
Dec. 2014 175.9 133.6 171.5 155.5 295.8
Jan. 2015 177.9 127.9 160.0 138.8 304.0
Feb. 2015 177.6 123.3 157.7 141.8 306.8
Mar. 2015 177.1 127.6 156.5 139.5 318.3
Apr. 2015 178.0 131.0 164.6 154.7 307.6
May 2015 178.5 130.9 166.7 148.5 302.1
June 2015 179.1 132.1 162.8 143.6 278.9
July 2015 179.0 132.9 158.4 137.5 271.5
Aug. 2015 180.3 129.8 159.7 134.4 260.9
Sep. 2015 180.0 131.7 154.3 133.5 257.5
Okt. 2015 181.5 134.2 153.9 121.4 256.8
Nov. 2015 183.1 137.3 145.5 109.1 242.1
Dec. 2015 185.5 131.2 150.1 113.0 235.4
Jan. 2016 186.7 123.4 150.0 120.0 221.1
Feb. 2016 190.4 116.1 150.5 120.7 212.4
Mar. 2016 193.0 111.8 145.0 111.8 205.5
Apr. 2016 194.1 110.4 142.7 106.1 198.1
May 2016 192.7 113.5 140.3 114.2 190.0
June 2016 193.8 115.0 143.4 116.1 168.1
July 2016 194.0 115.1 153.5 113.9 165.9
Aug. 2016 193.7 113.7 158.4 102.9 161.6
Sep. 2016 193.6 106.1 159.7 101.4 172.0
Okt. 2016 194.9 101.3 148.2 100.4 162.5
Nov. 2016 196.2 96.3 144.7 104.0 148.4
Dec. 2016 196.0 99.9 140.6 99.6 130.9
Jan.2017 196.4 116.5 141.6 97.5 125.3
Feb. 2017 197.4 132.5 141.3 91.2 130.2
Mar. 2017 198.5 141.7 148.7 95.1 128.4
Apr. 2017 196.2 137.7 146.3 95.7 127.6
May 2017 190.1 132.6 143.6 92.0 121.6
June 2017 185.6 131.3 143.4 85.8 123.1
July 2017 187.4 128.7 143.0 93.7 114.1
Aug. 2017 192.0 131.6 139.7 102.9 117.7
Sep. 2017 195.2 133.4 137.1 104.1 118.5
Okt. 2017 194.9 136.4 145.0 95.3 125.9
Nov. 2017 195.5 138.8 143.6 92.4 127.3
Dec. 2017 198.3 146.0 142.9 94.9 139.4
Jan. 2018 195.5 150.6 138.9 95.2 139.5
Feb. 2018 194.8 150.6 146.0 96.7 140.7
Mar. 2018 192.2 146.5 143.1 95.5 137.4
Apr. 2018 197.6 143.6 148.4 99.0 141.0
May 2018 200.8 146.4 155.2 104.8 150.1
June 2018 201.5 150.9 159.8 111.6 151.1
July 2018 201.9 157.2 154.7 109.5 154.4
Aug. 2018 201.5 156.0 159.4 101.7 153.0
Sep. 2018 202.4 165.5 162.3 101.9 150.7
Okt. 2018 202.1 168.1 163.4 110.5 150.9
Nov. 2018 201.6 168.8 157.1 120.1 159.7
Dec. 2018 202.4 157.0 156.2 120.4 166.4
Jan. 2019 204.1 152.5 162.6 119.0 172.7
Feb. 2019 203.8 151.0 168.4 129.0 172.8
Mar. 2019 203.2 151.4 173.5 134.6 170.8
Apr. 2019 205.4 153.2 176.6 131.2 173.5
May 2019 206.8 154.1 176.5 115.5 170.8
June 2019 210.0 150.4 177.8 120.4 179.6
July 2019 206.5 147.3 179.7 126.7 180.8
Aug. 2019 207.5 144.9 179.4 137.5 181.5
Sep. 2019 205.4 148.4 178.6 147.3 183.9
Okt. 2019 207.2 146.9 184.7 148.3 185.8
Nov. 2019 207.3 149.9 193.6 147.2 189.4
Dec. 2019 208.2 150.7 198.7 144.4 188.8
Jan. 2020 208.9 150.5 193.2 145.1 191.2
Feb. 2020 210.9 147.4 186.1 142.0 183.5

Monthly change: machinery and equipment decreases manufacturing turnover

Total Norwegian manufacturing turnover decreased by 1.6 per cent from January to February 2010, according to seasonally-adjusted figures. The domestic market contributed to the decrease. An increase was reported in the export market. The industry building of ships and oil platforms and machinery and equipment contributed the most to the decrease in Norwegian manufacturing turnover, with a decrease of 7.8 and 15 per cent respectively in the period.

On the other hand, food products contributed the most to curb the negative development in total manufacturing turnover.

Monthly change: increase in manufacturing turnover in the euro area in January 2020

Manufacturing turnover in the euro area increased by 2,4 per cent from December 2019 to January 2020, according to seasonally-adjusted figures. Total turnover in Norwegian manufacturing decreased by 1.2 per cent in the same period. In the other Scandinavian countries, the turnover in Denmark went down by 1.5 per cent and increased by 3.5 per cent in Sweden per cent, according to Eurostat.

Impact of the Covid-19-virus on the manufacturing turnover for February 2020

Figures for February 2020: In February 2020 the turnover in manufacturing in Norwegian oil and gas extraction, mining, manufacturing and electricity supply is measured for the period 1.-29. February 2020. On Thursday 12th of March 2020, the Norwegian government introduced a series of measures in order to stopping the spread of the virus. Hence, the manufacturing turnover which is measured in this period is not affected by these measures.

Data collection: The data collection for February figures has been conducted in the period from 2. March to 3.April 2020. Even though some of the data collection has been done after the 12th of March, the response rate is still quite high. The response rate for February 2020 is 94.6 per cent, while the corresponding rate for the same period last year was 98.5 per cent.

Next publications: Statistics Norway is planning to continue disseminating the manufacturing turnover according to the initial publication calendar. There is however great uncertainty related to the data collection process in the coming months. The manufacturing turnover for March will be released on the 8th of May.

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