Unchanged manufacturing turnover

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After several periods with increased turnover in Norwegian manufacturing, seasonally-adjusted figures show that the total turnover in Norwegian manufacturing was almost unchanged in the period December 2018 to February 2019, compared with the previous three-month period. On monthly basis, from January to February, the manufacturing turnover decreased by 0.9 per cent

Written by: Yun Walther-Zhang

The index value for turnover in manufacturing was 157.0 (2005=100) in the period December 2018 to February 2019, compared to 156.9 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. 2009 142.5
Feb. 2009 141.3
Mar. 2009 142.0
Apr. 2009 139.5
May 2009 137.2
June 2009 133.5
July 2009 132.8
Aug. 2009 134.0
Sep. 2009 135.9
Okt. 2009 137.0
Nov. 2009 137.1
Dec. 2009 137.4
Jan. 2010 137.1
Feb. 2010 136.0
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 144.0
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 145.0
Nov. 2012 145.8
Dec. 2012 145.4
Jan. 2013 146.6
Feb. 2013 145.5
Mar. 2013 146.7
Apr. 2013 146.0
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 151.3
Mar. 2014 150.3
Apr. 2014 152.0
May 2014 150.3
June 2014 149.5
July 2014 148.6
Aug. 2014 151.2
Sep. 2014 151.3
Okt. 2014 151.6
Nov. 2014 150.6
Dec. 2014 152.3
Jan. 2015 150.2
Feb. 2015 150.3
Mar. 2015 151.2
Apr. 2015 153.5
May 2015 152.0
June 2015 150.4
July 2015 148.9
Aug. 2015 148.7
Sep. 2015 147.8
Okt. 2015 147.5
Nov. 2015 144.7
Dec. 2015 143.8
Jan. 2016 141.6
Feb. 2016 140.3
Mar. 2016 138.9
Apr. 2016 138.2
May 2016 139.3
June 2016 139.1
July 2016 138.8
Aug. 2016 137.3
Sep. 2016 136.4
Okt. 2016 135.0
Nov. 2016 134.4
Dec. 2016 133.9
Jan. 2017 135.9
Feb. 2017 138.2
Mar. 2017 139.9
Apr. 2017 140.3
May 2017 138.1
June 2017 137.2
July 2017 137.1
Aug. 2017 139.6
Sep. 2017 140.6
Okt. 2017 141.6
Nov. 2017 142.7
Dec. 2017 146.0
Jan. 2018 146.2
Feb. 2018 146.2
Mar. 2018 144.5
Apr. 2018 145.9
May 2018 148.1
June 2018 151.2
July 2018 152.4
Aug. 2018 153.0
Sep. 2018 153.9
Okt. 2018 155.7
Nov. 2018 156.9
Dec. 2018 156.6
Jan. 2019 157.0
Feb. 2019 157.0

Three-month change: refined petroleum, chemicals and pharmaceuticals slowed down the total turnover

Seasonally-adjusted figures show that the turnover in Norwegian manufacturing increased marginally by 0.1 per cent in the period December 2018 to February 2019 compared with the previous three-month period. Most of the increase stemmed from the export market. On the other side, the domestic market deceased slightly.

While several industries had turnover growth, the industry grouping refined petroleum, chemicals and pharmaceuticals contributed negatively to the development. The industry grouping decreased by 11.5 per cent in this period. A considerable decline in prices on refined petroleum products together with decreased production were the main reasons behind this decline. For further information on the price trend in the industry, see the Producer Price Index.

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. 2013 160.8 154.9 165.0 129.7 236.2
Feb. 2013 160.7 156.8 158.0 126.6 238.7
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 168.1 152.5 172.5 144.1 274.2
Feb. 2014 168.4 152.8 172.1 157.5 265.3
Mar. 2014 166.0 149.1 173.8 162.4 259.1
Apr. 2014 170.6 147.1 172.8 167.3 266.6
May 2014 171.7 144.6 169.7 155.2 262.3
June 2014 172.9 142.5 168.1 150.2 266.8
July 2014 170.8 140.2 171.6 143.3 274.4
Aug. 2014 171.9 136.5 170.8 151.5 306.0
Sep. 2014 173.0 134.2 171.4 150.2 307.5
Okt. 2014 173.2 132.0 169.0 161.4 305.5
Nov. 2014 174.1 135.5 169.8 158.0 290.6
Dec. 2014 175.8 134.3 172.4 156.1 297.2
Jan. 2015 177.8 128.7 160.3 140.0 305.6
Feb. 2015 177.6 123.2 158.0 143.9 308.3
Mar. 2015 177.2 127.1 157.2 142.2 319.5
Apr. 2015 178.1 130.5 165.5 157.0 308.5
May 2015 178.5 131.0 167.4 148.2 302.3
June 2015 179.1 132.1 162.9 142.6 278.7
July 2015 179.0 132.8 158.5 135.8 270.7
Aug. 2015 180.2 129.5 157.3 134.7 259.5
Sep. 2015 179.9 131.7 152.0 133.7 256.3
Okt. 2015 181.3 134.1 152.3 121.9 256.0
Nov. 2015 183.0 137.8 146.8 109.6 243.2
Dec. 2015 185.4 132.2 151.5 113.1 236.8
Jan.2016 186.7 124.4 150.5 121.0 223.0
Feb. 2016 190.7 115.8 150.1 120.7 212.3
Mar. 2016 193.3 110.9 145.1 112.9 204.7
Apr. 2016 194.2 109.7 143.0 106.3 196.8
May 2016 192.7 113.7 141.0 112.8 189.5
June 2016 193.9 115.0 143.4 114.8 168.2
July 2016 194.0 114.9 153.4 112.0 164.9
Aug. 2016 193.6 113.0 155.2 103.8 160.0
Sep. 2016 193.4 105.9 156.6 101.4 170.3
Okt. 2016 194.6 101.1 146.4 101.6 161.6
Nov. 2016 195.8 96.8 147.1 104.9 149.1
Dec. 2016 195.7 101.1 143.0 100.4 132.1
Jan. 2017 196.5 117.7 142.5 97.9 127.3
Feb. 2017 197.7 132.2 140.7 90.8 131.7
Mar. 2017 198.6 140.4 148.9 96.7 128.3
Apr. 2017 196.2 136.8 146.9 96.3 127.3
May 2017 190.0 133.0 144.6 90.9 120.9
June 2017 186.2 131.2 143.3 83.8 123.8
July 2017 187.5 128.1 142.7 91.8 113.5
Aug. 2017 192.2 130.3 136.4 103.5 116.3
Sep. 2017 194.7 133.2 133.8 104.2 116.8
Okt. 2017 194.6 136.2 143.9 96.4 124.6
Nov. 2017 195.0 140.0 146.8 93.6 128.3
Dec. 2017 197.8 148.6 146.5 96.2 141.9
Jan. 2018 195.5 153.0 139.8 96.6 143.7
Feb. 2018 195.2 150.9 144.7 96.3 143.7
Mar. 2018 192.5 144.8 142.6 95.9 136.7
Apr. 2018 197.7 142.8 148.7 98.0 139.4
May 2018 200.9 146.8 156.3 101.6 148.6
June 2018 202.3 150.1 159.8 109.7 152.7
July 2018 202.2 155.8 154.2 107.6 153.6
Aug. 2018 201.7 153.6 154.1 104.1 150.4
Sep. 2018 201.7 165.5 156.7 103.0 147.3
Okt. 2018 201.7 168.4 160.8 113.4 148.6
Nov. 2018 200.9 171.1 161.6 122.2 161.2
Dec. 2018 201.5 160.6 161.6 123.1 170.8
Jan. 2019 203.8 155.5 164.3 121.4 180.4
Feb. 2019 204.0 151.5 166.7 128.5 177.6

Monthly change: reduced turnover in food products

Total Norwegian manufacturing turnover had a decline of 0.9 per cent from January to February 2019, according to seasonally-adjusted figures.

The most negative contribution stemmed from food products and the industry grouping refined petroleum, chemicals and pharmaceuticals.

Building of ships, boats and oil platforms, manufacture of basic metals and machinery and equipment contributed the most in curbing the negative development in turnover in manufacturing. Within building of ships, boats and oil platforms, there were some large ship deliveries.

Monthly change: Increase in turnover in manufacturing in the euro area in January 2019

Manufacturing in the euro area increased by 1.3 per cent from December 2018 to January 2019, according to seasonally-adjusted figures. Total turnover in Norwegian manufacturing increased by 1.6 per cent in the same period. In the Nordic countries, the turnover in Denmark went down by 1.9 per cent, while Sweden was up by 7.1 per cent, according to Eurostat.

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