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Manufacturing turnover still falling
statistikk
2009-04-07T10:00:00.000Z
Energy and manufacturing;Energy and manufacturing
en
ogibkoms, Turnover in oil and gas, manufacturing, mining and electricity supply, industrial turnover, domestic market, export market, valueEnergy , Oil and gas , Manufacturing, mining and quarrying , Energy and manufacturing
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Turnover in oil and gas, manufacturing, mining and electricity supply, February 2009

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Manufacturing turnover still falling

Seasonally adjusted figures show that the turnover in Norwegian manufacturing decreased by 5.0 per cent in the period December 2008 to February 2009, compared to the previous three-month period.

The turnover dropped by 5.5 per cent in the domestic market, and 4.4 per cent in the export market. The decrease in total turnover is a result of both a decline in prices for some industries (see producer price index ) and reduced production volume in this period (see the index of production ).

Index of turnover for manufacturing January 2000-February 2009, 2005=100

The industries that experienced the largest drop in turnover from December 2008 to February 2009, compared to the previous three-month period, were basic metals, by 25.4 per cent, and refined petroleum, chemicals and pharmaceuticals, by 12.1 per cent. Both industries experienced falling market prices in this period. The fall in turnover also continued for fabricated metal products, wood and wood products, and paper and paper products, even though the latter experienced rising market prices in this period.

The turnover for ships, boats and oil platforms rose by 13.1 per cent in this last three-month period, and machinery and equipment went up by 11.3 per cent. Mainly caused by this, the turnover of capital goods was 4.5 per cent higher in December 2008-February 2009 compared to the previous three months. Food products experienced a 1.4 per cent increase in turnover this same period.

Manufacturing turnover down 1.8 per cent from January to February

Seasonally adjusted figures show a decrease in manufacturing turnover, by 1.8 per cent, from January to February this year. The turnover in the domestic market fell 0.9 per cent and the turnover in the export market dropped by 0.4 per cent. For more details on monthly figures by industry or commodity, please see the StatBank in the menu to the left.

February this year was substantially weaker than February last year

Manufacturing turnover fell by 9.0 per cent in February 2009 compared to February 2008, according to unadjusted figures. I the same period wood and wood products fell the most, with a decrease in turnover of 35.8 per cent, basic metals went down by 33.2 per cent and refined petroleum, chemicals and pharmaceuticals dropped 25.2 per cent. Turnover increased by 14.0 per cent for machinery and equipment, and by 9.1 per cent for ships, boats and platforms.

Statistics on turnover of oil and gas extraction, mining and quarrying, manufacturing, electricity and gas supply. February 2009
  Original series1.
January-February 2009 		Changes in per cent.
January-February 2008-
January-February 2009 		Original series1.
February 2009 		Changes in per cent.
February 2008-
February 2009 		Changes in per cent. Seasonally adjusted.
September 2008-November 2008-
December 2008-February 2009
The overall turnover  242 185 -8.2  117 353 -11.3 -7.1
           
Extraction and related services 96 667 -12.5 46 250 -16.8 -9.3
Manufacturing, mining and quarrying  121 340 -7.0 60 734 -9.0 -5.5
Domestic market 68 296 -10.2 34 772 -12.0 -5.6
Export market 53 045 -2.5 25 962 -4.6 -5.4
Electricity, Gas and Steam Supply 24 178 5.7 10 369 4.7 -8.5
           
Main industrial groupings          
Intermediate goods 48 477 -8.4 23 944 -10.2 -6.0
Capital goods 41 854 11.9 21 519 6.0 4.5
Consumer goods 31 318 -5.1 15 767 -2.9 -2.2
Energy goods  120 536 -14.2 56 123 -18.7 -10.6
1  NOK million.

Re-calculated figures for 2008

The figures for January to December 2008 are re-calculated because of an error in the industrial classification of a unit. New results are available in the StatBank. The correction mainly influences the industry Textiles, wearing apparel, leather.