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Decline in manufacturing turnover in 2009
statistikk
2010-02-05T10:00:00.000Z
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
false

Turnover in oil and gas, manufacturing, mining and electricity supply, December 2009

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Decline in manufacturing turnover in 2009

Norwegian manufacturing went down by 7.3 per cent in 2009 compared to 2008. Turnover within the export market was strongly reduced by 16.1 per cent in the same period, while the home market showed a moderate decrease of 1.7 per cent.

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

Index of turnover for manufacturing. Seasonally adjusted. Three-month average 2000-2009

Despite manufacturing turnover showing positive results since September 2009, the figures for 2009 were lower than 2008 for the majority of the industrial groupings. This development can be partially explained by reduced production volume ( Index of production ) as a result of diminished demand, especially for export orientated groupings. The Producer price index showed an increase in price levels for the manufacturing industry of 0.1 per cent from 2008 to 2009 ( Producer price index ). This is clearly lower than previous years. It is important to mention that both 2007 and 2008 marked record high turnover for industrial manufacturing, and that the figures for 2009 are still at a relatively high level, historically.

Basic metals fall

The strongest fall was within basic metals, down 34.0 per cent from 2008 to 2009. Lower demand because of the financial crisis resulted in lower prices and a full stop on production in some factories.

Nevertheless, this industrial grouping has shown positive results since September 2009 according to the seasonally-adjusted figures.

Refined petroleum, chemicals and pharmaceuticals

The industries related to refined petroleum, chemicals and pharmaceuticals also reduced its turnover in 2009, down 20.6 per cent. This can be explained by lower demand within the export market. The production volume was strongly reduced in the first half of the year due to the fall in demand. As a consequence, prices were also reduced from 2008 to 2009, by 7.1 per cent. ( Index of production ). Conversely, turnover for this grouping improved in the second half of 2009.

Among industrial groupings that buffered the fall, was machinery and equipment, up 12.5 per cent. This increase came mainly from the home market. This also applied to turnover of food products, which went up by 8.6 per cent with an increase of 9.1 per cent within the home market.

Positive development in fourth quarter 2009

Seasonally-adjusted figures showed that industrial turnover rose by 2.1 per cent from the 3rd to 4th quarter in 2009. The strongest contributors were refined petroleum, chemicals and pharmaceuticals and basic metals by 9.9 and 2.5 per cent respectively. In addition, the industry related to building ships and platforms went up by 9.7 per cent. This was due to the delivery of large projects.

Norway and the Euro area

Unadjusted figures show that there was a 1.8 per cent fall in Norwegian manufacturing turnover from November 2008 to November 2009. Manufacturing turnover in the Euro area dropped 6.5 per cent in the same period, according to figures published by Eurostat .

Statistics on turnover of oil and gas extraction, mining and quarrying, manufacturing, electricity and gas supply. December 2009
  Original series.1January-December 2009 Changes in per cent. January-December 2008-January-December 2009 Original series.1December 2009 Changes in per cent. December 2008-December 2009 Changes in per cent. Seasonally adjusted. July 2009-September 2009-October 2009-December 2009
The overall turnover 1 408 201 -13.2  126 555 0.2 3.6
           
Extraction and related services  531 361 -20.6 47 093 2.0 4.6
Manufacturing, mining and quarrying  769 788 -7.4 66 026 -0.1 1.9
Domestic market  497 467 -1.7 43 842 0.5 2.3
Export market  272 320 -16.3 22 184 -1.3 1.7
Electricity, Gas and Steam Supply  107 054 -12.2 13 437 -4.8 7.1
           
Main industrial groupings          
Intermediate goods  306 404 -8.7 25 586 3.4 1.2
Capital goods  260 093 2.5 23 342 -5.1 1.6
Consumer goods  199 152 0.5 16 753 - -0.7
Energy goods  642 554 -23.0 60 875 1.0 6.6
1  NOK million.

Documentation on seasonal adjustment

Statistics Norway has developed general and survey specific documentation on seasonal adjustment practices. The documentation is based on the European Statistical System (ESS): Guidelines on seasonal adjustment . This documentation clarifies the seasonal adjustment practices in use in Statistics Norway, and simplifies a comparison between surveys. Different quality measures are also published in the survey specific documentation. The survey specific documentation is available in the left margin under About seasonal adjustment . The general documentation is available under: http://www.ssb.no/english/metadata/methods/seasonal_adjustment.pdf