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8110
Moderate growth in manufacturing turnover
statistikk
2010-08-06T10:00:00.000Z
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 supplyJune 2010

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Moderate growth in manufacturing turnover

Seasonally-adjusted figures show a growth of 0.6 per cent in the turnover in Norwegian manufacturing from the first quarter of 2010 to the second quarter of 2010.

Selected industries. Seasonally adjusted. Three-month average 2005-2010

Index of turnover for manufacturing. Seasonally adjusted. Three-month average 2001-2010

The turnover increased by 3.2 per cent within the domestic market while falling 4.4 per cent in the export market.

Among the industries which reported a growth in turnover from the first quarter of 2010 to the second quarter of 2010, were wood and products with an increase of 8.9 per cent. The positive tendency for this industry was driven by a higher production volume (see Index of production ). Rubber, plastic and mineral products went up 11.1 per cent from the first quarter of 2010 to the second quarter of 2010. Both of these industries supply merchandise to construction-related industries, which are currently experiencing a positive development. Within basic metals, the growth in turnover in the same period was 10.8 per cent.

The industry building of ships and oil platforms reported a fall in turnover, down by 14.6 per cent. The majority of this fall was caused by large deliveries of ships in the first quarter of 2010. Turnover within the industries refined petroleum, chemicals and pharmaceutical products and food products was down 5.4 and 1 per cent respectively from the first quarter of 2010 to the second quarter of 2010.

Selected industries. Seasonally adjusted. Three-month average 2003-2010

Increase in turnover since June last year

Unadjusted figures show an increase in total manufacturing turnover of 4.1 per cent from June 2009 to June 2010. The turnover increased by 3.8 and 4.8 per cent respectively in the domestic and export market.

Increased turnover from May to June

Seasonally-adjusted figures show an increase in Norwegian manufacturing turnover of 3.0 per cent from May to June this year. The major contributors to this result were building of ships, boats and oil platforms - down 19.1 per cent.

Lower growth than the Euro area

Unadjusted figures show that there was a 3.2 per cent increase in the Norwegian manufacturing turnover from May 2009 to May 2010. Manufacturing turnover in the Euro area went up 13 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. June 2010
 
  Original series.1
January-June 2010
  Changes in per cent.
January-June 2009-
January-June 2010
  Original series.1
  June 2010
  Changes in per cent.
  June 2009-June 2010
  Changes in per cent.
Seasonally adjusted.
  January 2010-March 2010-
April 2010-June 2010
 
The overall turnover  736 938 5.0  125 930 9.7 -1.8
           
Extraction and related services  281 562 5.6 46 853 15.2 1.3
Manufacturing, mining and quarrying  375 490 -1.0 70 198 4.2 0.6
Domestic market  233 855 -4.5 45 592 3.6 3.1
Export market  141 635 5.4 24 605 5.4 -4.1
Electricity, Gas and Steam Supply 79 886 41.6 8 879 31.6 -12.2
           
Main industrial groupings          
Intermediate goods  159 887 6.9 31 244 13.5 6.2
Capital goods  117 246 -12.9 21 286 -6.0 -2.5
Consumer goods 93 513 -2.4 16 684 -0.1 -1.2
Energy goods  366 290 13.7 56 733 18.4 -4.1
 
1  NOK million.

Seasonally-adjusted three-month moving average

The seasonally-adjusted three-month moving average for all series is now available in StatBank. Three-month moving average is used to minimise the effect of random variation in monthly figures in order to give a better description of current economic trends. The three-month moving average index number is the average of the three previous monthly index numbers. For example: three-month moving average for June is the average monthly index numbers for April, May and June.

 

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