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8104
Stable manufacturing turnover
statistikk
2010-11-05T10:00:00.000Z
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, September 2010

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Stable manufacturing turnover

Seasonally-adjusted figures show a small decrease of 0.7 per cent in the turnover in Norwegian manufacturing from the second quarter of 2010 to the third quarter of 2010.

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

Index of turnover for manufacturing January 2001-September 2010, 2005=100

The turnover in Norwegian manufacturing went up by 0.4 per cent in the domestic market but went down by 2.3 per cent in the export market.

The industry that reported the greatest decline in turnover from the second quarter of 2010 to the third quarter of 2010 was refined petroleum, chemicals and pharmaceutical products with a fall of 13.4 per cent. The turnover also went down in machinery and equipment, by 7.1 per cent. The decline was mainly caused by a lower turnover in the domestic market.

On the other hand, industries with a higher turnover included building of ships, boats and oil platforms, which had an increase of 6.1 per cent. This industry also experienced a higher production volume from the second to the third quarter of 2010, (see the index of production ). Within rubber, plastic and mineral products the turnover increased by 4.7 per cent, mainly due to the development in the domestic market. An increase was also reported in the food products industry. The increase was 2.5 per cent from the second to the third quarter of 2010.

Lower turnover in September

The turnover in Norwegian manufacturing fell by 1 per cent from August to September 2010, according to seasonally-adjusted figures. The fall was most pronounced with 19 per cent within the industry refined petroleum, chemicals and pharmaceutical products.

Decrease in September 2010 compared to September 2009

Unadjusted figures showed a fall of 5.3 per cent in total manufacturing turnover in September 2010 compared to September 2009. The strongest fall was within refined petroleum, chemicals and pharmaceutical products and equipment by 23 per cent. The turnover within machinery and ships, boats and oil platforms was down by 20.8 and 13 per cent respectively. The turnover fell by 7.5 per cent in food products.

Norway and the Euro area

Unadjusted figures show that there was a 1.4 per cent increase in Norwegian manufacturing turnover from August 2009 to August 2010. Manufacturing turnover in the Euro area went up 15 per cent in the same period, according to figures published by Eurostat . These figures must be considered in relation to the fact that the decline in Norwegian industry was not as pronounced as in the countries in the EU, and had a different course due to differences in the structure of industry.

Statistics on turnover of oil and gas extraction, mining and quarrying, manufacturing, electricity and gas supply. September 2010
 
  Original series.1
January-September 2010		 Changes in per cent.
January-September 2009-
January-September 2010		 Original series.1
September 2010		 Changes in per cent.
September 2009-
September 2010		 Changes in per cent.
Seasonally adjusted.
April 2010-June 2010-
July 2010-September 2010
 
The overall turnover 1 073 413 3.7  119 508 3.8 -4.2
           
Extraction and related services  407 387 3.4 42 816 8.7 -7.6
Manufacturing, mining and quarrying  558 264 -1.4 66 293 -5.2 -0.5
Domestic market  348 427 -4.6 42 616 -7.3 1.0
Export market  209 838 4.5 23 676 -1.1 1.9
Electricity, Gas and Steam Supply  107 763 42.8 10 399 78.3 -6.4
           
Main industrial groupings          
Intermediate goods  245 105 8.2 31 643 10.9 3.1
Capital goods  169 329 -12.4 19 679 -12.1 -0.8
Consumer goods  140 433 -2.8 17 663 -4.0 1.7
Energy goods  518 546 10.1 50 524 10.3 -10.5
 
1  NOK million.

Interpretation of seasonally-adjusted figures

In order to facilitate the interpretation of the short-term development, Statistics on turnover publishes three-month moving averages of the seasonally-adjusted figures. We normally compare the latest non-overlapping three-month periods (for instance July to September compared with April to June). Seasonally-adjusted changes from one month to another must be interpreted with caution.

The relationship between production and turnover

The development in the turnover can be related to changes in both volume and prices in the different industries. Production to stocks and sales from stocks can also happen. Reporting during large deliveries of capital goods can contribute to differences in the development in the index of production and the statistics on turnover.
 

Tables

Published tables