Turnover in oil and gas, manufacturing, mining and electricity supply, October 2010

Most of the industries showed lower turnover figures when considering figures with normal seasonal variations. Building of ships, boats and oil platforms contributed strongly to this downfall with a 6 per cent decrease. This fall has to be seen in relation to the particularly large deliveries in the previous three-month period. Turnover dropped 11 per cent within the industries related to refined petroleum, chemicals and pharmaceuticals. In addition, turnover for basic metals went down 1.8 per cent as a result of lower production volume, see the index of production .

Meanwhile, turnover for food products went up 1.2 per cent.

Turnover from September to October 2010

The turnover in Norwegian manufacturing went up by 3 per cent from September to October 2010, according to seasonally-adjusted figures. This increase is mainly due to the particularly lower turnover figures reported last month from the industry related to refined petroleum. These lower figures were a result of a planned shutdown. Another industry that contributed strongly to this result was building of ships, boats and oil platforms with a 17 per cent increase due to large deliveries this last month.

Almost unchanged turnover in October 2010 compared to October 2009

Unadjusted figures showed that the total manufacturing turnover was almost unchanged in October 2010 compared to October 2009. Among the industries with increased turnover were refined petroleum, chemicals and pharmaceuticals, up 19.6 per cent. In addition, basic metals went up 17.4 per cent. Both industries have experienced a strong price rise since October last year, see producer price index . The industry related to building of ships, boats and oil platforms increased its turnover by 4.9 per cent.

Industrial groupings with reduced turnover in this period included machinery and equipment, down 18.2 per cent and repair, installation of machinery with a 21.7 per cent fall.

Norway and the euro area

Unadjusted figures show that there was a 3.2 per cent decrease in Norwegian manufacturing turnover from September 2009 to September 2010. Manufacturing turnover in the euro area went up 9 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.

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