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54208
Industrial turnover went up
statistikk
2011-03-07T10:00:00.000Z
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, January 2011

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Industrial turnover went up

The total turnover in Norwegian manufacturing went up 3.1 per cent from November 2010 to January 2011 compared to the previous three-month period, according to seasonally-adjusted figures.

Index of turnover for manufacturing. Seasonally adjusted. Three-month average 2002-2010

Index of turnover for manufacturing January 2002-January 2011, 2005=100

Among the industries that reported a growth in turnover in this last three-month period was refined petroleum, chemicals and pharmaceutical with a 35 per cent increase. This was partially due to higher prices, see the Producer price index . However, most of this increase is due to a normalisation in activities after a planned shutdown in September 2010. This stoppage lowered the index, and when comparing this last three-month index with the previous one it appears higher than in more normal circumstances. Basic metals showed an increase in turnover by 8.8 per cent in the same period.

Industries with fabricated metal products reduced turnover by 6.8 per cent. Machinery and equipment was down 4.2 per cent, while wood and wood products fell by 3.4 per cent.

Turnover from December 2010 to January 2011

Seasonally-adjusted figures revealed that the turnover in Norwegian manufacturing went up by 1.2 per cent from December 2010 to January this year. The biggest growth in turnover was to be seen within machinery and equipment, which showed an increase in turnover of 23 per cent. This can partially be explained by an increased production volume, see the Index of production .

Increased turnover from January 2010

Unadjusted figures showed that the total manufacturing turnover incremented by 2.3 per cent since the same month last year. The industry with strongest growth was basic metals; up 25 per cent. In addition, increased turnover was seen within refined petroleum, chemicals and pharmaceutical by 23 per cent. On the other hand, industries with a fall in turnover included building of ships, boats and oil platforms, which was 21 per cent down, while repair, installation of machinery fell by 17 per cent. Meanwhile, turnover for food products decreased by 2.4 per cent in the same period.

Norway and the euro area

Unadjusted figures show that Norwegian manufacturing turnover remained almost unchanged from December 2009 to December 2010. Manufacturing turnover in the euro area went up 13.7 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. January 2011
 
  Original series.1
January 2011		 Changes in per cent.
January 2010-
January 2011		 Original series.1.
January 2011		 Changes in per cent.
January 2010-
January 2011		 Changes in per cent.
Seasonally adjusted.
August 2010-October 2010-
November 2010-January 2011
 
The overall turnover  134 668 14.2  134 668 14.2 13.1
           
Extraction and related services 57 554 26.9 57 554 26.9 22.4
Manufacturing, mining and quarrying 58 348 2.6 58 348 2.6 3.0
Domestic market 34 742 1.1 34 742 1.1 2.7
Export market 23 606 4.8 23 606 4.8 4.8
Electricity, Gas and Steam Supply 18 766 19.6 18 766 19.6 25.7
           
Main industrial groupings          
Intermediate goods 27 484 19.0 27 484 19.0 4.0
Capital goods 15 695 -12.5 15 695 -12.5 -1.7
Consumer goods 14 276 -3.1 14 276 -3.1 -1.9
Energy goods 77 214 24.3 77 214 24.3 28.2
 
1  NOK million.

From manufacturing to services in oil and gas extraction

From January 2011 several enterprises have been reclassified from manufacturing to service activities in oil and gas extraction in the Central register of establishments and enterprises. As a result, these establishments have been moved from manufacturing to extraction and related services in the statistics on turnover. These changes have also been incorporated in the population that is used to inflate the sample to total turnover in the various industries. Read more about the changes in the annual statistics for oil and gas activity .

Changes in population basis

Turnover from auxiliary enterprises and financial holding companies are excluded from the defined population for the monthly statistics on turnover. This is in accordance with forthcoming changes in the publication of annual manufacturing statistics.

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 August to October compared with November to January).

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.

New table in StatBank

From November 2010, series on annual figures are published in the StatBank (table 08534). Annual figures are calculated as the arithmetic mean of the unadjusted monthly figures.

 

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