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54216
Decline in manufacturing turnover
statistikk
2011-07-07T10:00:00.000Z
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
false

Turnover in oil and gas, manufacturing, mining and electricity supply, May 2011

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Decline in manufacturing turnover

The total turnover in Norwegian manufacturing went down 1.3 per cent from March to May 2011 compared to the previous three-month period, according to seasonally-adjusted figures.

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

Index of turnover for manufacturing. Seasonally adjusted. Three-month average 2002-2011

Turnover within the industry related to building ships, boats and oil platforms fell by 4.5 per cent in the last three-month period, according to seasonally-adjusted figures. Some of this decrease was due to the reclassification of several enterprises from manufacturing to service activities (see the first explanatory box below). Food products and repair and installation of machinery reduced the turnover by 3.5 and 2.7 per cent respectively.

Among the industries with positive results in the same period were fabricated metal products, up 5.8 per cent, while rubber, plastic and mineral products went up by 4.8 per cent.

Increase in turnover from April to May 2011

Seasonally-adjusted figures showed that the turnover in Norwegian manufacturing went up by 1.9 from April to May this year. The largest contributors to this were fabricated metal products and rubber, plastic and mineral products with a growth of 16.2 and 18.6 per cent respectively.

Small change in turnover from May 2010

Unadjusted figures showed that the total manufacturing turnover went up 6 per cent since the same month last year. This was due to an increase in the export market by 22.2 per cent, while the home market fell by 3.6 per cent.

The biggest positive change since last year had refined petroleum, chemicals and pharmaceuticals with an increase in turnover of 19.5 per cent and rubber, plastic and mineral products up 25.8 per cent.

Machinery and equipment experienced a fall in turnover of 28.2 per cent and repair and installation of machinery was down 22.7 per cent.

Norway and the euro area

Unadjusted figures show that the Norwegian manufacturing turnover went up 0.2 per cent from April 2010 to April 2011. Manufacturing turnover in the euro area went up 11 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. May 2011
 
  Original series.1
January-May 2011		 Changes
in per cent.
January-May 2010-
January-May 2011		 Original series.1
Mai 2011		 Changes in per cent.
May 2010-May 2011		 Changes in per cent.
Seasonally adjusted.
December 2010-February 2011-
March 2011-May 2011
 
The overall turnover  652 886 7.1  123 297 7.4 -3.4
           
Extraction and related services  271 948 15.9 47 038 7.7 -0.4
Manufacturing, mining and quarrying  309 081 1.7 64 592 6.4 -1.3
Domestic market  180 429 -3.4 37 082 -3.0 -5.0
Export market  128 650 9.9 27 509 22.4 2.4
Electricity, Gas and Steam Supply 71 858 1.2 11 667 11.5 -8.8
           
Main industrial groupings          
Intermediate goods  146 940 14.4 32 825 20.4 1.0
Capital goods 81 247 -14.7 16 291 -11.1 -3.4
Consumer goods 75 435 -1.0 14 530 0.5 -2.9
Energy goods  349 263 12.8 59 650 8.9 -4.1
 
1  NOK million.

From manufacturing to services in oil and gas extraction

As 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 into 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 is 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 October to December compared with January to March).

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.

 

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