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54220
Industrial turnover remained unchanged
statistikk
2011-09-07T10:00:00.000Z
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, July 2011

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Industrial turnover remained unchanged

The total turnover in Norwegian manufacturing remained unchanged from May to July 2011 compared to the previous three-month period, according to seasonally-adjusted figures.

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

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

Turnover within fabricated metal products showed an increase in turnover of 12.5 per cent, while machinery and equipment grew 2.7 per cent this last three-month period. Behind this is the increased production volume that both groups showed in the same period. See the Index of production . Repair, installation of machinery went up by 7.7 per cent, and food products increased by 1.3 per cent.

Industries with reduced turnover were building of ships, boats and oil platforms, down 12.6 per cent. In addition, turnover fell within refined petroleum, chemicals and pharmaceuticals by 6.6 per cent, as well as basic metals by 2.7 per cent. Both industries experienced a price drop in May and June this year.

Increased turnover from June to July 2011

Seasonally-adjusted figures showed that the turnover in Norwegian manufacturing increased by 5.1 per cent from June to July this year. An important contributor was the industrial grouping refined petroleum, chemicals and pharmaceuticals, up 19 per cent. This came as a result of higher prices within this market in July this year. Also machinery and equipment as well as basic metals had positive results and reached a 13 and 7.3 per cent increase respectively.

Decrease in turnover from July 2010

Unadjusted figures showed that the total manufacturing turnover fell by 2.7 per cent since the same month last year. The home market fell by 6.8 per cent; conversely figures for the export market showed a 3.8 per cent increase.

Norway and the euro area

Unadjusted figures show that the Norwegian manufacturing turnover went down 7.6 per cent from June 2010 to June 2011. Manufacturing turnover in the euro area went up 2.8 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. July 2011
 
  Original series.1
January-July 2011		 Changes in per cent.
January-July 2010-
January-July 2011		 Original series.1
July 2011		 Changes in per cent.
July 2010-July 2011		 Changes in per cent.
Seasonally adjusted.
February 2011-April 2011-
May 2011-July 2011
 
The overall turnover  898 412 6.3  122 901 12.2 -0.2
           
Extraction and related services  377 222 15.9 58 454 32.9 -2.1
Manufacturing, mining and quarrying  430 414 -0.1 54 622 -3.1 0.2
Domestic market  252 825 -5.4 31 995 -7.2 -0.3
Export market  177 587 8.4 22 627 3.2 3.8
Electricity, Gas and Steam Supply 90 776 2.0 9 825 7.8 0.6
           
Main industrial groupings          
Intermediate goods  207 791 12.5 27 524 10.7 5.1
Capital goods  111 300 -16.2 13 478 -17.1 -1.6
Consumer goods  105 904 -1.3 13 066 -7.1 0.6
Energy goods  473 417 12.6 68 833 26.7 -6.5
 
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 February to April compared with May to July).

 

The relationship between production and turnover

The development in 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