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108539
Growth in industrial turnover
statistikk
2013-11-07T10:00:00.000Z
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, September 2013

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Growth in industrial turnover

Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased by 4.1 per cent from July to September 2013 compared to the previous three-month period.

Turnover. Percentage change and NOK millionPublished 7 November 2013
Seasonally adjustedCalendar adjusted1Unadjusted
Monthly changeThree-month changeTwelve-month changeNOK million
September 2013 / August 2013July 2013 - September 2013 / April 2013 - June 2013September 2013 / September 2012September 2013
1Adjusted for working-days and for public holidays in Norway.
Extraction, mining, manufacturing and elec-0.32.310.2138 231
Extraction and related services-2.60.510.351 868
Mining and quarrying12.7-11.6-8.01 362
Manufacturing-0.24.25.474 902
Food, beverages and tobacco-2.02.68.518 041
Refined petro., chemicals, pharmac.3.110.39.112 132
Basic metals1.01.71.84 574
Machinery and equipment5.38.225.38 626
Ships, boats and oil plattforms-13.012.5-8.85 916
Electricity, gas and steam10.11.269.410 099

Source: Statistics Norway

The total turnover increased 4.1 per cent in the last three-month period compared to the previous three-month period according to seasonally-adjusted figures. Both the domestic and export market enjoyed a positive trend.

Building of ships, boats and oil platforms was the biggest contributor, with growth of 12.5 per cent, mainly as a result of several project deliveries in this period. Moreover, the grouping refined petroleum products, basic chemicals, and chemical and pharmaceutical products had an increase of 10.3 per cent. The machinery and equipment industry edged up 8.2 per cent and computer and electrical equipment grew 7.9 per cent, both helping to pull up the total turnover.

Conversely, turnover in repair, installation of machinery had a decline of 4.2 per cent and fabricated metal products decreased 3.8 per cent.

Flat trend in turnover from August to September

Seasonally-adjusted figures showed that total Norwegian manufacturing roughly contracted 0.2 per cent from August to September. Notable declines were seen in building of ships, boats and oil platforms (13 per cent), repair, installation of machinery (11.2 per cent), and paper and paper products (10.2 per cent).

However, machinery and equipment recorded an increase of 5.3 per cent and fabricated metal products edged up 4.9 per cent. In addition, the grouping refined petroleum products, basic chemicals, and chemical and pharmaceutical products went up 3.2 per cent in this period.

Strong growth for machinery and equipment from September 2012

Calendar-adjusted figures showed an increase of 5.4 per cent in total manufacturing turnover in September 2013 compared to September 2012.

The largest increase was for machinery and equipment, growing by 25.3 per cent. This was followed by solid figures within repair, installation of machinery, with an 11.4 per cent increase.

On the other hand, building of ships, boats and oil platforms fell by 8.8 per cent.

Norway and the euro area

Seasonally-adjusted figures show that Norwegian manufacturing turnover went down 0.8 per cent from July to August 2013. Manufacturing turnover in the euro area went up 1.9 per cent in the same period, according to figures published by Eurostat.