Turnover in oil and gas, manufacturing, mining and electricity supply, October 2013

The biggest contributor to the 1.4 per cent increase was the grouping refined petroleum products, basic chemicals, and chemical and pharmaceutical products. These industries had a growth of 6.2 per cent from August to October 2013 compared to the previous three-month period, according to seasonally-adjusted figures . Computer and electrical equipment edged up 8.6 per cent, and rubber, plastic and mineral products grew 5.0 per cent, both helping to pull up the total turnover.

On the contrary, building of ships, boats and oil platforms recorded a 6.8 per cent decline in this period. Slight decreases were seen in the machinery and equipment industry (1.5 per cent), fabricated metal products (3.6 per cent), and repair, installation of machinery (2.0 per cent).

Basic metal remained unchanged; however, non-ferrous metals edged down 0.2 per cent.

Slight reduction in turnover from September to October

Seasonally-adjusted figures showed that total Norwegian manufacturing turnover decreased 1.6 per cent from September to October.

Most industries in manufacturing recorded a decrease in this period. The machinery and equipment industry (13 per cent), the grouping refined petroleum products, and chemical and pharmaceutical products (7.9 per cent), computer and electrical equipment (4.4 per cent), fabricated metal products (1.2 per cent), and finally basic metals (2.6 per cent) accounted for most of the declines in the turnover from September to October.

However, manufacturing turnover was not negative in all industries. Paper and paper products edged up 2.9 per cent, while food, beverage and tobacco went up 1.6 per cent in this period. Moreover, repair, installation of machinery edged up 2.2 per cent.

Food products had strong growth from October 2012

Calendar-adjusted figures showed an increase of 3.9 per cent in total manufacturing turnover in October 2013 compared to October 2012.

The largest increase was for food products, growing by 12.9 per cent, as a result of increases in both volume and price. The fish products industry was the major contributor to the growth. This was followed by solid figures within rubber, plastic and mineral products, which registered a 10.8 per cent increase.

Basic metals, on the other hand, fell by 8.1 per cent and non-ferrous metals decreased 4.7 per cent.

Norway and the euro area

Seasonally-adjusted figures show that Norwegian manufacturing turnover went down 0.5 per cent from August to September 2013. Manufacturing turnover in the euro area also went down 0.9 per cent in the same period, according to figures published by Eurostat.