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

The turnover in Norwegian manufacturing increased from 2012 to 2013 as a result of higher sales in the home market. Industries that deliver to the oil and gas sector had a solid increase in turnover in 2013. The industries machinery and equipment and repair and installation had an annual growth of 22.4 and 13.7 per cent respectively. Food industries also reported a 6.3 per cent growth in turnover. For these industries, the increase in turnover was mainly from the domestic market. For building of ships, boats and oil platforms and oil refining, chemical and pharmaceutical industry, turnover was almost unchanged from 2012 to 2013.

Annual change: metal and paper fell in 213

Although there was an increase in turnover in 2013, some of the industrial sectors showed a negative trend. Basic metals, paper and paper products fell by 9.8 and 6.5 per cent respectively. The decline was due to both lower market prices and production volumes. The reduced turnover in the export market was the main reason for the decline for these industries.

Three-month change: decline in manufacturing turnover in the 4th quarter of 2013

Seasonally-adjusted figures show that the manufacturing turnover fell 1.9 per cent in the 4th quarter of 2013 compared with the previous quarter. The decrease was due to lower turnover from the domestic market, while the export market showed an increase in the last quarter of 2013. The largest contribution to the decline came from oil refining, chemical and pharmaceutical industries with a decline of 7.7 per cent. Building of ships and oil platforms declined 8 per cent. There was also a significant decline in the repair and installation of machinery industry. The basic metals and food, beverages and tobacco industry stayed almost unchanged. Wood and wood products and fabricated metal products had a growth of 2.0 and 1.7 percent respectively.

Monthly change: slight increase from November to December 2013

Total turnover rose 0.7 per cent from November to December 2013, according to seasonally-adjusted figures. Building of ships and oil platforms as well as repair and installation of machinery showed an increase over the past month in 2013. The food industry and basic metal industry also contributed to the growth.

In the opposite direction, machinery and equipment and fabricated metal products both had a declining turnover. Refined petroleum, chemical and pharmaceutical industries and fabricated metal products also edged down in December 2013.

Monthly change: turnover growth in the euro zone in November 2013

Norwegian manufacturing turnover went down 0.3 per cent from October to November 2013, according to seasonally-adjusted figures. In the same period, manufacturing turnover in the euro area was up 2.1 per cent, according to Eurostat .