201395_not-searchable
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201395
Growth in manufacturing turnover
statistikk
2015-06-05T10:00:00.000Z
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
Index of industrial turnover monitors sales in oil and gas, manufacturing, mining & electricity. Turnover in manufacturing increased by 2.5 per cent in the last three months.

Turnover in oil and gas, manufacturing, mining and electricity supply, April 2015

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Growth in manufacturing turnover

Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing increased by 2.5 per cent from February to April 2015 compared to the previous three-month period. However, a 0.8 per cent decline was recorded from March to April 2015.

Turnover. Percentage change and NOK millionPublished 5 June 2015
Seasonally adjustedCalendar adjusted1Unadjusted
Monthly changeThree-month changeTwelve-month changeNOK million
April 2015 / March 2015February 2015 - April 2015 / November 2014 - January 2015April 2015 / April 2014April 2015
1Adjusted for working-days and for public holidays in Norway.
Extraction, mining, manufacturing and elec-3.4-0.6-9.1126 392
Extraction and related services-7.6-3.3-20.849 089
Mining and quarrying-2.50.21.71 075
Manufacturing-0.82.5-0.165 906
Food, beverages and tobacco1.81.02.515 786
Refined petro., chemicals, pharmac.-3.21.7-13.410 229
Basic metals2.24.619.75 342
Machinery and equipment-21.17.83.07 113
Ships, boats and oil plattforms25.37.211.75 832
Electricity, gas and steam1.1-6.21.710 321

Source: Statistics Norway

The index value for turnover in manufacturing is 153.3 (2005=100) in the period February to April 2015, compared to 149.6 in the previous three-month period, according to seasonally-adjusted figures.

Three-month change: rise in all industries

Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing increased by 2.5 per cent from February to April 2015 compared to the previous three-month period.

All industries contributed to the increase where food products, non-ferrous metals, machinery and equipment, and building of ships, boats and oil platform industry had a significant share in the rise. Growth in manufacturing was further enhanced by an increase in the grouping refined petroleum, chemical and pharmaceutical industries.

Monthly change: prominent growth for building of ships, boats and oil platforms

Total Norwegian manufacturing turnover went down 0.8 per cent from March to April 2015, according to seasonally-adjusted figures. Machinery and equipment showed a strong decline of 21.1 per cent, mainly due to several large deliveries among a few leading suppliers in March. It was followed by a decrease in the grouping refined petroleum, chemical and pharmaceutical industries of 3.2 per cent.

On the contrary, repair, installation of machinery and food products edged up 3.7 and 1.7 per cent respectively. In addition to building of ships, boats and oil platforms industry with 25.3 per cent growth, these industries curbed the reduction in total turnover in this period.

Twelve-month change: refined petroleum, chemical and pharmaceutical industries went down

Calendar-adjusted figures showed that the total turnover was almost unchanged in April 2015 compared to April 2014. While the export market enjoyed an 8.5 per cent growth, the domestic market faced a 5.7 per cent decline.

Most changes in manufacturing turnover occurred in the grouping refined petroleum, chemical and pharmaceutical industries, with a decrease of 13.4 per cent. Lower prices of refined petroleum products contributed to the decline.

Monthly change: slight rise in the euro area and Norway in March 2015

Norwegian manufacturing turnover went up 0.9 per cent from February to March 201, according to seasonally-adjusted figures. Manufacturing turnover in the euro area also faced a slight increase of 0.4 per cent. In the Nordic countries, Denmark and Sweden showed an increase of 6.4 and 1.8 per cent respectively from February to March 2015, according to Eurostat.

On the effect of EasterOpen and readClose

It is important to be aware that the uncertainty for the calendar-adjusted and seasonally-adjusted indices for March and April is greater than normal due to the changed placing of Easter. This effect will also affect the seasonally-adjusted figures for the 1st and 2nd quarters. This is accounted for when adjusting for seasonal variations. However, it can still be difficult to adjust for all impacts.