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201411
Fall in manufacturing turnover
statistikk
2015-09-07T10:00:00.000Z
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
false
Index of industrial turnover monitors sales in oil and gas, manufacturing, mining & electricity. Turnover in manufacturing decreased by 1.9 per cent from May to July 2015 compared to the previous three-month period.

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

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The tables were corrected at 2:30 pm 7 September 2015.The error concerned domestic and export figures for extraction and related services.

Fall in manufacturing turnover

Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing decreased by 1.9 per cent from May to July 2015 compared to the previous three-month period. There was a decline from June to July of 1.1 per cent.

Turnover. Percentage change and NOK millionPublished 7 September 2015
Seasonally adjustedCalendar adjusted1Unadjusted
Monthly changeThree-month changeTwelve-month changeNOK million
July 2015 / June 2015May 2015 - July 2015 / February 2015 - April 2015July 2015 / July 2014July 2015
1Adjusted for working-days and for public holidays in Norway.
Extraction, mining, manufacturing and elec-5.3-0.1-7.0118 429
Extraction and related services-11.34.7-10.550 196
Mining and quarrying-0.8-1.04.91 123
Manufacturing-1.1-1.9-1.560 489
Food, beverages and tobacco0.7-0.15.317 412
Refined petro., chemicals, pharmac.-6.94.2-8.210 551
Basic metals-0.2-1.610.55 036
Machinery and equipment-5.4-13.6-14.15 836
Ships, boats and oil platforms15.6-9.410.64 741
Electricity, gas and steam0.0-12.4-24.96 621

Source: Statistics Norway

The index value for turnover in manufacturing was 149.9 (2005=100) in the period May to July 2015, compared to 152.8 in the previous quarter, according to seasonally-adjusted figures.

Three-month change: pronounced fall in machinery and equipment

Seasonally-adjusted figures showed that the turnover in Norwegian manufacturing increased 1.9 per cent from May to July compared with the previous three-month period. The domestic market fell 5.9 per cent. In the export market the turnover was up 3.5 per cent.

Most of the industries contributed to an increase in the total turnover in the period May to July 2015 compared to the previous three-month period.

The biggest contributor to the development was the industry machinery and equipment, with a decline of 13.6 per cent. In addition, the producers of ships, boats and oil platforms also showed a pronounced negative trend in the period.

The grouping refined petroleum, chemical and pharmaceutical industries was up 4.2 per cent. Together with food products, which had an increase of 0.4 per cent, the grouping helped to curb the decrease in total turnover in Norwegian manufacturing.

Monthly change: notable growth in turnover for building of ships, boats and oil platforms industry in July

Total Norwegian manufacturing turnover went down 1.1 per cent from June to July 2015, according to seasonally-adjusted figures.

The grouping refined petroleum, chemical and pharmaceutical industries edged down 6.9 per cent. Machinery and equipment still have a negative development due to lower demand and production in recent periods.

The biggest contribution to limiting the decline in the total turnover was from the producers of boats, ships and oil platforms, which had an increase of 15.6 per cent. The growth is related to several large deliveries in this period.

Twelve-month change: notable growth for food products from June 2014

Calendar-adjusted figures showed an increase of 1.5 per cent in total manufacturing turnover in July 2015 compared to July 2014. While the export market enjoyed 11.4 per cent growth, the domestic market faced a 10.5 per cent decline.

The biggest contributors to the development in total turnover were the grouping refined petroleum, chemical and pharmaceutical industries, and machinery and equipment, with a fall of 8.2 and 14.1 per cent respectively. Growth in the food industry curbed the fall in the twelve-month change.

Monthly change: slight changes in Norway and the euro area from May to June 2015

Manufacturing turnover in the euro area and Norway went down 0.8 per cent from May to June 2015 according to seasonally-adjusted figures. In the Nordic countries, Sweden and Denmark showed an increase of 3.4 and 2.1 per cent respectively, according to Eurostat.