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243883
Almost unchanged manufacturing turnover
statistikk
2016-07-07T10:00:00.000Z
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 0.6 per cent in the last three months.

Turnover in oil and gas, manufacturing, mining and electricity supply, May 2016

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Almost unchanged manufacturing turnover

Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing decreased by 0.6 per cent from March to May 2016 compared to the previous three-month period. However, a 2.1 per cent growth was recorded from April to May 2016.

Turnover. Percentage change and NOK millionPublished 7 July 2016
Seasonally adjustedCalendar adjusted1Unadjusted
Monthly changeThree-month changeTwelve-month changeNOK million
May 2016 / April 2016March 2016 - May 2016 / December 2015 - February 2016May 2016 / May 2015May 2016
1Adjusted for working-days and for public holidays in Norway.
Extraction, mining, manufacturing and elec1.0-2.4-14.0113 397
Extraction and related services-2.1-7.1-27.938 491
Mining and quarrying-14.00.8-17.71 005
Manufacturing2.1-0.6-5.664 107
Food, beverages and tobacco1.30.99.418 286
Refined petro., chemicals, pharmac.6.0-0.3-8.39 612
Basic metals-1.6-0.4-11.34 833
Machinery and equipment-5.3-9.5-41.04 270
Ships, boats and oil platforms7.2-0.8-14.05 680
Electricity, gas and steam6.64.94.19 794

Source: Statistics Norway

The index value for turnover in manufacturing is 140.0 (2005=100) in the period March to May 2016, compared to 140.8 in the previous three-month period, according to seasonally-adjusted figures.

Three-month change: turnover slightly down

Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing decreased by 0.6 per cent from March to May 2016 compared to the previous three-month period. However, some of the industrial sectors showed notable negative changes. Machinery and equipment and fabricated metal products fell 9.5 and 6.1 per cent respectively. Repair, installation of machinery also edged down 3.9 per cent. Lower investment activities in the oil and gas sector led to the decline in these industries.

Monthly change: growth for refined petroleum, chemical and pharmaceutical industries

Total Norwegian manufacturing turnover went up 2.1 per cent from April to May 2016, according to seasonally-adjusted figures. The following industries contributed to the increase:

• Refined petroleum products, basic chemicals, and chemical and pharmaceutical products

• Building of ships, boats and oil platforms

• Computer and electrical equipment

• Rubber, plastic and mineral products

• Food products

On the contrary, fabricated metal products, basic metal, machinery and equipment, and repair, installation of machinery were among the industries helping to pull up the turnover in this period.

Twelve-month change: strong fall in machinery and equipment from May 2015

Calendar-adjusted figures showed that the total turnover went down 5.6 per cent from May 2016 compared to May 2015. It was the export market in particular that pulled turnover down with a 10 per cent decline in the twelve-month period, however, the domestic turnover also showed a 2.3 per cent fall in this period.

Machinery and equipment recorded the strongest negative trend (41 per cent) from May 2015, while food products with a 9.6 per cent growth helped to curb the reduction in total turnover.

Monthly change: slight growth in the euro area in April 2016

Norwegian manufacturing turnover went down 0.6 per cent from March to April 2016 according to seasonally-adjusted figures. Manufacturing turnover in the euro area faced a slight increase of 0.9 per cent. In the Nordic countries, Sweden and Denmark showed an increase of 7.3 and 1.9 per cent respectively from March to April 2016, according to Eurostat.