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Manufacturing turnover falls in the 3rd quarter
statistikk
2016-11-07T08:00:00.000Z
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 2.0 per cent from the second to the third quarter of 2016.

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

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Manufacturing turnover falls in the 3rd quarter

Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing decreased by 2.0 per cent from the second to the third quarter of 2016. However, a slight increase of 0.5 per cent was recorded from August to September.

Turnover. Percentage change and NOK millionPublished 7 November 2016
Seasonally adjustedCalendar adjusted1Unadjusted
Monthly changeThree-month changeTwelve-month changeNOK million
September 2016 / August 2016July 2016 - September 2016 / April 2016 - June 2016September 2016 / September 2015September 2016
1Adjusted for working-days and for public holidays in Norway.
Extraction, mining, manufacturing and elec-3.4-1.3-14.2112 777
Extraction and related services-6.1-0.9-25.435 545
Mining and quarrying-4.32.9-7.21 251
Manufacturing0.5-2.0-7.167 862
Food, beverages and tobacco1.80.610.321 539
Refined petro., chemicals, pharmac.-17.8-10.5-34.06 773
Basic metals5.12.6-0.75 496
Machinery and equipment4.2-1.8-30.35 269
Ships, boats and oil platforms10.0-12.7-12.14 116
Electricity, gas and steam-15.30.4-15.18 119

Source: Statistics Norway

The index value for turnover in manufacturing was 136.8 (2005=100) in the third quarter of 2016, compared to 139.6 in the previous quarter, according to seasonally-adjusted figures. 

Three-month change: fall in refined petroleum, chemical and pharmaceutical industries

Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing decreased by 2.0 per cent from the second to the third quarter of 2016. The grouping refined petroleum, chemical and pharmaceutical industries edged down 11 per cent. This industry, accounted for about 14 per cent of total manufacturing turnover, was the biggest contributor to the decline. Building of ships, boats and oil platforms also showed a 13 per cent decline, mainly due to several large deliveries among a few leading suppliers in the second quarter of 2016. 

A rise in food products, basic metals and the fabricated metal products industry helped to curb the reduction in total turnover. 

Monthly change: increase in building of ships, boats and oil platforms

Total Norwegian manufacturing turnover went up 0.5 per cent from August to September 2016, according to seasonally-adjusted figures. Most of the main industries in manufacturing recorded a positive trend in this period. Building of ships, boats and oil platforms, with a growth of 10 per cent, was the biggest contributor to the increase. 

Conversely, turnover in the grouping refined petroleum, chemical and pharmaceutical industries showed a strong decline of 18 per cent, mainly du to planned maintenance shutdown among a few leading suppliers in September 2016. 

Monthly change: nearly unchanged in Norway, growth in the euro area in August 2016

Manufacturing turnover in Norway went down 0.5 per cent from July to August ne to July 2016 according to seasonally-adjusted figures, while manufacturing turnover in the euro area edged up 2.3 per cent.

In the Nordic countries, Sweden showed a decrease of 5.7 per cent, while Denmark remained unchanged, according to Eurostat.

New indicators for petroleum-related supplier industriesOpen and readClose

New indicators for petroleum-related supplier industries are established in StatBank. These indicators are based on the analytical grouping which was presented in the article Strong growth for petroleum-related manufacturing and support activities from 2010 to 2013 (only in Norwegian).

The three groupings that will be published monthly are:

• Petroleum-related manufacturing and support activities

• Petroleum-related manufacturing (only supplier industries covered by section C)

• Manufacturing excluded petroleum-related industries