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Production continues to fall
Production in manufacturing went down by 3.0 per cent from the first to the second quarter of 2009, according to seasonally adjusted figures.
This year most industries have seen a drop in the output from the first to the second quarter, and the production of ships, boats and oil platforms saw the first clear quarterly drop (compared with the previous quarter) since the first quarter of 2004. This is due to a weaker demand and lower level of stocks (See Business tendency survey and Statistics on new orders ) and a downturn in production of 2.7 per cent from the first to second quarter of 2009.
The output in basic metals has dropped substantially during the last year, and in the second quarter of 2009 the production went further down 4.7 per cent compared with the first quarter. However, the drop was lower than in the previous quarters, and from May to June the output increased by 4.3 per cent.
The production in wood and wood products increased by 9.7 per cent from the first to the second quarter of 2009, according to seasonal adjusted figures. This increase follows a sharp downturn in the output since the first quarter of 2007.
From June 2008 to June 2009
The output in manufacturing decreased by 10.1 per cent from June 2008 to June 2009, according to working-day adjusted figures. All industries except machinery and equipment show negative figures. Production in basic metals and ships, boats and oil platforms went down by 25.6 and 20.2 per cent respectively, while production in machinery and equipment went up by 5.2 per cent.
From May to June 2009
The output in Norwegian manufacturing went down 0.6 per cent from May to June 2009, according to seasonally-adjusted figures. At the same time the production of refined petroleum products, chemicals and pharmaceutical products in basic chemicals decreased by 7.6 per cent. Ships, boats and oil platforms went down by 2.7 per cent, while the production of basic metals and of wood and wood products increased 4.3 and 4.5 per cent respectively.
Norway and the Euro area
There was a 10.0 per cent decrease in Norwegian manufacturing output from May 2008 to May 2009, according to working-day adjusted figures. Industrial production in the Euro area dropped 21.6 per cent in the same period, according to figures published by Eurostat.
Adjusted for working-days 1 | Seasonally adjusted | ||||||||||||||||||||||||||||||||||||||
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June 2008-June 2009 | January 2008-June 2008- January 2009-June 2009 | May 2009-June 2009 | January 2009-March 2009- April 2009-June 2009 | ||||||||||||||||||||||||||||||||||||
The overall index | -6.3 | -3.0 | 0.8 | -5.0 | |||||||||||||||||||||||||||||||||||
Oil and Gas Extraction | -4.3 | -0.9 | 1.8 | -5.2 | |||||||||||||||||||||||||||||||||||
Manufacturing | -10.1 | -7.3 | -0.6 | -3.0 | |||||||||||||||||||||||||||||||||||
Electricity, Gas and Steam Supply | -27.1 | -10.7 | -7.2 | -11.4 | |||||||||||||||||||||||||||||||||||
Main industrial groupings | |||||||||||||||||||||||||||||||||||||||
Intermediate goods | -14.8 | -7.3 | -5.1 | -7.2 | |||||||||||||||||||||||||||||||||||
Capital goods | -1.4 | 4.2 | -0.1 | -1.6 | |||||||||||||||||||||||||||||||||||
Consumer goods | -10.7 | -7.9 | -4.7 | -3.1 | |||||||||||||||||||||||||||||||||||
Energy goods | -7.8 | -2.0 | -3.4 | -2.8 | |||||||||||||||||||||||||||||||||||
1 | Adjusted for working-days and for public holidays in Norway. |
Documentation on seasonal adjustmentsStatistics Norway has developed general and survey specific documentation of seasonal adjustment practices. The documentation is based on the European Statistical System (ESS): Guidelines on seasonal adjustment . This documentation clarifies the seasonal adjustment practices in use in Statistics Norway, and simplifies a comparison between surveys. Different quality measures are also published in the survey specific documentation. The survey specific documentation is available in the left margin under About seasonal adjustments . The general documentation is available under: http://www.ssb.no/english/metadata/methods/seasonal_adjustments.pdf |
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