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This is an archived release.
Growth in manufacturing
Production in manufacturing increased by 1.3 per cent in the second quarter compared with the first quarter of 2012, according to seasonally-adjusted figures.
The output increased in the second quarter of 2012 for industries such as machinery and equipment together with ships, boats and oil platforms. This was due to a very high level of investments within oil and gas (see investments oil and gas activity ).On the other side, the production in industries such as wood and wood products together with basic chemicals decreased compared with the first quarter of 2012.
From June 2011 to June 2012
There was a 4.3 per cent growth in manufacturing from June 2011 to June 2012, according to working-day adjusted figures. Industries like machinery and equipment together with ships, boats and oil platforms had a growth in production, whereas basic chemicals had a substantial drop in production mainly due to the severe drop in the Norwegian solar cell industry since June 2011.
From May to June 2012
The production in manufacturing went up by 0.8 per cent from May to June 2012, according to seasonally-adjusted figures. Machinery and equipment together with ships, boats and oil platforms had a growth in this period. Pharmaceutical production in Norway has also seen a distinct growth from May to June 2012. This was partly due to short-term problems with production capacity abroad, as well as a growth in demand from abroad. Wood products together saw a decline in production from May to June 2012.
Norway and the euro area
There was a 1.7 per cent increase in Norwegian manufacturing output from May 2011 to May 2012, according to working-day adjusted figures. Industrial production in the euro area decreased by 2.7 per cent in the same period, according to figures published by Eurostat .
| Adjusted for working-days 1 | Seasonally adjusted | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| June 2011- June 2012 | Jan. 2011-June 2011- Jan. 2012-June 2012 | May 2012- June 2012 | Jan. 2012-March 2012- April 2012-June 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The overall index | 7.7 | 5.8 | 0.6 | 3.5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Oil and Gas Extraction | 7.6 | 3.5 | 1.3 | 3.7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Manufacturing | 4.3 | 1.6 | 0.8 | 1.3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Electricity, Gas and Steam Supply | 10.5 | 30.3 | -4.0 | 11.8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Main industrial groupings | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intermediate goods | -2.5 | 2.3 | -1.2 | -2.4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital goods | 14.1 | 9.4 | 1.5 | 1.5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Consumer goods | 4.4 | -1.7 | 2.0 | 3.6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Energy goods | 11.0 | 5.4 | 3.6 | 2.7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 1 | Adjusted for working-days and for public holidays in Norway. |
Interpretation of seasonally-adjusted figuresIn order to facilitate the interpretation of the short-term development, the index of production publishes three-month moving averages of the seasonally-adjusted figures. We normally compare the latest non-overlapping three-month periods, for instance April to June 2012 compared with January to March 2012. Seasonally-adjusted monthly changes must be interpreted with caution. |
Number of hours workedThe numbers of hours worked by contracted workers is included in the calculation of the Index of production for the first time from January 2012 onwards. These numbers are collected from January 2011. The inclusion of numbers of hours worked by contracted workers may lead to somewhat larger short-term fluctuations for some industries. At the same time, the development will be more accurately measured for industries where hours worked are used as an indicator. Industries like ships, boats and oil platforms and repair and installation of machinery typically use contracted workers in periods with high activity. |
New projectsNew projects in industries with hours worked as an indicator are intercepted at start-up, as long as the project is carried out by establishments covered by the sample. It is the total number of hours carried out in the survey period that is reported, regardless of which project the hours are used on. |
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Production and turnover
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