54421_not-searchable
/en/energi-og-industri/statistikker/pii/maaned
54421
Growth in manufacturing
statistikk
2011-12-07T10:00:00.000Z
Energy and manufacturing;National accounts and business cycles;Energy and manufacturing
en
pii, Index of industrial production, industrial production, volume indicator, intermediate goods, capital goods, consumer goods, energy goodsEnergy , Oil and gas , Business cycles , Manufacturing, mining and quarrying , National accounts and business cycles, Energy and manufacturing
false

Index of industrial production, October 2011

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Growth in manufacturing

Production in manufacturing increased by 1.7 per cent from August to October 2011 compared with the previous three-month period, according to seasonally-adjusted figures.

Industries like fabricated metal products, machinery and equipment and ships, boats and oil platforms had a growth in production. Basic chemicals and non-ferrous metals, however, saw a downturn in production due to weak demand from abroad (see Business tendency survey, 3rd quarter 2011 ). Food products and wood and wood products also had a decrease in production from August to October 2011 compared with the previous three-month period.

Index of production for manufacturing. January 2000-October 2011, 2005=100

From October 2010 to October 2011

Production in manufacturing increased by 0.7 per cent from October 2010 to October 2011, according to working-day adjusted figures. Industries like fabricated metal products, machinery and equipment and ships, boats and oil platforms had a significant growth in production. Wood and wood products, basic chemicals and basic metals had a drop in production.

From September to October 2011

The output in manufacturing went down 0.8 per cent from September to October 2011, according to seasonally-adjusted figures. Ships, boats and oil platforms and machinery and equipment had a growth in production, while paper and paper products as well as non-ferrous metals saw a drop.

Norway and the euro area

There was a 1.8 per cent increase in Norwegian manufacturing output from September 2010 to September 2011, according to working-day adjusted figures. Industrial production in the euro area increased by 2.9 per cent in the same period, according to figures published by Eurostat .

Monthly Index of production. October 2011 Changes in percent
 
  Adjusted for working-days1 Seasonally adjusted
  October 2010-
October 2011		 January 2010-October 2010-
January 2011-October 2011		 September 2011-
October 2011		 May 2011-July 2011-
August 2011-October 2011
 
The overall index -5.7 -4.7 -1.8 3.9
         
Oil and Gas Extraction -11.2 -8.7 -2.3 5.7
Manufacturing 0.7 1.2 -0.8 1.7
Electricity, Gas and Steam Supply 7.5 4.4 -3.1 -1.4
         
Main industrial groupings        
Intermediate goods 5.1 6.2 0.1 1.3
Capital goods 7.3 2.6 0.6 5.9
Consumer goods -7.6 -1.6 -2.7 -3.3
Energy goods -10.6 -8.6 -1.9 5.1
 
1  Adjusted for working-days and for public holidays in Norway.

Interpretation of seasonally-adjusted figures

In 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 August to October 2011 compared with May to July 2011. Seasonally-adjusted monthly changes must be interpreted with caution.

 

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