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140220
Increase in manufacturing
statistikk
2014-05-08T10:00:00.000Z
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 monitors added value in oil and gas, manufacturing, mining and electricity. Manufacturing went up by 0.8 per cent from February to March in 2014.

Index of industrial production, March 2014

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Increase in manufacturing

Production in Norwegian manufacturing increased by 1.2 per cent in the first quarter of 2014 compared with the last quarter of 2013, according to seasonally-adjusted figures. On a month to month basis, from February to March 2014, the output in manufacturing went up by 0.8 per cent.

Index of production. Changes in per cent and weightsPublished 8 May 2014
Seasonally adjustedCalendar adjusted1Weights2
Monthly changeThree-month changeTwelve-month change
March 2014 / February 2014January 2014 - March 2014 / October 2013 - December 2013March 2014 / March 2013
1Adjusted for working-days and for public holidays in Norway.
2The weights are updated annually, and are valid for the entire year.
Extraction, mining, manufacturing and elec2.33.57.1100.0
Extraction and related services2.52.67.971.9
Mining and quarrying6.43.62.50.6
 
Manufacturing0.81.23.722.7
Food, beverage and tobacco0.9-0.41.24.1
Refined petro., chemicals, pharmac.-1.65.7-1.62.0
Basic metals5.2-0.78.01.1
Machinery and equipment1.62.415.93.2
Ships, boats and oil plattforms0.02.42.82.4
 
Electricity, gas and steam7.15.9-1.44.8

Source: Statistics Norway

The index-level for Norwegian manufacturing in the first quarter of 2014 amounted to 121.5 (2005= 100). The corresponding figure for the last quarter of 2013 was 120.1.

Three-month change: increase in manufacturing

The growth in the first quarter of 2014 can particularly be related to a new output increase in industries such as machinery and equipment, ships, boats and oil platforms, as well as repair, and installation of machinery. The activity in machinery and equipment was at a record-high level, with an output increase equivalent to 113 per cent since 2005. Furthermore, computer and electrical equipment and fabricated metal products also saw a production increase in the first quarter of 2014 compared with the last quarter of 2013. In addition, somewhat improved demand abroad has led to production growth for basic chemicals and non-ferrous metals.

Food and food products, on the other hand, experienced a 1.4 per cent production downturn in the first quarter of 2014 compared with the last quarter of 2013. This was related to lower production of fish and fish products as well as feed and feed products. In addition, wood and wood products together with rubber, plastic and mineral production and furniture and manufacturing n.e.c also saw a decline in production.

Monthly change: growth in manufacturing from February to March 2014

Computer and electrical equipment, together with machinery and equipment and repair, and installation of machinery had an increase in production from February to March 2014, according to seasonally-adjusted figures. On the other hand, food and food products, wood and wood products and furniture and manufacturing n.e.c experienced a decline in production in the same period.

Twelve-month change: stronger growth in the Euro area than in Norway in February 2014

Production in Norwegian manufacturing went up by 2.1 per cent from February 2013 to February 2014, according to calendar-adjusted figures. Estimated figures from Eurostat indicate that production in the manufacturing industries in the euro area increased by 3.6 per cent in this period.

Three-month change: increase in total industrial production (PII)

The overall production index (PII) covering extraction, mining, manufacturing and electricity supply increased by 3.5 per cent in the first quarter of 2014 compared with the last quarter of 2013, according to seasonally-adjusted figures. Extraction of crude petroleum went up by 3.4 per cent, while extraction of natural gas increased by 1.8 per cent in this period. On a month to month basis, from February to March 2014, extraction of natural gas went up 4.4 per cent, while extraction of crude petroleum was unchanged. Some fields on the Norwegian continental shelf experienced reduced production due to technical difficulties and maintenance work in March 2014, according to The Norwegian Petroleum Directorate.

Production within Norwegian electricity supply increased by 5.9 per cent in the first quarter of 2014 compared with the last quarter of 2013, according to seasonally-adjusted figures.