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This is an archived release.
Minor increase in manufacturing output
Production in Norwegian manufacturing increased by 0.3 per cent in the period February-April 2016 compared with the previous three-month period, according to seasonally-adjusted figures. This means that the production decline in manufacturing has levelled out. From March to April 2015, the manufacturing output saw a decrease of 0.7 per cent.
| Seasonally adjusted | Calendar adjusted1 | Weights2 | ||
|---|---|---|---|---|
| Monthly change | Three-month change | Twelve-month change | ||
| April 2016 / March 2016 | February 2016 - April 2016 / November 2015 - January 2016 | April 2016 / April 2015 | ||
| 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 elec | 0.8 | -0.2 | 3.2 | 100.0 |
| Extraction and related services | 2.1 | -1.5 | 7.0 | 71.4 |
| Mining and quarrying | -10.9 | 9.8 | -15.9 | 0.5 |
| Manufacturing | -0.7 | 0.3 | -5.2 | 23.1 |
| Food, beverage and tobacco | -0.2 | -0.9 | -0.6 | 4.7 |
| Refined petro., chemicals, pharmac. | -1.2 | 0.1 | 2.2 | 2.4 |
| Basic metals | -0.3 | 2.7 | 6.5 | 1.2 |
| Machinery and equipment | 0.1 | -7.2 | -18.3 | 3.0 |
| Ships, boats and oil platforms | 0.6 | 4.9 | -8.3 | 1.8 |
| Electricity, gas and steam | -3.0 | 6.1 | 6.5 | 4.9 |
The index level for Norwegian manufacturing in the period February-April 2016 amounted to 115.9 (2005=100). The corresponding figure for the previous three-month period was 115.6.
Three-month change: increase in production of ships, boats and oil platforms
According to seasonally-adjusted figures, the manufacturing output saw an increase of 0.3 per cent in the period February-April 2016 compared with the previous three-month period. Building of ships, boats and oil platforms contributed the most to the overall growth, with an increase of 4.9 per cent. In addition, there was higher production within the industry grouping rubber, plastic and mineral products, and in wood and wood products. As can be seen in figure 2, the downturn has now levelled out, after a considerable decline since the autumn of 2014.
On the contrary, production declined within machinery and equipment by 7.2 per cent. There was also a production decline in food and beverages, basic chemicals and in fabricated metal products in this period.
Monthly change: decrease in production from March to April 2016
According to seasonally-adjusted figures, the manufacturing output saw a decrease of 0.7 per cent from March to April 2016. This is due to a smaller decline in production in several divisions in manufacturing. The largest contribution to the decline came from computer and electrical equipment together with repair and installation of machinery. There was also a decline in basic chemicals, which was a result of a maintenance shutdown among some larger manufacturers.
At the same time, there was a small production increase within non-ferrous metals and ships, boats and oil platforms.
Twelve-month change: pronounced drop in Norway, growth in the euro area in March 2016
According to calendar-adjusted figures, production in Norwegian manufacturing dropped by 7.1 per cent from March 2015 to March 2016. Machinery and equipment together with ships, boats and oil platforms contributed the most to the total output decline. Estimated figures from Eurostat, the EU`s statistical office, indicate that production in manufacturing in the euro area increased by 0.2 per cent in the same period.
Three-month change: minor fall in total industrial production (PII)
According to seasonally-adjusted figures, the overall production index (PII) covering extraction, mining, manufacturing and electricity supply decreased by 0.2 per cent in the period February-April 2016 compared with the previous three-month period. Extraction of crude petroleum decreased by 3.4 per cent, while extraction of natural gas increased by 1.2 per cent in this period. For more details about oil and gas extraction for April 2016, see the press release from The Norwegian Petroleum Directorate.
Support activities for petroleum and natural gas extraction saw a production decline equivalent to 1.9 per cent in the period February-April 2016 compared with the previous three-month period. Producers within this industry are strongly related to the oil and gas industry, and the production decline should therefore be seen in conjunction with the declining investment activity within this industry.
Seasonally-adjusted figures also show that production within Norwegian electricity supply increased by 6.1 per cent in the same period. Production within mining and quarrying also increased in the same period, by 9.8 per cent.
Figures for services in oil and gas extraction are now in StatbankOpen and readClose
As from October 2015, figures for Services in oil and gas extraction will be published. According to SIC2007, Services in oil and gas extraction is grouped in section B Mining and quarrying. Producers within this industry supply, among other things, services related to drilling in exploration, appraisal and production wells, together with other services related to offshore activities such as installation of floating and fixed structures both above and below the sea floor. The time series is from the year 2010. This industry has always been a part of the aggregate Extraction and related services, but now its time series is also published separately in Statbank and tables.
On the effect of EasterOpen and readClose
It is important to be aware that the uncertainty for the calendar-adjusted and seasonally-adjusted indices for March and April is greater than normal due to the changed placing of Easter. This effect will also affect the seasonally-adjusted figures for the 1st and 2nd quarters. This is accounted for when adjusting for seasonal variations. However, it can still be difficult to adjust for all impacts.
Contact
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Production and turnover
E-mail: prodoms@ssb.no