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Energy and manufacturing: Energy
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Oil investment estimate for 2021 upward adjusted
Total investments in oil and gas activity in 2021, including pipeline transportation, are estimated at NOK 181.9 billion, which is 4.8 per cent higher than estimated in the previous quarter.
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Investments in electricity supply are falling
Companies’ latest investment estimates for 2021 within oil and gas, manufacturing, mining and quarrying and electricity supply give indications of a slight decline in 2021. Lower total investment is also indicated for the next year 2022. For both ...
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Twofold increase in electricity price for households
The average price of electricity for households, excluding taxes and grid rent, was 53.5 øre per kWh in the first quarter of 2021. This is about twice as high compared to the first quarter of 2020 when the price was very low.
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Big twelve-month change in total PPI
In April 2021, The producer price index (PPI) was high compared to April of last year. Prices on energy goods were unusual low one year ago due to among other things a global shutdown caused by the Corona pandemic.
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Electricity pulls PPI down
The producer price index (PPI) had a small down turn in March. Lower prices on electricity, gas and steam was an important factor for this outcome. However, the fall was reduced by higher prices on refined petroleum products.
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Manufacturing turnover increases further
Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing continued the positive development and icreased by 4.0 per cent in the period December 2020 to February 2021 compared with the previous three-month period. On a mo...
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The solid growth in PPI continues
The Producer Price Index (PPI) increased by 5.4 per cent in February, mainly due to continued price increase on multiple energy goods and in selected manufacturing industries. The price growth in energy goods makes the total price index for the do...
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Manufacturing turnover increases further
Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing increased by 3.5 per cent in the period November 2020 to January 2021 compared with the previous three-month period. On a monthly basis, from December 2020 to Janu...
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Oil investment estimate for 2021 upward adjusted
Total investments in oil and gas activity in 2021, including pipeline transportation, are estimated at NOK 173.6 billion, which is 4.4 per cent higher than estimated in the previous quarter.
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Decline in total investments for 2020
Final investments for 2020 covering oil and gas, manufacturing, mining and quarrying and electricity supply show a decreased by 1.4 per cent compared with 2019. The decline can be linked to lower investments in manufacturing. The latest estimates ...
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Very low electricity price in 2020
The average price of electricity for households in 2020, excluding taxes and grid rent, was 20.7 øre per kWh. This is 57 per cent lower compared to 2019 and the lowest price recorded since 2002.
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Solid price growth in PPI by year’s beginning
The producer price index (PPI) increased by 5.3 per cent in January. An increase in prices on several energy goods contributed strongly to this increase. The prices on electricity had the largest percentage wise increase.
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Manufacturing turnover increased in the fourth quarter
Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing increased by 2.4 per cent from the third to the fourth quarter of 2020. On a monthly basis however, from November to December 2020 the manufacturing turnover decre...
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Wind power generation continues to rise
The wind power generation came to 9.9 TWh in 2020; this is 79 per cent or 4.4 TWh higher compared with the previous record in 2019.
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Price increase in PPI by year’s end
The producer price index (PPI) increased by 1.6 percent in December. An increase in prices on several energy goods contributed to this increase. The price decrease in some manufacturing industries dampened the increase in PPI.
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