Manufacturing turnover at record level

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Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing increased by 2.1 per cent from the third to the fourth quarter of 2019. On a monthly basis, from November to December 2019, the manufacturing turnover increased by 1.0 per cent.

Written by: Robert Skotvold

The index value for turnover in manufacturing was 164.0 (2005=100) in the fourth quarter of 2019 compared to 160.7 in the previous quarter, according to  seasonally-adjusted figures.

1 The index value for period m is the average of period m, m-1 and m-2.

Figure 1. Index of turnover for manufacturing. Seasonally adjusted. Three-month moving average¹. 2005=100

Index of turnover for manufacturing
Jan. 2009 142.5
Feb. 2009 141.3
Mar. 2009 142
Apr. 2009 139.5
May 2009 137.2
June 2009 133.5
July 2009 132.8
Aug. 2009 134
Sep. 2009 135.9
Okt. 2009 137
Nov. 2009 137.1
Dec. 2009 137.4
Jan. 2010 137.1
Feb. 2010 136
Mar. 2010 135.1
Apr. 2010 135.5
May 2010 136.3
June 2010 137.5
July 2010 138.2
Aug. 2010 136.8
Sep. 2010 134.5
Okt. 2010 134.7
Nov. 2010 137.3
Dec. 2010 138.3
Jan. 2011 137.4
Feb. 2011 136.6
Mar. 2011 135.4
Apr. 2011 136.7
May 2011 136.4
June 2011 137.9
July 2011 136.7
Aug. 2011 136.2
Sep. 2011 136.1
Okt. 2011 137.1
Nov. 2011 139.1
Dec. 2011 141.6
Jan. 2012 143.4
Feb. 2012 144
Mar. 2012 143.8
Apr. 2012 142.7
May 2012 143.2
June 2012 142.8
July 2012 143.8
Aug. 2012 143.6
Sep. 2012 144.9
Okt. 2012 145
Nov. 2012 145.8
Dec. 2012 145.4
Jan. 2013 146.6
Feb. 2013 145.5
Mar. 2013 146.7
Apr. 2013 146
May 2013 146.2
June 2013 147.5
July 2013 150.9
Aug. 2013 153.6
Sep. 2013 153.9
Okt. 2013 152.1
Nov. 2013 151.7
Dec. 2013 151.2
Jan. 2014 150.2
Feb. 2014 151.2
Mar. 2014 150.2
Apr. 2014 151.9
May 2014 150.4
June 2014 149.6
July 2014 148.7
Aug. 2014 151.2
Sep. 2014 151.3
Okt. 2014 151.6
Nov. 2014 150.5
Dec. 2014 152.1
Jan. 2015 150.1
Feb. 2015 150.1
Mar. 2015 151.1
Apr. 2015 153.4
May 2015 152.3
June 2015 150.7
July 2015 149.2
Aug. 2015 148.7
Sep. 2015 147.9
Okt. 2015 147.5
Nov. 2015 144.7
Dec. 2015 143.6
Jan. 2016 141.4
Feb. 2016 140.1
Mar. 2016 138.8
Apr. 2016 138.1
May 2016 139.7
June 2016 139.5
July 2016 139.3
Aug. 2016 137.3
Sep. 2016 136.4
Okt. 2016 134.9
Nov. 2016 134.3
Dec. 2016 133.6
Jan. 2017 135.6
Feb. 2017 137.9
Mar. 2017 140
Apr. 2017 140.2
May 2017 138.5
June 2017 137.5
July 2017 137.7
Aug. 2017 139.7
Sep. 2017 140.7
Okt. 2017 141.5
Nov. 2017 142.4
Dec. 2017 145.5
Jan. 2018 145.8
Feb. 2018 145.7
Mar. 2018 144.7
Apr. 2018 145.9
May 2018 148.9
June 2018 151.6
July 2018 153.4
Aug. 2018 153.3
Sep. 2018 154
Okt. 2018 155.3
Nov. 2018 156.4
Dec. 2018 155.8
Jan. 2019 156.4
Feb. 2019 156.4
Mar. 2019 156.9
Apr. 2019 157.6
May 2019 158.4
June 2019 159.8
July 2019 159.2
Aug. 2019 159.8
Sep. 2019 160.7
Okt. 2019 162.2
Nov. 2019 163.1
Dec. 2019 164

Three-month change: fabricated metal products contributes to the growth

Seasonally-adjusted figures show that the turnover in Norwegian manufacturing increased by 2.1 per cent from the third to the fourth quarter of 2019. Both the domestic and export market contributed to the growth. The largest contribution to the increase in Norwegian manufacturing came from the industry fabricated metal products which saw a increase of 11 per cent in the period. The industry grouping refined petroleum, chemicals and pharmaceuticals also contributed to the growth. Increased prices on refined petroleum products was a contributing factor to the increased turnover for the industry grouping refined petroleum, chemicals and pharmaceuticals.

1 ¹ The index value for period m is the average of period m, m-1 and m-2.

Figure 2. Selected industries. Seasonally adjusted. Three-month moving average¹

Food, beverages and tobacco Refined petro. chemicals, pharmac. Fabricated metal products Ships, boats and oil platforms Machinery and equipment
Jan. 2013 160.8 154.9 165.0 129.7 236.2
Feb. 2013 160.7 156.8 158.0 126.6 238.7
Mar. 2013 160.1 156.4 180.1 136.3 235.3
Apr. 2013 162.0 153.6 183.3 126.5 233.6
May 2013 165.8 149.4 190.0 134.8 240.2
June 2013 166.4 146.2 179.8 139.8 261.5
July 2013 169.3 147.2 177.7 160.7 271.0
Aug. 2013 170.0 151.1 174.8 161.3 274.6
Sep. 2013 170.5 158.5 170.9 157.3 275.3
Okt. 2013 169.9 157.0 170.8 142.0 264.8
Nov. 2013 168.3 155.9 174.9 142.7 279.0
Dec. 2013 170.2 150.6 170.0 147.1 277.0
Jan. 2014 168.1 152.4 172.4 143.3 274.1
Feb. 2014 168.4 152.9 172.3 156.3 265.2
Mar. 2014 166.2 149.2 173.7 159.8 259.1
Apr. 2014 170.5 147.3 172.7 165.8 266.4
May 2014 171.7 144.5 169.1 154.9 262.1
June 2014 172.7 142.4 167.9 150.7 266.6
July 2014 170.8 140.2 171.4 144.0 274.8
Aug. 2014 171.9 136.6 172.5 151.8 306.8
Sep. 2014 173.1 134.2 173.0 151.1 308.5
Okt. 2014 173.3 132.0 170.4 161.8 306.3
Nov. 2014 174.2 135.3 169.1 157.8 289.9
Dec. 2014 175.9 134.0 171.7 155.7 296.2
Jan. 2015 177.9 128.3 160.0 138.6 304.4
Feb. 2015 177.6 123.2 158.2 142.4 307.9
Mar. 2015 177.2 127.3 156.7 140.1 318.9
Apr. 2015 178.0 130.7 164.8 155.4 308.1
May 2015 178.5 130.9 166.5 148.6 302.0
June 2015 179.1 132.0 162.7 143.8 278.9
July 2015 178.9 132.8 158.4 137.9 271.3
Aug. 2015 180.3 129.6 160.0 134.7 260.7
Sep. 2015 180.0 131.7 154.7 133.7 257.8
Okt. 2015 181.4 134.2 154.5 121.5 257.2
Nov. 2015 183.1 137.6 145.7 109.2 242.6
Dec. 2015 185.5 131.8 150.4 112.9 235.6
Jan. 2016 186.8 123.9 150.1 119.6 221.4
Feb. 2016 190.7 116.1 150.1 119.5 211.5
Mar. 2016 193.3 111.5 144.3 110.7 204.4
Apr. 2016 194.2 110.1 142.0 105.4 196.9
May 2016 192.8 113.4 139.9 114.4 189.8
June 2016 193.8 114.9 143.3 116.4 168.0
July 2016 193.9 115.0 153.5 114.3 165.6
Aug. 2016 193.6 113.5 158.9 103.2 161.3
Sep. 2016 193.5 106.0 160.3 101.8 172.1
Okt. 2016 194.7 101.3 148.9 100.9 162.8
Nov. 2016 196.0 96.6 145.1 104.5 148.8
Dec. 2016 195.8 100.5 141.0 99.7 131.2
Jan. 2017 196.5 117.1 141.7 97.2 125.7
Feb. 2017 197.6 132.3 141.0 90.4 130.4
Mar. 2017 198.9 141.0 148.0 94.6 128.3
Apr. 2017 196.4 136.8 145.7 95.4 127.2
May 2017 190.2 132.4 143.2 92.2 121.3
June 2017 185.5 131.2 143.4 86.0 122.9
July 2017 187.3 128.6 143.1 94.2 113.9
Aug. 2017 191.8 131.5 140.3 103.4 117.5
Sep. 2017 195.0 133.3 137.8 104.7 118.6
Okt. 2017 194.7 136.5 145.9 96.0 126.2
Nov. 2017 195.3 139.4 144.3 93.3 127.7
Dec. 2017 198.1 147.2 143.5 95.2 140.2
Jan. 2018 195.6 151.7 138.8 94.9 140.8
Feb. 2018 195.3 150.6 145.2 95.2 141.1
Mar. 2018 192.8 145.5 141.8 94.3 137.2
Apr. 2018 197.9 142.5 147.3 98.1 140.0
May 2018 201.0 145.9 154.7 105.2 149.7
June 2018 201.5 150.5 159.9 112.3 150.8
July 2018 201.9 157.0 155.0 110.4 154.1
Aug. 2018 201.3 155.8 160.3 102.5 152.7
Sep. 2018 202.1 165.5 163.5 102.9 150.7
Okt. 2018 201.7 168.4 164.8 111.9 151.3
Nov. 2018 201.3 169.7 158.2 121.9 160.4
Dec. 2018 201.9 158.6 157.3 121.3 167.9
Jan. 2019 204.2 153.8 162.7 118.8 175.3
Feb. 2019 204.3 151.0 166.9 125.9 173.3
Mar. 2019 204.0 150.1 171.3 131.9 170.0
Apr. 2019 205.8 151.7 174.8 129.0 171.2
May 2019 207.0 153.4 175.9 115.7 170.2
June 2019 210.0 149.9 177.9 121.1 179.3
July 2019 206.4 147.2 180.2 127.9 180.5
Aug. 2019 207.3 144.8 180.6 138.9 181.2
Sep. 2019 205.1 148.5 180.0 149.2 183.9
Okt. 2019 206.8 147.3 186.5 150.4 186.2
Nov. 2019 206.9 150.8 195.2 149.8 190.3
Dec. 2019 207.7 152.3 200.1 146.0 189.5

Monthly change: slightly increase in manufacturing turnover in December

Total Norwegian manufacturing turnover increased by 1.0 per cent from November to December 2019, according to seasonally-adjusted figures.

The industry building of ships and oil platforms contributed the most to the growth in Norwegian manufacturing turnover, with an increase of almost 22 per cent in the period.

Other industries that also contributed positively were:

  • Computer and electrical equipment
  • Textiles and wearing apparel
  • Basic chemicals

On the other hand, repair, installation of machinery and fabricated metal products contributed the most to curb the positive development in total manufacturing turnover.

Monthly change: decrease in turnover in manufacturing in the euro area in November 2019

Manufacturing turnover in the euro area decreased by 0.3 per cent from October to November 2019, according to seasonally-adjusted figures. Total turnover in Norwegian manufacturing increased by 0.2 per cent in the same period. In the other Scandinavian countries, the turnover in Denmark went up by 0.3 per cent and decreased by 0.1 per cent in Sweden per cent, according to Eurostat. 

Annual change; considerable growth in the turnover in manufacturing turnover in 2019

Norwegian manufacturing turnover had an annual growth of 5.7 per cent from 2018 to 2019. Both the domestic and export market contributed to the increase was 5.8 and 5.6 per cent respectively. The domestic turnover stood for 57 per cent of the total turnover in manufacturing.

The year as a whole the industry ships and oil platforms and machinery and equipment contributed the most to the increased manufacturing turnover. The industry grouping The industry grouping refined petroleum, chemicals and pharmaceuticals had a decline in turnover and contributed to curbing the positive development in the manufacturing turnover in 2019.

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