Output growth in shipbuilding

Published:

Norwegian manufacturing output saw an increase of 1 per cent in the period from August to October 2018 compared to the previous three-month period, according to seasonally-adjusted figures. The growth is particularly due to high activity within ships, boats and oil platforms.

The index level for Norwegian manufacturing from August to October 2018 amounted to 116.6 (2005=100). The corresponding figure for the previous three-month period was 115.5. The long-term trend now shows growth throughout this year. There was an increase of 3.2 per cent from January to October 2018, according to seasonally adjusted figures.

Figure 1. Production development in manufacturing. Seasonally adjusted and smoothed seasonally adjusted figures. 2005=100

Smoothed seasonally adjusted Seasonally adjusted
Jan. 2013 117.8 118.1
Feb. 2013 118.4 118.8
Mar. 2013 119.2 117.1
Apr. 2013 119.9 120.5
May. 2013 120.4 119.4
June. 2013 120.8 121.2
July. 2013 120.8 121.8
Aug. 2013 120.7 120.4
Sep. 2013 120.5 120.3
Oct. 2013 120.4 120.2
Nov. 2013 120.4 119.7
Dec. 2013 120.6 120.8
Jan. 2014 121.1 121.9
Feb. 2014 121.5 121.6
Mar. 2014 121.9 121.9
Apr. 2014 122.5 121.9
May. 2014 123.2 122.5
June. 2014 123.9 125.0
July. 2014 124.7 123.8
Aug. 2014 125.3 126.8
Sep. 2014 125.7 122.9
Oct. 2014 125.6 126.4
Nov. 2014 125.2 124.8
Dec. 2014 124.6 125.6
Jan. 2015 123.7 122.5
Feb. 2015 122.8 122.7
Mar. 2015 121.9 126.5
Apr. 2015 121.0 121.4
May. 2015 120.2 119.0
June. 2015 119.5 120.3
July. 2015 118.8 115.4
Aug. 2015 118.2 117.9
Sep. 2015 117.5 118.9
Oct. 2015 116.9 115.9
Nov. 2015 116.4 116.9
Dec. 2015 116.0 115.6
Jan. 2016 115.7 115.1
Feb. 2016 115.4 115.4
Mar. 2016 115.1 117.5
Apr. 2016 114.8 114.5
May. 2016 114.3 114.9
June. 2016 113.7 112.7
July. 2016 113.1 114.0
Aug. 2016 112.6 109.7
Sep. 2016 112.4 112.4
Oct. 2016 112.4 112.0
Nov. 2016 112.7 112.1
Dec. 2016 113.1 113.2
Jan. 2017 113.5 114.4
Feb. 2017 113.9 114.1
Mar. 2017 114.2 113.5
Apr. 2017 114.4 114.6
May. 2017 114.5 114.7
June. 2017 114.4 114.2
July. 2017 114.4 115.0
Aug. 2017 114.4 110.3
Sep. 2017 114.4 114.0
Oct. 2017 114.3 114.1
Nov. 2017 114.3 114.8
Dec. 2017 114.4 116.6
Jan. 2018 114.5 114.0
Feb. 2018 114.6 114.3
Mar. 2018 114.7 114.5
Apr. 2018 115.0 115.7
May. 2018 115.3 115.1
June. 2018 115.6 115.2
July. 2018 115.9 116.3
Aug. 2018 116.3 116.2
Sep. 2018 116.6 115.9
Oct. 2018 116.9 117.6

Three-month change: high activity in ships, boats and oil platforms

According to seasonally-adjusted figures, manufacturing output saw an increase of 1 per cent from August to October 2018 compared to the previous three-month period. The growth is particularly related to a significant increase equivalent to 7.9 per cent within ships, boats and oil platforms. High activity within ship building is the main reason behind this development. In addition, fabricated metal products also contributed positively with an increase of 3.8 per cent. The analytical grouping petroleum-related manufacturing saw an overall increase of 1.8 per cent.

On the other hand, the overall output increase was dampened by a production decline in food products. The industry declined 2.5 per cent due to lower production within processing and preserving of fish. One contributing factor was relatively low mackerel output due to reduced fishing quotas.

Figure 2. Selected industries in manufacturing. Seasonally adjusted, 3-month percentage change. August 2018-October 2018/May 2018-July 2018

3-month percentage change
Food products -2.5
Refined petro., chemicals, pharmac. 1.9
Rubber, plastic and mineral prod. 3.1
Fabricated metal products 3.8
Ships, boats and oil platforms 7.9

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

Figure 3. Indicator for petroleum-related industries. Seasonally adjusted. Three-month moving average¹. 2005=100

Petroleum-related manufacturing and support activities Petroleum-related manufacturing Manufacturing ex. petroleum-related industries
Jan. 2008 139.9 104.8
Feb. 2008 142.1 105.6
Mar. 2008 141.8 105.1
Apr. 2008 144.5 106.1
May. 2008 148.4 105.9
June. 2008 152.9 106.2
July. 2008 156.2 104.1
Aug. 2008 156.3 103.4
Sep. 2008 156.7 102.1
Oct. 2008 155.8 101.3
Nov. 2008 155.7 99.8
Dec. 2008 156.1 98.5
Jan. 2009 156.2 96.7
Feb. 2009 157.0 94.9
Mar. 2009 157.5 93.3
Apr. 2009 157.1 92.1
May. 2009 156.6 91.0
June. 2009 154.8 90.3
July. 2009 153.5 90.2
Aug. 2009 152.8 90.7
Sep. 2009 153.5 92.0
Oct. 2009 153.8 92.9
Nov. 2009 153.2 93.8
Dec. 2009 151.7 94.3
Jan. 2010 143.9 151.0 94.7
Feb. 2010 143.2 150.6 95.3
Mar. 2010 144.9 151.4 95.9
Apr. 2010 145.8 151.9 96.5
May. 2010 143.4 151.6 96.0
June. 2010 143.1 152.3 96.7
July. 2010 142.3 152.3 98.2
Aug. 2010 142.2 152.0 98.6
Sep. 2010 143.0 151.4 98.5
Oct. 2010 144.8 151.2 97.7
Nov. 2010 148.2 152.6 99.0
Dec. 2010 151.0 152.7 99.0
Jan. 2011 149.9 153.0 99.0
Feb. 2011 149.5 153.1 98.8
Mar. 2011 147.3 153.3 99.6
Apr. 2011 148.9 151.8 99.6
May. 2011 150.6 152.7 99.4
June. 2011 152.3 151.9 97.8
July. 2011 154.2 153.0 95.7
Aug. 2011 155.9 154.5 94.2
Sep. 2011 159.1 158.7 94.5
Oct. 2011 161.2 163.3 95.6
Nov. 2011 162.8 164.7 96.3
Dec. 2011 164.7 166.6 95.3
Jan. 2012 167.1 167.9 95.3
Feb. 2012 169.5 168.4 95.2
Mar. 2012 167.6 168.0 95.5
Apr. 2012 164.7 166.2 95.6
May. 2012 164.7 167.9 95.9
June. 2012 168.2 169.3 95.9
July. 2012 170.5 172.3 95.6
Aug. 2012 172.8 174.4 95.4
Sep. 2012 173.5 177.0 95.4
Oct. 2012 177.6 179.7 95.0
Nov. 2012 178.1 180.9 94.6
Dec. 2012 179.1 181.6 94.4
Jan. 2013 180.3 183.2 94.5
Feb. 2013 182.5 186.1 94.2
Mar. 2013 186.7 188.2 93.8
Apr. 2013 187.8 191.5 93.4
May. 2013 189.3 193.5 93.0
June. 2013 190.8 197.6 93.4
July. 2013 193.8 198.7 93.9
Aug. 2013 194.1 198.2 94.6
Sep. 2013 193.8 196.9 94.6
Oct. 2013 191.5 195.0 94.6
Nov. 2013 193.0 195.2 94.1
Dec. 2013 194.0 195.2 94.2
Jan. 2014 196.4 196.9 94.3
Feb. 2014 196.9 198.8 94.4
Mar. 2014 196.1 199.9 94.1
Apr. 2014 195.9 199.9 94.2
May. 2014 197.3 200.3 94.5
June. 2014 200.2 203.6 95.2
July. 2014 199.4 208.0 95.0
Aug. 2014 201.8 213.6 95.1
Sep. 2014 201.5 213.5 94.2
Oct. 2014 206.5 214.2 94.4
Nov. 2014 204.5 212.7 94.0
Dec. 2014 203.6 215.3 94.5
Jan. 2015 199.9 213.3 93.7
Feb. 2015 197.2 210.5 93.6
Mar. 2015 195.2 207.3 94.3
Apr. 2015 193.9 204.6 94.6
May. 2015 189.0 201.4 94.2
June. 2015 184.9 196.3 93.9
July. 2015 181.0 192.8 92.7
Aug. 2015 179.6 189.9 93.1
Sep. 2015 178.1 187.9 93.0
Oct. 2015 173.8 185.0 93.9
Nov. 2015 172.0 182.4 94.2
Dec. 2015 168.1 178.6 94.0
Jan. 2016 165.6 177.2 94.2
Feb. 2016 165.0 174.9 94.4
Mar. 2016 164.8 174.3 94.9
Apr. 2016 163.7 172.6 95.0
May. 2016 160.5 171.2 95.3
June. 2016 157.4 168.2 94.8
July. 2016 158.0 167.8 94.9
Aug. 2016 153.6 160.9 94.8
Sep. 2016 152.4 159.1 95.0
Oct. 2016 149.3 156.2 94.9
Nov. 2016 151.2 159.5 95.0
Dec. 2016 151.4 161.0 95.2
Jan. 2017 151.3 159.4 96.7
Feb. 2017 150.0 158.9 97.8
Mar. 2017 146.1 154.2 98.6
Apr. 2017 147.0 155.7 98.3
May. 2017 147.8 156.4 98.2
June. 2017 150.3 159.2 98.3
July. 2017 150.1 157.4 98.9
Aug. 2017 147.4 154.5 97.9
Sep. 2017 147.7 154.4 97.8
Oct. 2017 145.9 154.9 97.2
Nov. 2017 149.4 158.0 98.3
Dec. 2017 150.4 159.5 99.2
Jan. 2018 151.1 159.8 99.1
Feb. 2018 151.0 160.4 98.8
Mar. 2018 151.2 161.1 97.0
Apr. 2018 152.6 162.3 97.4
May. 2018 154.0 162.2 97.7
June. 2018 155.2 162.1 98.5
July. 2018 154.4 162.1 98.7
Aug. 2018 154.6 162.9 98.9
Sep. 2018 154.5 164.1 98.6
Oct. 2018 157.4 165.0 98.9

Monthly change: clear increase from September to October

According to seasonally-adjusted figures, manufacturing output saw a clear increase of 1.5 per cent from September to October 2018. Several industries experienced growth in this period, where food products and the industry grouping rubber, plastic and mineral products contributed the most to the overall increase.

Minor decline in the Euro area and in Norway in September

Estimated figures from Eurostat, the EU’s statistical office, indicate that output in manufacturing in the Euro area decreased marginally by 0.2 per cent from August to September 2018. In the same period, Norwegian manufacturing output also had a minor decrease of 0.3 per cent. 

In Sweden, the manufacturing output was unchanged from August to September, while Denmark saw a minor fall of 0.4 per cent.  

Figure 4. Index of production for manufacturing. Euro area and Norway (2015=100). Seasonally adjusted

Euro area Norway
Jan. 2013 94.0 98.9
Feb. 2013 94.0 99.5
Mar. 2013 94.5 98.1
Apr. 2013 95.2 100.9
May. 2013 95.6 100.0
June. 2013 95.8 101.5
July. 2013 95.0 102.0
Aug. 2013 95.7 100.9
Sep. 2013 95.7 100.7
Oct. 2013 95.3 100.7
Nov. 2013 96.6 100.2
Dec. 2013 96.7 101.1
Jan. 2014 96.7 102.0
Feb. 2014 97.6 101.8
Mar. 2014 97.1 102.2
Apr. 2014 98.5 102.1
May. 2014 97.4 102.6
June. 2014 96.7 104.6
July. 2014 98.0 103.6
Aug. 2014 96.0 106.2
Sep. 2014 97.1 102.8
Oct. 2014 97.0 105.8
Nov. 2014 96.8 104.5
Dec. 2014 98.1 105.2
Jan. 2015 97.4 102.6
Feb. 2015 99.7 102.8
Mar. 2015 100.6 106.0
Apr. 2015 99.8 101.7
May. 2015 100.3 99.7
June. 2015 100.8 100.7
July. 2015 100.7 96.6
Aug. 2015 99.9 98.7
Sep. 2015 100.1 99.5
Oct. 2015 100.3 97.1
Nov. 2015 99.8 97.9
Dec. 2015 100.6 96.9
Jan. 2016 103.7 96.4
Feb. 2016 101.5 96.7
Mar. 2016 100.4 98.5
Apr. 2016 101.7 95.8
May. 2016 100.5 96.2
June. 2016 101.6 94.3
July. 2016 101.1 95.4
Aug. 2016 101.6 91.8
Sep. 2016 101.6 94.0
Oct. 2016 103.3 94.0
Nov. 2016 102.7 93.9
Dec. 2016 102.2 94.8
Jan. 2017 101.9 95.8
Feb. 2017 103.2 95.5
Mar. 2017 103.7 95.1
Apr. 2017 103.9 95.9
May. 2017 104.5 96.0
June. 2017 103.8 95.6
July. 2017 105.3 96.2
Aug. 2017 106.2 92.2
Sep. 2017 106.1 95.3
Oct. 2017 106.5 95.9
Nov. 2017 108.0 96.1
Dec. 2017 107.6 97.7
Jan. 2018 107.9 95.4
Feb. 2018 105.8 95.7
Mar. 2018 106.2 96.0
Apr. 2018 106.3 96.9
May. 2018 107.9 96.3
June. 2018 107.1 96.4
July. 2018 106.3 97.3
Aug. 2018 107.5 97.1
Sep. 2018 107.3 96.9

Three-month change: electricity supply contributes to growth in total industrial production (PII)

According to seasonally-adjusted figures, the total production index (PII) covering extraction, mining, manufacturing and electricity supply had an increase of 1.4 per cent from August to October 2018 compared to the previous three-month period. The total growth is particularly due to a production rise of 12.4 per cent within Norwegian electricity supply. This increase must be seen in conjunction with low production in the previous three-month period due to a low level of rainfall. 

In the same period, extraction of crude petroleum declined 0.8 per cent, while extraction of natural gas fell 2.1 per cent. For more details about oil and gas extraction for October 2018, see the press release from the Norwegian Petroleum Directorate.

Within support activities for petroleum and natural gas extraction, there was a clear output increase equivalent to 2.7 per cent, while mining and quarrying saw an output fall of 2.3 per cent.

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

Figure 5. Production development. Seasonally adjusted. Three-month moving average¹. 2005=100

Manufacturing Extraction, mining, manufacturing and elec. Extraction and related services
Jan. 2008 114.1 95.9 89.4
Feb. 2008 115.3 95.5 88.4
Mar. 2008 114.6 96.1 89.3
Apr. 2008 116.1 96.7 89.2
May. 2008 117.1 97.9 90.4
June. 2008 118.7 98.5 90.4
July. 2008 117.6 98.8 91.4
Aug. 2008 117.0 96.8 88.9
Sep. 2008 116.2 95.8 88.2
Oct. 2008 115.6 95.4 88.0
Nov. 2008 114.4 97.0 90.6
Dec. 2008 113.5 97.7 91.8
Jan. 2009 112.1 96.9 91.1
Feb. 2009 110.9 97.3 92.1
Mar. 2009 109.8 96.5 91.3
Apr. 2009 108.9 96.0 90.9
May. 2009 107.6 93.4 87.7
June. 2009 106.7 92.2 86.6
July. 2009 106.1 91.5 86.1
Aug. 2009 106.6 92.2 86.9
Sep. 2009 107.7 93.2 87.6
Oct. 2009 108.5 93.3 87.0
Nov. 2009 109.2 93.4 86.8
Dec. 2009 109.3 92.5 85.4
Jan. 2010 109.4 92.3 85.1
Feb. 2010 109.7 92.0 84.7
Mar. 2010 110.1 91.6 84.4
Apr. 2010 110.8 90.9 83.8
May. 2010 110.3 90.3 83.6
June. 2010 111.1 89.3 82.2
July. 2010 111.8 88.1 80.4
Aug. 2010 112.0 84.9 75.7
Sep. 2010 111.7 83.6 73.7
Oct. 2010 111.4 84.8 75.3
Nov. 2010 112.6 87.4 77.9
Dec. 2010 112.6 89.1 80.0
Jan. 2011 112.7 87.7 78.4
Feb. 2011 112.6 87.0 77.9
Mar. 2011 113.1 85.8 76.5
Apr. 2011 112.9 84.7 74.9
May. 2011 113.0 82.3 71.1
June. 2011 111.7 81.7 70.0
July. 2011 110.2 81.9 69.7
Aug. 2011 109.6 84.3 72.6
Sep. 2011 110.9 85.6 74.2
Oct. 2011 112.9 86.1 74.5
Nov. 2011 113.8 86.4 74.7
Dec. 2011 113.5 85.3 73.6
Jan. 2012 113.9 86.6 74.8
Feb. 2012 113.9 87.3 75.1
Mar. 2012 114.0 88.4 75.8
Apr. 2012 113.7 88.4 75.5
May. 2012 114.4 88.5 75.5
June. 2012 114.8 88.9 76.0
July. 2012 115.3 88.0 75.1
Aug. 2012 115.7 87.3 74.0
Sep. 2012 116.3 85.0 70.4
Oct. 2012 116.8 85.2 70.4
Nov. 2012 116.8 84.3 69.3
Dec. 2012 116.7 85.3 70.9
Jan. 2013 117.2 83.8 70.1
Feb. 2013 117.7 82.4 69.3
Mar. 2013 118.0 80.7 68.4
Apr. 2013 118.8 81.1 68.9
May. 2013 119.0 82.8 71.1
June. 2013 120.4 84.0 72.4
July. 2013 120.8 85.1 73.6
Aug. 2013 121.1 84.5 72.8
Sep. 2013 120.8 83.9 72.1
Oct. 2013 120.3 81.6 69.4
Nov. 2013 120.1 81.5 69.3
Dec. 2013 120.2 82.0 69.9
Jan. 2014 120.8 83.7 71.5
Feb. 2014 121.4 84.3 71.8
Mar. 2014 121.8 85.2 72.3
Apr. 2014 121.8 85.4 72.3
May. 2014 122.1 84.2 70.2
June. 2014 123.1 84.0 69.4
July. 2014 123.8 83.7 68.9
Aug. 2014 125.2 84.8 70.4
Sep. 2014 124.5 85.4 71.4
Oct. 2014 125.4 86.9 73.1
Nov. 2014 124.7 87.5 74.1
Dec. 2014 125.6 87.6 73.8
Jan. 2015 124.3 86.2 72.5
Feb. 2015 123.6 86.1 72.7
Mar. 2015 123.9 86.3 72.9
Apr. 2015 123.5 85.4 71.7
May. 2015 122.3 84.9 71.3
June. 2015 120.2 85.1 72.1
July. 2015 118.2 86.2 74.3
Aug. 2015 117.9 87.1 75.5
Sep. 2015 117.4 87.5 76.3
Oct. 2015 117.6 87.8 76.7
Nov. 2015 117.2 87.1 75.9
Dec. 2015 116.1 85.7 74.5
Jan. 2016 115.9 85.5 74.1
Feb. 2016 115.4 85.6 74.1
Mar. 2016 116.0 85.8 73.8
Apr. 2016 115.8 86.0 74.2
May. 2016 115.6 86.3 74.7
June. 2016 114.0 85.3 73.9
July. 2016 113.9 85.0 73.7
Aug. 2016 112.1 83.3 71.9
Sep. 2016 112.0 81.6 69.6
Oct. 2016 111.4 82.1 70.6
Nov. 2016 112.2 83.9 72.8
Dec. 2016 112.4 86.2 75.9
Jan. 2017 113.2 86.1 74.7
Feb. 2017 113.9 86.0 73.6
Mar. 2017 114.0 86.8 74.0
Apr. 2017 114.1 86.9 74.2
May. 2017 114.3 87.0 74.2
June. 2017 114.5 87.1 74.0
July. 2017 114.6 87.0 73.7
Aug. 2017 113.2 87.0 74.0
Sep. 2017 113.1 87.0 74.0
Oct. 2017 112.8 86.5 73.4
Nov. 2017 114.3 86.0 72.3
Dec. 2017 115.2 85.4 71.1
Jan. 2018 115.1 86.4 71.4
Feb. 2018 115.0 87.1 71.1
Mar. 2018 114.3 87.6 70.9
Apr. 2018 114.8 86.9 69.9
May. 2018 115.1 86.1 69.3
June. 2018 115.3 86.8 71.1
July. 2018 115.5 87.3 71.9
Aug. 2018 115.9 88.6 73.4
Sep. 2018 116.1 87.9 71.7
Oct. 2018 116.6 88.5 71.6

 

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