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Energy and manufacturing: Energy
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Very low electricity prices in the second quarter
The average price of electricity for households, excluding taxes and grid rent, was 14.9 øre per kWh in the second quarter of 2020. This is 67 per cent lower compared to the second quarter of 2019 and a record low electricity price.
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Unchanged PPI from June to July
The total PPI was unchanged from June to July 2020. Price increases in refined petroleum products and crude oil evened out the downturn in other groups within energy goods and manufacturing industries.
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Manufacturing turnover fell sharply in the second quarter
Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing decreased by 7.5 per cent from the first to the second quarter of 2020. On a monthly basis however, from May to June 2020, the manufacturing turnover increased by ...
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Continued downturn in PPI
The producer price index (PPI) fell in June for the sixth month in a row. The downturn came both outside and inside the energy goods.
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Reduced manufacturing turnover
Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing decreased by 4.5 per cent in the period March-May 2020, compared with the previous three-month period. On a monthly basis, from April to May 2020, the manufacturin...
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Continued drop in PPI
Heavy price falls on natural gas and refined petroleum products lead to a decrease of 2.7 percent in the producer price index for May. This comes despite a solid increase in prices on crude oil this month.
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Manufacturing turnover fell sharply in April
Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing decreased by 10 per cent from March to April. Measures introduced in order to mitigate the spreading of the Corona-virus in Norway and a drop in prices for refined...
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2020 estimates for oil investments marginally reduced
Total investments in oil and gas activity in 2020, including pipeline transportation, are now expected to amount to NOK 180.3 billion. The estimates for 2020 are downward adjusted marginally with 3 per cent compared to the previous survey.
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Strong decline in total investments for 2021
Companies’ latest investment estimates for 2020 are expected to decrease within oil and gas, manufacturing, mining and quarrying and electricity supply. There is suggested a sharp decline in total investments for 2021.
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Significant drop in electricity prices
The average price of electricity for households, excluding taxes and grid rent, was 26.8 øre per kWh in the first quarter of 2020. Compared to the first quarter of 2019, which had a very high price, the electricity price was down 51 per cent.
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Energy prices continue to drop
Significant price reductions on most energy goods caused a further decrease in the Producer Price Index in April. Natural gas had a positive price development, but only due to a weak Norwegian krone.
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Reduced manufacturing turnover in the first quarter
Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing decreased by 1.0 per cent in the first quarter of 2020 compared with the last quarter of 2019. A 2.8 per cent increase in manufacturing turnover was recorded from ...
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An uneasy world made its mark on PPI
March saw the largest monthly decrease in producer price index (PPI) in over 15 years. Uncertainties relating to the corona pandemic and the petroleum markets' are the main causes of this downturn.
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Reduced manufacturing turnover
Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing decreased by 1.4 per cent in the period December 2019 to February 2020 compared with the previous three-month period. A 1.6 per cent increase in manufacturing turn...
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Downturn in export prices in February
The producer price index (PPI) fell by 3.3 per cent from January to February. Reduced export prices on oil and gas had the largest impact, but reduced electricity prices were another contributing factor.
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