Topic
Energy and manufacturing: Energy
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Continued fall in gas prices
The price of natural gas fell for the seventh consecutive month and was the main reason behind the 1 per cent drop in the PPI in May. Higher prices on petroleum products contributed in the opposite direction.
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Increase in turnover for petroleum-related manufacturing
Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing increased by 0.5 per cent in the period February-April 2019, compared with the previous three-month period. Strong increase in turnover for petroleum-related manuf...
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Total investments are expected to increase in 2020
Companies’ latest investment estimates for 2020 are expected to increase within oil and gas, manufacturing, mining and quarrying and electricity supply. New 2019 estimates are substantially adjusted upwards from the previous survey and show growth...
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Upward adjusted estimates for oil investments in 2019
Total investments in oil and gas activity in 2019, including pipeline transportation, are now expected to amount to NOK 183.8 billion. This is 6 per cent higher than estimated in the previous quarter.
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Still high electricity price for households
The average price of electricity for households, excluding taxes and grid rent, was 55.2 øre per kWh in the first quarter of 2019. This is on the same high level as the two previous quarters.
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Rise in crude oil price
A price increase on crude oil made for an overall increase in the producer price index (PPI) in April. The increase was somewhat reduced by a fall in prices of natural gas and electricity.
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Manufacturing turnover flattens out in the first quarter
Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing was almost unchanged in the first quarter of 2019, compared with the last quarter of 2018. On monthly basis, from February to March 2019, the manufacturing turnove...
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Lower gas prices
A fall in prices on natural gas and electricity outweighed a slight rise in the oil price in March. The producer price index fell by 2.1 per cent this month.
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Unchanged manufacturing turnover
After several periods with increased turnover in Norwegian manufacturing, seasonally-adjusted figures show that the total turnover in Norwegian manufacturing was almost unchanged in the period December 2018 to February 2019, compared with the prev...
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PPI continued to rise
The Producer Price Index (PPI) rose by 0.4 per cent from January to February. Higher prices on crude oil and refined petroleum products contributed strongly to pull the PPI upwards. The price index of electricity went in the opposite direction.
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Machinery and equipment contribute to increase in manufacturing turnover
Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased by 0.8 per cent in the period November 2018 to January 2019. Machinery and equipment in particular contributed to this growth. A 2.4 per cent increase ...
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Record-high electricity price for households
The average price of electricity for households in 2018, excluding taxes and grid rent, was 48.6 øre per kWh. This is 41 per cent higher than in 2017 and the highest level ever measured.
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Oil investment estimate for 2019 adjusted downward
The estimated total investment in oil and gas activity in 2019, including pipeline transportation, is NOK 172.7 billion, which is 1.4 per cent lower than estimated in the previous quarter.
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Electricity supply contributed to investment growth in 2018
Final investments for 2018 covering oil and gas, manufacturing, mining and quarrying and electricity supply increased by 7.5 per cent compared with 2017. The growth is mainly due to high investments within electricity supply. The latest investment...
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PPI went up
After two months of significant decreases, the Producer Price Index (PPI) rose 0.3 per cent from December to January. Increased prices on fish, electricity and crude oil were the main contributors.
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