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Energy and manufacturing: Energy
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Further increase in manufacturing turnover in fourth quarter
Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased by 1.6 per cent from the third to the fourth quarter of 2018. Increased turnover within machinery and equipment and ships, boats and oil platforms was ...
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Record high wind power generation
A total of 3.9 TWh of wind power was generated in 2018, which is 36 per cent or 1 TWh more than in 2017 and the highest level ever recorded.
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Lower petroleum prices drove the PPI down
The Norwegian PPI dropped 3.5 per cent from November to December. This was caused by lower prices on crude oil, natural gas and refined petroleum products.
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Further increase in manufacturing turnover
Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased by 2.5 per cent from September to November compared to the previous three-month period. The turnover was unchanged from October to November.
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Sharp fall in crude oil prices
The producer price index fell for the first time since February 2018. Higher prices on electricity were offset by a substantial fall in the price of crude oil.
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Manufacturing turnover increases further
Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased by 2.2 per cent from August to October compared to the previous three-month period. A 0.3 per cent increase was recorded from September to October.
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Continued high power investments in 2017
Investment in the power industry rose by 15.4 per cent from 2016 to 2017 to NOK 29.8 billion, which was the highest investment in the industry ever.
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Higher investment estimates for 2019
Total investments in oil and gas activity in 2019, including pipeline transportation, are estimated at NOK 175.3 billion, which is 6.1 per cent higher than estimated in the previous quarter. The estimate for 2018 is now NOK 155.5 billion.
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Investment growth in 2018 and 2019
Companies’ latest investment estimates within oil and gas, manufacturing, mining and quarrying and electricity supply indicate growth both for 2018 and 2019. The increase in 2018 is mainly due to investment growth within electricity supply.
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Still high electricity prices for households
The average price of electricity for households, excluding taxes and grid rent, was 55.3 øre per kWh in the third quarter of 2018. This is 66 per cent higher compared to the third quarter in 2017 and the highest prices measured since the first qua...
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Price of natural gas pulled up the PPI
The producer price index (PPI) rose 3.6 per cent from September to October. An increase in the price of natural gas of over 20 per cent was the most important contributor.
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Manufacturing turnover back at top level in the third quarter
Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased by 1.9 per cent from the second to the third quarter of 2018. A 2.2 per cent increase was recorded from August to September.
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Continued rise in PPI
The producer price index (PPI) rose 1.5 per cent from August to September. The increase was mainly caused by rising prices on crude oil, natural gas and refined petroleum products.
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Further increase in manufacturing turnover
Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased by 3.2 per cent from June 2018 to August 2018. A 0.9 per cent increase was recorded from July to August.
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High electricity prices for households
The average price of electricity for households, excluding taxes and grid rent, was 44.6 øre per kWh in the 2nd quarter of 2018. This is 35 per cent higher compared to the 2nd quarter in 2017 and the highest prices measured since the 2nd quarter i...
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