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Energy and manufacturing
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Clear decline in manufacturing output
Norwegian manufacturing output declined 2.3 per cent from August to October 2017 compared to the previous three-month period, according to seasonally-adjusted figures. The decline must be seen in context with a particularly low activity level in A...
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Record high investments in the power industry
The investments in the power industry came to NOK 25.8 billion in 2016. This is 16 per cent more than in 2015 and the highest figure ever recorded.
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Higher electricity prices for households
The average price of electricity for households, excluding taxes and grid rent, was 33.3 øre per Kwh in the third quarter of 2017. This is an increase of 9 per cent compared to the third quarter in 2016.
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Downward adjusted estimates in oil investments for 2017
Total investments in oil and gas activity in 2017, including pipeline transportation, are NOK 150.8 billion, which is 3.1 per cent lower than estimated in the previous quarter. The estimate for 2018 has been adjusted upwards by 1.8 per cent to NOK...
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Decline in total investments for 2017
The latest investment estimates from companies within oil and gas, manufacturing, mining and quarrying and electricity supply show a decline for 2017, while figures for 2018 indicate an increase. The decline for 2017 is due to lower investments in...
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Increased sales
Total sales of petroleum products in October amounted to 742 million liters, 28 million litres more than in October 2016.
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Prices on natural gas pulled up the PPI
The producer price index (PPI) rose by 2.5 per cent from September to October. The main reason for this was higher prices on natural gas.
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Petroleum-related manufacturing still struggling
Norwegian manufacturing output went down 0.7 per cent from the second quarter to the third quarter of 2017, according to seasonally-adjusted figures. Petroleum-related manufacturing contributed most to pull down the overall activity level, while f...
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Rise in manufacturing turnover in the 3rd quarter
Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased by 1.4 per cent from the second to the third quarter of 2017. However, a 0.4 per cent decrease was recorded from August to September.
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Total stocks in industry reduces
Compared with the third quarter of 2016, total stocks in the order-based industry fell by 9.9 per cent in the third quarter of 2017. New orders fell by 3.2 per cent in the same period.
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Positive signals from manufacturing
Norwegian industrial managers report a small production increase in the third quarter of 2017, with the expectation of increased production and new orders in the fourth quarter. The general expectations for the fourth quarter of 2017 are also posi...
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Decrease sales continues
Total sales of petroleum products in September amounted to 715 million liters, 40 million litres less than in September 2016.
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Increase in meat production
A total of 164 100 tonnes of meat from domestic animals were approved for human consumption during the first half of 2017; an increase of 2.5 per cent from the same period last year.
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Higher prices on energy goods
The producer price index (PPI) rose by 2.9 per cent from August to September. This was mainly caused by the price development on energy goods, which as a whole went up 7.8 per cent. Crude oil, natural gas, electricity and refined petroleum product...
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Slight increase in manufacturing turnover
Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased by 0.5 per cent from June to August 2017 compared to the previous three-month period. Moreover, a 1.2 per cent increase was recorded from July to augus...
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