Clear decline in manufacturing output in NorwayStaff Writer | December 7, 2017
Norwegian manufacturing output declined 2.3 percent from August to October 2017 compared to the previous three-month period, according to seasonally-adjusted figures.
Europe Seasonally-adjusted figures
The index level for Norwegian manufacturing from August to October 2017 amounted to 112.6 (2005=100). The corresponding figure for the previous three-month period was 115.2. Smoothed seasonally-adjusted figures indicate a falling trend for the last 4 months.
According to seasonally-adjusted figures, manufacturing output saw a clear decrease of 2.3 percent from August to October 2017 compared with the previous three-month period. This notable decline is particularly related to low production activity in August.
The overall manufacturing decrease is due to low production within both petroleum-related manufacturing and other branches of Norwegian manufacturing.
According to seasonally-adjusted figures, manufacturing output increased by 0.7 percent from September to October 2017. The industry grouping refined petroleum, chemicals and pharmaceuticals together with ships, boats and oil platforms contributed most to this growth.
The increase within ships, boats and oil platforms in October is related to large projects among some leading suppliers. ■