Increased manufacturing turnover in NorwayStaff Writer | April 8, 2017
Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased by 1.9 percent in Norway from December 2016 to February 2017 compared to the previous three-month period.
Economy in Norway The index value for turnover
The index value for turnover in manufacturing was 137,5 (2005=100) in the period December 2016 to February 2017, compared to 134.9 in the previous three-month period, according to seasonally-adjusted figures.
The total turnover increased by 1.9 percent from December 2016 to February 2017, compared to the previous three-month period.
The biggest contribution to the increase came from the grouping refined petroleum, chemicals and pharmaceutical products, with an increase of 38 percent.
An increase in prices of refined petroleum products of 18 percent in the same period contributed to the increase in the turnover for this grouping.
The oil related industries ships, boats and oil platforms and machinery and equipment however, edged down by 16 and 12 percent respectively.
Looking at how the turnover has developed within the petroleum-related manufacturing, a fall in turnover has been recorded since the start of 2015 as a consequence of the reduced level of investments in the oil and gas industry. ■