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Marginal decrease in manufacturing output in Norway

Christian Fernsby ▼ | December 7, 2019
Norwegian manufacturing output had a marginal decrease of 0.3 per cent in the period August- October 2019 compared to the previous three-month period, according to seasonally-adjusted figures.
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On a monthly basis, from September to October, output was unchanged.

Topics: Manufacturing Norway

The index level for Norwegian manufacturing in the period August- October 2019 amounted to 119.5 (2005=100).

The corresponding figure for the previous three-month period was 119.9.

After steady growth since May 2018, the long term trend for the recent months shows that the output increase has leveled out.

According to seasonally-adjusted figures, manufacturing output decreased marginally with 0.3 per cent in the period August- October 2019 compared with the previous three-month period.

Even though total manufacturing output was almost unchanged, there were clear differences on industry-level.

Basic chemicals had a clear output increase of 5.3 per cent in this period.

This growth must be seen in context with several maintenance shutdowns in the previous three-month period.

In addition, food products also saw a growth due to high production within processing and preserving of fish.

According to seasonally-adjusted figures, manufacturing output was unchanged from September to October 2019.

Food products increased strongly in this period, partly due to high slaughter of salmon.

On the other hand, basic chemicals saw a production downturn in this period.


 

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