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Minor changes in Norway's manufacturing output

Staff Writer | July 7, 2017
Norwegian manufacturing output saw a minor increase of 0.4 percent from March to May 2017 compared to the previous three-month period, according to seasonally-adjusted figures.
Norwegian manufacturing
Europe   On a month to month basis
On a month to month basis, from April to May 2017, manufacturing output went down 0.3 percent.

The Index of industrial production from March to May 2017 amounted to 114.1 (2005=100). The corresponding figure for the previous three-month period was 113.7.

Smoothed seasonally-adjusted figures show a turning point for manufacturing output in September 2016, and since then the activity has risen somewhat.

According to seasonally-adjusted figures, manufacturing output saw a minor increase of 0.4 percent from March to May 2017 compared to the previous three-month period.

Ships, boats and oil platforms contributed most to the overall growth, with an increase of 2.8 percent.

This increase is related to a particularly high activity level in April among some leading suppliers. There was also some growth within repair and installation of machinery.

At the same time, other petroleum-related industries like machinery and equipment and computer and electrical equipment, contributed to dampen the overall increase in manufacturing output.

Petroleum-related manufacturing experienced an overall decline of 0.9 percent.


 

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