Minor increase in manufacturing output in NorwayStaff Writer | May 8, 2017
Norwegian manufacturing output saw a minor increase of 0.5 percent in the first quarter of 2017 compared with the fourth quarter of 2016, according to seasonally-adjusted figures.
Europe High production level of pharmaceutical products
The index level for Norwegian manufacturing in the first quarter of 2017 amounted to 113.1 (2005= 100). The corresponding figure for the last quarter of 2016 was 112.5.
According to seasonally-adjusted figures, manufacturing output had a minor increase of 0.5 percent in the first quarter of 2017 compared with the fourth quarter of 2016.
The industry grouping refined petroleum, chemicals and pharmaceuticals contributed most to the overall growth, with a significant production increase equivalent to 8.7 percent.
High production level of pharmaceutical products, as well as maintenance shutdown among some leading suppliers in the previous quarter explains this production growth.
In addition, food products also saw a clear growth due to a production increase within processing and preserving of fish compared with the previous quarter.
However, the overall manufacturing growth was substantially dampened by a fall in petroleum-related industries like machinery and equipment, ships, boats and oil platforms as well as fabricated metal products.
The analytical grouping petroleum-related manufacturing had an overall decrease of 4.3 percent in the first quarter of 2017.
For more details about the development in petroleum-related manufacturing over the last years, see the article about the effects of oil and gas investments on industrial production. ■