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Norway: Machinery and equipment contribute to increase in manufacturing turnover

Staff Writer | March 7, 2019
Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased 0.8 percent in the period November 2018 to January 2019.
Europe   Most of the increase stemmed from the domestic market
Machinery and equipment in particular contributed to this growth.

A 2.4 percent increase in manufacturing turnover was recorded from December 2018 to January 2019.

The index value for turnover in manufacturing was 157.2 (2005=100) in the period November 2018 to January 2019, compared to 155.9 in the previous three-month period, according to seasonally-adjusted figures.

Most of the increase stemmed from the domestic market.

The export market was unchanged.

The biggest contribution to the increase came from machinery and equipment, which had a rise of 23 percent in the period.

Total Norwegian manufacturing turnover had an increase of 2.4 percent from December 2018 to January 2019, according to seasonally-adjusted figures.

The most positive contribution stemmed from food products, with an increase of 3.7 percent from December 2018 to January 2019.

A considerable growth in prices on processed fish was a contributing factor to the growth for this industry.

For further information on the price trend in the industry, see PPI went up.

The industry grouping refined petroleum, chemical and pharmaceutical products contributed the most in curbing the positive development in turnover in manufacturing in the last month.

Lower prices within refined products pushed down the turnover in this industry grouping.

Manufacturing in the euro area was down 0.3 percent from November 2018 to December 2018, according to seasonally-adjusted figures.

Total turnover in Norwegian manufacturing went down 1.2 percent in the same period.

In the Nordic countries, the turnover in Denmark was up 4 percent, while Sweden was down 3.8 percent, according to Eurostat.