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Solid output growth in manufacturing in Norway

Christian Fernsby ▼ | August 8, 2019
Norwegian manufacturing output saw an increase of 1.7 per cent in the second quarter of 2019 compared to the first quarter, according to seasonally-adjusted figures.
Norwegian manufacturing
European economies   Norwegian manufacturing
A high level of activity in petroleum-related manufacturing was among the contributors to the growth.

Topics: Norway manufacturing

The index level for Norwegian manufacturing in the second quarter amounted to 119.8 (2005=100).

The corresponding figure for the previous quarter was 117.8.

The long-term trend shows steady growth since May 2018.

According to seasonally-adjusted figures, manufacturing output increased with 1.7 per cent in the second quarter, compared with the first quarter.

There was especially strong activity within building of ships and oil platforms, with an output increase of 7.5 per cent.

Furthermore, food products as well as the industry grouping computer and electrical equipment contributed positively to the growth.

Overall, petroleum-related manufacturing saw a clear increase of 4.8 per cent this quarter (see figure 2).

The growth is, among other factors, related to an increase in the investment activity in the oil and gas sector over the last year.

At the same time, several of the traditionally petroleum-related manufacturing businesses saw an increase in output directed at other market segments than oil and gas.


 

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