Still decline in manufacturing turnover in NorwayStaff Writer | January 6, 2017
Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing decreased by 2% from September to November compared to the previous three-month period.
Nordic countries A slight increase of 0.7% in Norway
Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing decreased 2.0% from September to November compared with the previous three-month period.
The grouping refined petroleum, chemical and pharmaceutical industries edged down 16%, mainly due to planned maintenance shutdowns among a few leading suppliers in September 2016.
With a share of 11% of total manufacturing turnover, this grouping was the biggest contributor pulling down total manufacturing turnover.
On the other hand, food products and building of ships, boats, and oil platforms rose 1.3 and 3.8% respectively.
In addition to these industries, a slight growth in non-ferrous metals also helped to curb the reduction in total turnover.
Total Norwegian manufacturing turnover went up 0.7% from October to November 2016, according to seasonally-adjusted figures. Most of the industries contributed to the positive development.
However, the grouping refined petroleum, chemical and pharmaceutical industries and repair, installation and machinery edged down 6.2 and 2.0% respectively.
Manufacturing turnover in Norway went down 2.3% from September to October 2016 according to seasonally-adjusted figures, while manufacturing turnover in the euro area went up 0.6%.
In the Nordic countries, Sweden showed an increase of 2.1%, while Denmark faced a 0.9% decline, according to Eurostat. ■