SSB Statistics Norway : The positive development in manufacturing turnover continues

The index value for turnover in manufacturing was 143.1 (2005=100) in the period September to November 2017, compared to 139.6 in the previous three-month period, according to seasonally-adjusted figures.

Three-month change: pronounced growth in refined petroleum, chemical and pharmaceutical products

Seasonally-adjusted figures showed that the turnover in Norwegian manufacturing increased 2.5 per cent from September to November compared with the previous three-month period.

Most of the industries showed a growth in turnover. The biggest contributor to the increase was the grouping refined petroleum, chemical and pharmaceutical products with an increase of 8.9 per cent. Higher prices on refined petroleum products contributed among other things to this development.

Basic metals also showed a clear growth in turnover in the same period. Improved metal prices, especially non-ferrous metals such as aluminum and nickel explains a lot of the growth in turnover.

Total Norwegian manufacturing turnover showed an increase of 0.9 per cent from October to November 2017, according to seasonally-adjusted figures.

As for the monthly change it were the industry grouping refined petroleum, chemical and pharmaceutical products that contributed the most to the positive development in total turnover in the industry together with basic metals.

Fabricated metal products on its side had an marked decline in turnover from October to November and contributed to soften the growth in the total turnover in industry.

Monthly change: increase in Norway and unchanged in the euro area in October

Total turnover for Norwegian manufacturing went up 1.8 per cent from September to October 2017, according to seasonally-adjusted figures. Manufacturing in the euro area were unchanged in October. In the nordic countries, Denmark were down 0.7 per cent, while Sweden went up 1.6 per cent, according toEurostat.