Norway’s manufacturing output records increase

Norway’s manufacturing output saw an increase of 0.8 percent in the period March-May 2019 compared to the previous three-month period, according to country’s statistics bureau .

The seasonally-adjusted figures also showed that there was particularly high activity in petroleum-related manufacturing, according to a report of the Statistics Norway (SSB).

The index level for Norwegian manufacturing in the period March-May 2019 amounted to 119.2 (2005=100), while the corresponding figure for the previous three-month period was 118.3, the report said.

The increase is particularly related to a strong production growth in ships, boats and oil platforms of as much as 7.8 percent. High activity among producers of oil platforms contributed to this rise. In addition, the industry grouping computer and electrical equipment also contributed positively.

Overall, petroleum-related manufacturing saw a clear increase of 4.1 percent in this three-month period, according to the SSB report.

On the other hand, food products and basic chemicals contributed to dampening the overall manufacturing growth with a decline of 1.3 and 4.3 percent respectively.

The fall in food products is partly related to reduced mackerel and capelin quotas, while the downturn within basic chemicals is due to shutdown for maintenance work, the SSB report said.