Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing increased by 2.7 per cent in the period May-July 2021, compared to the previous three-month period.
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On a monthly basis, from June to July, the manufacturing turnover increased by 2.4 per cent. Increased turnover in the industry food products contributed most to the growth.
The index value for turnover in manufacturing was 172.1 (2005=100) in the period May to July 2021 compared to 167.5 in the previous three-month period according to seasonally-adjusted figures .
The turnover in manufacturing fell considerably during the first 6-month period last year, but is recovering and the turnover is now at a higher level than before the onset of the Corona epidemic.
Total Norwegian manufacturing turnover increased by 2.7 per cent from May to July 2021 compared to the previous three-month period. A considerable rise in prices of industrial goods was an important factor to this growth.
Fabricated metal products and food, beverages and tobacco industry contributed the most to the increase in manufacturing turnover with an increase of 19.8 and 4.0 per cent respectively.
Seasonally-adjusted figures show that the turnover in Norwegian manufacturing increased by 2.4 per cent from June to July 2021 according to seasonally-adjusted figures.
The industry food products and beverages contributed the most to the positive development in manufacturing turnover with its increase of 9.4 per cent. The increase is related to higher prices and export volume for fish due to a global rise in demand. See also external trade in goods for further details.
Decreased turnover in the industry repair and installation of machinery contributed the most to curbing the decrease in manufacturing turnover.
Manufacturing turnover in the euro area increased by 0.9 percent from May to June 2021, according to seasonally-adjusted figures.
Total Norwegian manufacturing turnover increased by 1.5 percent in the same period. In the other Scandinavian countries, the turnover in Denmark decreased by 3.4 per cent while the turnover in Sweden increased by 3.3 per cent, according to Eurostat. ■