Small increase in Norways's manufacturing output
This is according to seasonally-adjusted figures. From May to June 2017, manufacturing output went down 0.6 percent.
The Index of industrial production in the second quarter of 2017 amounted to 114.3 (2005=100).
The corresponding figure for the first quarter was 113.5. Smoothed seasonally-adjusted figures show a turning point for manufacturing output in September 2016, and that since then the activity has risen somewhat.
According to seasonally-adjusted figures, manufacturing output saw a minor increase of 0.7 percent in the second quarter of 2017 compared to the previous quarter.
Ships, boats and oil platforms contributed most to the overall growth, with an increase of 5.4 percent.
This increase is related to a particularly high activity level in April among some leading suppliers. Repair and installation of machinery also experienced an increase in the same period of 3.6 percent.
Petroleum-related manufacturing saw an overall growth of 2.2 percent in the second quarter compared to the first quarter.
For more details about how petroleum-related manufacturing affects the overall development in manufacturing, see the article Norwegian Manufacturing 2016 – a tough year for manufacturing.
On the contrary, refined petroleum, chemicals and pharmaceuticals together with food products contributed to dampen the overall increase in manufacturing output. ■