Record-high manufacturing output

Production in Norwegian manufacturing increased by 1.2 per cent from February to April 2014 compared with the previous three-month period, Statistics Norway (SSB) reports.

 

After a production decline from September to November 2013, Norwegian manufacturing has seen an output increase so far in 2014.

There was a production increase in industries such as machinery and equipment, and ships, boats and oil platforms from February to April 2014 compared with the previous three-month period, according to seasonally-adjusted figures. The activity in machinery and equipment was at a record high level, with an output increase equivalent to 113 per cent since 2005.

Furthermore, food and food products also saw a solid output increase, partly due to high production of fish and fish products in April 2014. High demand abroad for salmon products and improved access to raw materials have led to this production growth. On the other hand, wood and wood products and computer and electrical equipment had a minor decrease in production in this three-month period.

Production in Norwegian manufacturing went up by 3.7 per cent from March 2013 to March 2014, according to SSB. The growth can particularly be related to an output increase in industries such as food and food products and machinery and equipment. Estimated figures from Eurostat indicate that production in the manufacturing industries in the Euro area increased by 1.9 per cent in this period.

(Press release)

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