NEWS

Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing decreased by 7.5 per cent from the first to the second quarter of 2020. On a monthly basis however, from May to June 2020, the manufacturing turnover increased by 2.5 per cent.

Three-month change: refined petroleum, chemicals and pharmaceuticals decreases manufacturing turnover

Seasonally-adjusted figures show that the turnover in Norwegian manufacturing decreased by 7.5 per cent from the first to the second quarter of 2020. This is the biggest decline in a quarter measured in this statistics which goes back to 1998.

The industry grouping refined petroleum, chemicals and pharmaceutical products contributed the most to the negative development with its decline of 22 per cent in the period. Building of ships and oil platforms also contributed negative with a reduction of 21 per cent in the period.

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