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Increase in Norwegian manufacturing turnover

Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased by 1.9 per cent from May to July 2012 compared to the previous three-month period, Statistics Norway reports.

The largest contribution came from building of ships, boats and oil platforms with a 25.5 per cent increase. Several larger project deliveries took place within this period. Positive figures within these industries are mainly due to completed orders delivered to the oil and gas sector.

Computer and electrical equipment also went up, by 6.3 per cent. This was due to a 12.8 per cent increase in turnover within the export market.

Among industries with a fall in turnover were refined petroleum, chemicals and pharmaceuticals. This grouping fell 5.9 per cent in the three-month period mainly due to a price drop within refined petroleum products in May and June this year. This was also the case for basic metals. The industry as a whole showed a fall of 6.2 per cent. This grouping had a price fall in July, while non-ferrous metals had showed a negative price development since March this year.

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