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Weekly Bulletin issue no. 34, 1998 <sti>Stikktittel

Order statistics. Manufacturing, 2nd quarter 1998:

Major orders in offshore platform industry

Domestic manufacturing orders increased by 25 per cent from first to second quarter this year, mainly because of large orders for offshore platforms for the Snorre field development. Other industries are, however, experiencing a slowdown in demand.
Overall manufacturing orders were sharply higher compared to first quarter this year and were also higher compared to the same quarter last year.

New export orders fell two per cent from first to second quarter this year, largely because of sluggish demand in the shipbuilding, electrotechnical and optical industries. The figures show the annual changes in the trend series, computed on the basis of changes from the previous quarter. Total order reserves are about at the same level as earlier.

Decline in shipbuilding

Orders in the shipbuilding industry fell 60 per cent although backlogs are still large. The pronounced decline must be viewed in the light of the large number of new orders placed towards the end of last year, before the reduction in shipbuilding subsidies took effect at the beginning of this year.

New Statistics

Order statistics. Manufacturing, 2nd quarter 1998.
The statistics are published every quarter in the Weekly Bulletin of Statistics. For more information, contact: pal.bakken@ssb.no, tel. +47 21 09 47 46, or jacob.a.osnes@ssb.no, tel. +47 21 09 47 24.

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Weekly Bulletin issue no. 34, 1998