This is an archived release.
Slight decline in manufacturing
Overall revenues from manufacturing were NOK 45 billion in May 2002, a decrease of 5.3 per cent in terms of the twelve-month rate. The decline is partly offset by lower revenues from export industries. In basic chemicals the revenue decreased by 28 per cent.
The decline in manufacturing is due to lower revenues in industries which to a considerable degree are exporting such as pulp, paper and paper products, basic chemicals and basic metals. However, fabricated metal products, machinery and equipment and electrical and optical equipment counteract the decline in manufacturing.
The decline in export industries continues
Overall revenues in basic metals and basic chemicals continued to slip back in May 2002. Total turnover in basic metals was approximately NOK 3 billion in May 2002 in terms of the twelve-month rate. So far in 2002 overall revenue in basic metals was NOK 14 billion. Compared with the corresponding period in 2001 this is a downward effect of 18.7 per cent.
Basic chemicals down
Total turnover in basic chemicals was NOK 2 billion in May 2002, less than 27.9 per cent in terms of the twelve-month rate. Furthermore, so far in 2002 overall revenue in basic chemicals was NOK 9 billion, a decline of 21.8 per cent compared with the same period in 2001. In brief, the decline is due both to lower production (see the Index of production ) and a drop in prices (see the Producer price index ).
Modest improvement for food products, beverages and tobacco
Total turnover for food products, beverages and tobacco was approximately NOK 13 billion in May 2002, a modest increase of 1.4 per cent in terms of the twelve-month rate. So far in 2002 overall revenue is approximately NOK 59 billion, an increase of 8.6 per cent compared with the corresponding period in 2001.
|Statistics on turnover of oil and gas extraction, mining and quarrying, manufacturing, electricity and gas supply. May 2002. Original series|
|Original series. Million NOK||Changes in per cent|
|May 2002||Jan. 2002-May 2002||May 2001-May 2002||Jan. 2001-May 2001 - Jan. 2002-May 2002|
|The overall index||89 043||420 074||8.5||7.7|
|Oil and Gas Extraction||38 156||167 466||40.8||25.1|
|Manufacturing||45 085||213 264||-5.3||-0.6|
|Electricity, Gas and Steam Supply||5 203||36 388||-22.6||-5.2|
|Main industrial groupings|
|Intermediate goods||15 218||72 109||-6.7||-6.9|
|Capital goods||10 947||52 055||1.0||8.7|
|Consumer goods||17 262||81 815||-1.5||5.9|
|Energy goods||45 615||214 095||21.9||14.3|
Find detailed figures from Turnover in oil and gas, manufacturing, mining and electricity supply