Turnover in oil and gas, manufacturing, mining and electricity supply, May 2003

Within Norwegian oil and gas extraction turnover fell by approximately 9 per cent in May compared with the same month a year before. This was a result of both lower production and lower prices in May.

Intermediate goods in decline

Turnover within intermediate goods fell by 5.5 per cent in the period from January to May compared with the same period last year. Apart from wood and wood products and other non-metallic mineral products, all industries within the main industrial grouping had a lower turnover in the period. Basic chemicals experienced the largest decrease in turnover.

Capital goods also in decline

Capital goods (transport equipment, fabricated metal products and machinery and equipment n.e.c.) also experienced a decline in the first five months in 2003 compared with the same period last year. The sharp decline of 15 per cent in May compared with May last year is partly due to a strong turnover in May 2002.

Consumer goods fell 7 per cent

Consumer goods (food and food products, textiles, wearing apparel, leather and publishing, printing and reproduction) had a 7 per cent decrease in turnover in the five-month-period in relation to the same period in 2002. There were overall negative tendencies in turnover for consumer goods, but lower turnover within food and food products was the main contributor to the decline.

Changes within electricity, gas and steam supply

Long-term financial contracts influence the level in turnover within electricity, gas and steam supply. It is therefore advised to interpret figures with caution.