This is an archived release.
Continued decline in turnover
From January to May turnover within manufacturing was NOK 206 billion. This is a 4.3 per cent drop from the same period in 2002. Intermediate goods, capital goods and consumer goods all experienced a decline in the period.
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.
Statistics on turnover of oil and gas extraction, mining and quarrying, manufacturing, electricity and gas supply.
|Original series1||Changes in per cent||Original series1||Changes in per cent||Seasonally adjusted changes in per cent|
|May 2003||May 02-May 03||January-May 03||January-May 02-January-May 03||April 03-May 03|
|The overall turnover||80 710||-3.3||424 376||7.6||-0.7|
|Oil and Gas Extraction||28 137||-9.2||150 432||6.5||1.4|
|Manufacturing||41 745||-10.7||205 967||-4.3||-4.8|
|Electricity, Gas and Steam Supply||10 317||101.5||65 683||88.4||33.2|
|Main industrial groupings|
|Intermediate goods||15 205||-8.0||71 802||-5.5||-0.9|
|Capital goods||10 119||-15.3||52 436||-5.4||-10.2|
|Consumer goods||14 995||-9.9||71 219||-7.0||-0.1|
|Energy goods||40 390||5.3||228 918||22.8||2.8|
Find detailed figures from Turnover in oil and gas, manufacturing, mining and electricity supply