This is an archived release.
Biannual turnover in decline
From January to June the turnover within manufacturing was NOK 249 billion. This is a 4.1 per cent drop from the same period in 2002. Intermediate goods, capital goods and consumer goods all experienced a decline.
Within Norwegian oil and gas extraction - turnover fell by 19.8 per cent in June compared with the same month last year. This result is mainly due to organized, transitory adjustment within production.
Intermediate goods in decline
Turnover within intermediate goods fell by 5 per cent in the period from January to June 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. Basic chemicals experienced the largest decrease in turnover, with approximately a 12 per cent decline within the first six months this year. This industry's turnover, though, is not as negative in the second quarter of 2003 compared with the same period last year. The weak biannual figure is mainly due to a weak turnover in the first quarter this year.
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 six months in 2003 compared with the same period last year. The sharp decline of 9.8 per cent in the second quarter 2003 compared with the same period last year is partly due to a strong turnover in May 2002.
Consumer goods fell 6.6 per cent
Consumer goods (food and food products, textiles, wearing apparel, leather and publishing, printing and reproduction) had a 6.6 per cent decrease in turnover in this first biannual period compared with the same period in 2002. There were overall negative tendencies in turnover for consumer goods, but a lower turnover within food and food products continues to be 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 the figures with caution.
|Statistics on turnover of oil and gas extraction, mining and quarrying, manufacturing, electricity and gas supply. June 2003|
|Original series1||Changes in per cent||Original series1||Changes in per cent||Seasonally adjusted changes in per cent|
|June 2003||June 2002-June 2003||January-June 2003||January-June 2002-January-June 2003||May 2003-June 2003|
|The overall turnover||75 418||-7.3||496 025||4.3||-6.4|
|Oil and Gas Extraction||25 270||-19.8||172 831||0.0||-17.3|
|Manufacturing||42 870||-4.0||249 279||-4.1||2.72|
|Electricity, Gas and Steam Supply||6 637||49.2||70 872||80.3||-8.8|
|Main industrial groupings|
|Intermediate goods||15 111||-2.5||86 920||-5.0||0.5|
|Capital goods||11 953||-5.8||64 900||-4.7||5.5|
|Consumer goods||14 189||-4.5||85 424||-6.6||1.1|
|Energy goods||34 164||-10.8||258 779||15.2||-15.4|
|2||Corrected 7 August 2003 at 10:25 a.m.|
Find detailed figures from Turnover in oil and gas, manufacturing, mining and electricity supply