Turnover in continued decline
Energy and manufacturing;Energy and manufacturing
ogibkoms, Turnover in oil and gas, manufacturing, mining and electricity supply, industrial turnover, domestic market, export market, valueEnergy , Oil and gas , Manufacturing, mining and quarrying , Energy and manufacturing

Turnover in oil and gas, manufacturing, mining and electricity supplyJuly 2003



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Turnover in continued decline

Total turnover within manufacturing was approximately NOK 124 billion in the period from May to July 2003 - a 2.2 per cent decrease compared with the same period in 2002. Intermediate goods, capital goods and consumer goods all saw a fall in the period.

Turnover in July within Norwegian oil and gas extraction was approximately 9 per cent lower than the same month last year. This is a result of a somewhat lower oil-production in July 2003 compared to July 2002.

Turnover, main industrial groupings. Seasonally adjusted. 3-month moving average.

2.4 per cent decline for intermediate goods

Turnover within intermediate goods saw a 2.4 per cent fall in the period from May to July 2003 compared with the same period in 2002. The decline is partly caused by a 7 per cent decline for basic chemicals, but also basic metals and pulp, paper and paper products experienced lower turnover in the 3-month-period.

Capital goods down

There has been a marked reduction in turnover for capital goods in the period from May to July compared with the same period in 2002. The 5 per cent decline is a result of lower turnover for all industries within the main industrial grouping with the exception of machinery and equipment n.e.c.

Consumer goods also decline

Consumer goods (food and food products, textiles, wearing apparel, leather and publishing, printing and reproduction) saw a 1.5 per cent fall in turnover from May to July compared with the same period last year. The fall in turnover for consumer goods was somewhat lower than for intermediate and capital goods. A stronger turnover for food and food products in July subdues the fall for consumer goods in the three-month-period.

Changes within electricity, gas and steam supply

Long-term financial contracts had an impact on turnover figures 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.
July 2003
  Original series
July 2003
Changes in per cent
July 02-July 03
Original series1
January-July 03
Changes in per cent
January-July 02-January-July 03
Seasonally adjusted changes in per cent
June 03-July 03
The overall turnover 72 534 0.3  571 190 4.2 2.5
Oil and Gas Extraction 28 031 -8.6  201 663 -0.9 3.9
Manufacturing 37 125 5.2  288 186 -2.4 2.0
Electricity, Gas and Steam Supply 6 841 26.4 77 774 73.9 -6.1
Main industrial groupings          
Intermediate goods 12 671 0.0  100 268 -3.8 -0.5
Capital goods 8 284 9.2 73 096 -3.4 5.2
Consumer goods 14 201 4.6  100 603 -4.2 2.4
Energy goods 37 378 -2.9  297 221 12.9 0.3
1  Million NOK.