This is an archived release.
Turnover drops 2.7 per cent
Total turnover for manufacturing from January to August this year was approximately NOK 329 billion. This is a 2.7 per cent decrease compared with the same period last year. The picture was negative for most industries and all the main industrial groupings within manufacturing saw a decline.
Within Norwegian oil- and gas extraction turnover in August was approximately 11 per cent higher than in August 2002. This is mostly due to a stronger average oil-price in NOK. There has been an increase in the production of gas and a slight decrease in the production of oil in August, compared with August last year. July-figures for Oil and gas extraction have been adjusted up as a result of new information.
Capital goods - down 3 per cent
The decline for capital goods in the period from January to August compared with the same period in 2002 was mainly a result of lower turnover within fabricated metal products and oil platforms and modules. The decline was subdued by an increase within machinery and equipment n.e.c and transport equipment, with the realization of several large contracts within transport equipment as the main contributor.
Intermediate goods - down 4 per cent
Intermediate goods fell 4.3 per cent in the eight-month-period. Wood and wood products and other non-metallic mineral products were the only industries with positive changes in turnover from the same period in 2002. Basic metals, pulp, paper and paper products and basic chemicals fell with 2.2, 4.7 and 11.3 per cent respectively. Pulp, paper and paper products and basic chemicals however showed increases of 6.4 and 8.4 per cent respectively in August 2003 compared with August last year.
Consumer goods - down 5 per cent
The 4.9 per cent decrease for consumer goods (food and food products, textiles, wearing apparel, and leather and publishing, printing and reproduction) in the period January to August 2003, was mainly a result of lower turnover within food and food products. All industries within this industrial grouping saw a fall in the period compared with the same period last year.
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. August 2003|
|Original series August 2003||Changes in per cent August 02- August 03||Original series1January-August 2003||Changes in per cent January-August 2002 - January-August 2003||Seasonally adjusted changes in per cent July-August 2003|
|The overall turnover||78 817||3.5||651 187||4.3||-2.5|
|Oil and Gas Extraction||30 789||10.9||233 839||1.2||-1.4|
|Manufacturing||40 907||-4.6||328 863||-2.7||-5.0|
|Electricity, Gas and Steam Supply||6 605||38.8||84 401||70.5||11.0|
|Main industrial groupings|
|Intermediate goods||14 716||-7.1||114 860||-4.3||-2.4|
|Capital goods||10 468||-1.8||83 785||-3.0||-4.5|
|Consumer goods||13 601||-7.2||113 881||-4.9||-6.0|
|Energy goods||40 032||14.5||338 659||13.6||2.6|
Find detailed figures from Turnover in oil and gas, manufacturing, mining and electricity supply