Minor decline in 2003
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 supplyDecember 2003



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Minor decline in 2003

Turnover in Norwegian manufacturing amounted to just over NOK 508 billion in 2003, representing an insignificant decline of 1.9 per cent from 2002. Capital goods, intermediate goods and consumer goods were all subject to decline in 2003.

Turnover in the November-December period remained more or less flat, according to seasonally adjusted figures. This trend applies to both capital goods and consumer goods, while intermediate goods went down by 1 per cent, mainly due to reduced turnover within manufacturing of basic metals in December.

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

Intermediate goods down 2 per cent

Total turnover within intermediate goods was affected by the decline in pulp, paper and paper products and basic chemicals, though there were signs of growth within pulp, paper and paper products and basic chemicals in the second half of 2003. Basic metals experienced a slight increase, primarily in the latter part of 2003.

Capital goods down 4 per cent

The decline in capital goods is closely connected to a weak turnover within manufacturing of fabricated metal products, oil platforms and modules and electrical and optical equipment. Although the annual comparison shows a decline in total turnover in oil platforms and modules, there was an evident increase from the second quarter and throughout 2003. Electrical and optical equipment experienced a significant decline of almost 16 per cent compared with 2002, though there were signs of improvement in the last quarter of 2003.

Consumer goods drop 4 per cent

A 5.5 per cent decline in food products is the main reason for the weak turnover in this industrial grouping. In addition a decline in textiles, wearing apparel and leather as well as publishing, printing and reproduction contributes to the decline. Publishing, printing and reproduction, however, shows signs of a weak but positive development in the last three quarters of 2003.

Statistics on turnover of oil and gas extraction, mining and quarrying, manufacturing, electricity and gas supply. December 2003
  Original series December 2003 Changes in per cent
December 2002-
December 2003
Original series1January-December 2003 Changes in per cent
January-December 2002-
January-December 2003
Seasonally adjusted
changes in per cent
November-December 2003
The overall turnover 88 122 -8.3  990 664 1.9 -0.1
Oil and gas extraction 33 554 3.4  352 623 1.1 8.4
Manufacturing 43 036 1.3  508 146 -1.9 -0.4
Electricity, gas and steam supply 11 004 -47.0  123 479 28.4 -7.7
Main industrial groupings          
Intermediate goods 13 685 8.6  177 840 -2.3 -0.9
Capital goods 13 053 -5.8  130 202 -3.8 0.1
Consumer goods 14 358 2.8  176 432 -3.8 0.7
Energy goods 47 026 -15.6  506 188 7.5 -1.7
1  NOK million.