This is an archived release.
Continued decline for capital goods
Total turnover within Norwegian manufacturing amounted to NOK 39.7 billion in February 2004. This is the same level of turnover as in February 2003. Total turnover was affected negatively by reduced turnover within capital goods, but was leveled due to growth within intermediate goods.
Average turnover declined slightly by 0.4 per cent in the three-month period from December to February compared with the previous three-month-period. In this period as well it was the weak turnover within capital goods that held back the total turnover in manufacturing.
Capital goods down 8.7 per cent
The decline within capital goods in the three-month-period was mainly a result of marked reductions within oil platforms and modules and machinery and equipment n.e.c. Turnover within oil platforms and modules fell by 23 per cent from the previous period and machinery and equipment n.e.c decreased by 12 per cent. Fabricated metal products also showed decline, though somewhat slighter than the previously mentioned industries.
Intermediate- and Consumer goods up
Intermediate goods increased by 3.6 per cent from the previous three-month-period. Basic metals experienced the strongest growth, according to seasonally adjusted figures, but there were also increases within basic chemicals and pulp, paper and paper products in the period. Consumer goods increased slightly by 1.4 per cent from the previous three-month-period, mainly a result of an increase within food and food products. Decreased turnover for publishing, printing and reproduction had, however, a reducing effect.
|Statistics on turnover of oil and gas extraction, mining and quarrying, manufacturing, electricity and gas supply. February 2004|
|Original series1. February 2004||Changes in per cent February 2003-February 2004||Original series1. January-February 2004||Changes in per cent January-February 2003 - January-February 2004||Seasonally adjusted changes in per cent January-February 2004|
|The overall turnover||82 992||-8.7||164 882||-8.3||1.2|
|Oil and gas extraction||33 673||4.8||64 099||-0.8||0.3|
|Manufacturing||39 749||0.0||78 188||-1.7||-0.3|
|Electricity, gas and steam supply||9 012||-51.5||21 489||-38.3||-11.2|
|Main industrial groupings|
|Intermediate goods||15 350||17.3||30 303||10.7||3.5|
|Capital goods||8 939||-16.0||16 112||-19.3||9.8|
|Consumer goods||13 513||1.3||27 742||0.7||-5.8|
|Energy goods||45 190||-16.0||90 427||-13.5||0.2|
Find detailed figures from Turnover in oil and gas, manufacturing, mining and electricity supply