Continued decline for capital goods
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 supplyFebruary 2004



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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.

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

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
1  NOK million.