Continuous increase in manufacturing
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 supplyOctober 2004



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Continuous increase in manufacturing

Total turnover in Norwegian manufacturing amounted to nearly NOK 50 billion in October 2004. All main industrial groupings experienced positive growth during the last three-month period compared with the previous period. Capital goods are, however, the only industrial grouping that shows positive figures from September to October.

Turnover within Norwegian oil and gas extraction sector experienced a growth of 7.3 per cent and must be seen in connection with continuous growth in prices on crude oil. In October, the average price on crude oil came to NOK 327, an increase in prices 10.6 per cent compared with the previous month.

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

Intermediate goods

Seasonally adjusted figures from the last three-month period show continued increase for intermediate goods, but not by the same strength as in earlier periods. Numerous sectors within this grouping experienced a decline in turnover from September to October, meanwhile refined petroleum products and chemical products and rubber and plastic products increased in this period.

Capital goods

Capital goods grew by 5 per cent and close to all the sectors have a positive development. The monthly figures from September to October are also higher than within intermediate goods.

Consumer goods

The largest sector within this industrial grouping, food and food products, increased by 3.9 per cent. It is worth noticing the positive trend in the industry for fish and fish products, which has lasted since May. In the remaining sectors within this industry only a few experienced an increase from September to October.

Statistics on turnover of oil and gas extraction, mining and quarrying, manufacturing, electricity and gas supply. October 2004
  Original series October 2004 Changes in per cent
October 2003- October 2004
Original series1January-October 2004 Changes in per cent January-October 2003 - January-October 2004 Changes in per cent. Seasonally adjusted. May-July 2004-
August-October 2004
The overall turnover  100 729 17.3  887 045 8.4 4.6
Oil and Gas Extraction 41 182 46.4  350 557 21.3 7.3
Manufacturing 49 792 6.5  442 725 5.0 6.8
Electricity, Gas and Steam Supply 8 685 -16.0 85 397 -16.8 -7.9
Main industrial groupings          
Intermediate goods 18 357 6.1  170 900 14.9 1.0
Capital goods 11 402 4.9 98 864 -7.0 5.0
Consumer goods 16 068 -4.1  150 126 2.4 3.7
Energy goods 54 902 34.1  467 150 12.1 4.8
1  NOK million.