This is an archived release.
Stable growth in manufacturing
Total turnover in Norwegian manufacturing amounted to just above NOK 490 billion from January to November 2004. All main industrial groupings experienced positive growth, with the exception of capital goods.
Turnover within Norwegian oil and gas extraction sector was close to NOK 390 billion from January to November 2004, a 22 per cent growth compared to the same period in 2003. The change in seasonally adjusted turnover from October to November is, however, negative. This is mainly due to the extremely high prices on crude oil in October along with a weakening exchange rate on dollar.
Intermediate goods show a positive development from October to November even though the largest industries, non-ferrous metals and pulp, paper and paper products show a decrease in turnover. Basic chemicals and other non-metallic mineral products counteract this negative trend, with an increase from last month of 3.3 and 9.6 per cent respectively.
The monthly figures for capital goods are negative. This is mainly due to the fact that oil platforms and modules, the prime industry, dropped by 14.8 per cent. On the other hand both transport equipment and basic metals increased by 1.5 and 5.9 per cent respectively.
The seasonally adjusted figures for consumer goods show a stable turnover from October to November, by a growth of 0.8 per cent. Food and food products show an upturn after dipping the last few months. Furniture and recycling contributes to the increase, while publishing, printing and reproduction somewhat offset the increase.
|Statistics on turnover of oil and gas extraction, mining and quarrying, manufacturing, electricity and gas supply. November 2004|
|Original series November 2004||Changes in per cent November 2003-November 2004||Original series1January-November 2004||Changes in per cent January-November 2003 - January-November 2004||Seasonally adjusted changes in per cent October 2004-November 2004|
|The overall turnover||98 705||17.4||985 365||9.2||-2.7|
|Oil and Gas Extraction||38 621||28.5||389 183||22.0||-1.6|
|Manufacturing||49 792||14.2||491 635||5.7||-0.7|
|Electricity, Gas and Steam Supply||9 192||-6.5||95 081||-15.5||-7.3|
|Main industrial groupings|
|Intermediate goods||18 649||20.6||189 135||15.2||5.4|
|Capital goods||11 546||6.6||110 233||-5.9||-3.2|
|Consumer goods||16 839||9.1||166 674||2.8||0.8|
|Energy goods||51 672||22.1||519 319||13.1||-4.4|
Find detailed figures from Turnover in oil and gas, manufacturing, mining and electricity supply