This is an archived release.
Increased manufacturing in 2004
Total turnover for Norwegian manufacturing amounted to approximately NOK 540 billion in 2004. This is an increase of 5. 9 per cent compared to 2003. Within the main industrial groupings, only capital goods experienced a decline.
Turnover within Norwegian oil and gas extraction sector was close to NOK 425 billion in 2004, a 20.4 per cent growth compared to 2003. This is mainly due to the high prices on crude oil in 2004. According to external trade figures the average price on crude oil was NOK 257 in 2004 and NOK 206 in 2003.
2004 has been a year with growth in output and the capacity utilisation within the concerning sectors. This development has contributed to the steep growth of 15.2 per cent compared to 2003. Seasonally adjusted monthly figures from November to December 2004 were negative. Figures for refined petroleum products, chemicals and chemical products as well as basic metals had a negative impact on the overall figures for this particular industrial grouping.
Within the four main industrial groupings, only capital goods show negative figures when compared to 2003. This decline in turnover is mainly due to a decrease of more than 20 per cent in the production of transport equipment. The decline can also be seen when comparing December 2004 with November. Almost all industries within capital goods contribute to this fall in turnover. Again, with transport equipment leading way, declining a whole 14,9 per cent.
The largest contributor within this main industrial grouping, food products, beverages, tobacco, show an increase of 1.5 per cent when compared to 2003. Even publishing, printing and reproduction is a contributor to the positive development, where consumer goods ended with an increase of 3 per cent overall when compared to 2003.
|Statistics on turnover of oil and gas extraction, mining and quarrying, manufacturing, electricity and gas supply. December 2004|
|Original series January-December 2004. NOK million||Changes in per cent January-December 2003-January-December 2004||Original series December 2004. NOK million||Changes in per cent December 2003-December 2004||Seasonally adjusted changes in per cent November-December 2004|
|The overall turnover||1 080 396||9.1||95 031||7.8||-6.0|
|Oil and Gas Extraction||424 647||20.4||35 464||5.7||-12.3|
|Manufacturing||538 210||5.9||46 575||8.2||-2.0|
|Electricity, Gas and Steam Supply||107 359||-13.1||12 278||11.6||5.2|
|Main industrial groupings|
|Intermediate goods||204 810||15.2||15 675||14.5||-3.1|
|Capital goods||123 288||-5.3||13 055||0.0||-3.1|
|Consumer goods||181 755||3.0||15 101||5.2||1.1|
|Energy goods||570 519||12.7||51 200||8.9||-14.3|
Find detailed figures from Turnover in oil and gas, manufacturing, mining and electricity supply