Slight drop 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 supplyMarch 2005



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Slight drop in manufacturing

According to seasonally adjusted figures the total turnover in manufacturing dropped by 2.6 per cent in the first quarter of 2005, compared with the fourth quarter in 2004. Capital- and consumer goods experienced a decline, while intermediate- and energy goods increased slightly.

Turnover within Norwegian Oil- and Gas extraction came to NOK 117 billion in the first quarter of 2005, up 4.5 per cent compared with the fourth quarter last year. According to the External merchandise trade statistics, the average price for oil in March 2005 was a record high NOK 329. In spite of a decline in production, this record-breaking price gives an overall upturn in the total turnover within this sector.

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

Increase in intermediate goods

The turnover within intermediate goods rose by 2.1 per cent the first quarter compared with the previous quarter. Other non-metallic mineral products increased by 6.6 per cent, while wood and wood products grew by 2.5 per cent. Refined petroleum products, chemicals and chemicals products and basic chemicals declined their turnover this quarter.

Increase in capital goods

Within capital goods the turnover went down by 2 per cent compared with the previous quarter. Fabricated metal products and machinery and equipment increased, while electrical and optical equipment decreased this quarter.

Consumer goods up

Consumer goods decreased by 3 per cent in the first quarter of 2005 compared with the last quarter in 2004. The largest drop can be seen within food and food products followed by furniture and recycling, while textiles, wearing apparel and leather went up.

Statistics on turnover of oil and gas extraction, mining and quarrying, manufacturing, electricity and gas supply. March 2005
  Original series1March 2005 Changes in per cent March 2004-March 2005 Original series1January-March 2005 Changes in per cent January-March 2004-January-March 2005 Changes in per cent. Seasonally adjusted. October-December 2004-January-March 2005
The overall turnover  100 326 11.2  274 458 7.6 1.1
Oil and Gas Extraction 43 936 36.3  117 053 21.5 4.5
Manufacturing 45 353 -6.9  125 933 -0.8 -2.6
Electricity, Gas and Steam Supply 10 255 19.1 29 404 -2.3 -3.4
Main industrial groupings          
Intermediate goods 16 758 -9.7 48 717 -0.3 2.1
Capital goods 10 781 -3.5 27 841 2.0 -2.0
Consumer goods 14 398 -14.0 40 500 -9.0 -3.0
Energy goods 58 389 33.4  157 401 17.0 3.7
1  NOK million.