This is an archived release.
Decrease in manufacturing
Seasonally adjusted figures show that the average turnover in Norwegian manufacturing in the past three months decreased by 2.1 per cent compared with the previous three-month period. The figures for intermediate and consumer goods are negative, whereas the figures for capital goods are positive.
The turnover in Norwegian oil and gas extraction came to NOK 45 billion in May 2005, up 35 per cent compared with the same period in 2004. According to external trade figures, the average price of oil was NOK 306 per barrel in May 2005 compared with NOK 258 in May last year.
Slight decline for intermediate goods
There has been a negative development in the production of intermediate goods compared with the previous three-month period. This is mainly due to a fall in the turnover of basic chemicals, accompanied by a decline for pulp, paper and paper products and basic metals (excluding non-ferrous metals). It is worth mentioning that there was an increase in turnover of both basic metals and basic chemicals from April to May this year.
Increase for capital goods
Compared with the previous three-month period, there has been a rise in the turnover of capital goods. Most sectors, apart from transport equipment and electrical and optical equipment, show an increase during the period. Oil platforms and modules experienced the greatest increase within this particular grouping. There was also an increase in the turnover of capital goods from April to May, mainly due to fabricated metals and electrical and optical equipment.
Consumer goods down
The turnover of consumer goods had a negative effect on the total turnover in Norwegian manufacturing in the last three-month period. This is mainly due to poor figures for food products and publishing, printing and reproduction. The poor figures also manifest themselves from April to May.
|Statistics on turnover of oil and gas extraction, mining and quarrying, manufacturing, electricity and gas supply. May 2005|
|Original series1May 2005||Changes in per cent May 2004- May 2005||Original series1January-May 2005||Changes in per cent January-May 2004 - January-May 2005||Changes in per cent. Seasonally adjusted. December 2004-February 2005-March 2005-May 2005|
|The overall turnover||99 591||20.1||473 946||12.1||10.8|
|Oil and Gas Extraction||44 649||35.0||205 056||25.4||20.8|
|Manufacturing||44 989||8.2||215 987||2.9||-2.1|
|Electricity, Gas and Steam Supply||9 097||20.5||49 097||6.6||26.4|
|Main industrial groupings|
|Intermediate goods||17 744||8.1||84 304||3.6||-0.6|
|Capital goods||10 788||11.0||49 472||4.7||2.4|
|Consumer goods||14 057||0.2||68 738||-4.8||-4.7|
|Energy goods||57 001||33.3||271 432||22.3||23.8|
Find detailed figures from Turnover in oil and gas, manufacturing, mining and electricity supply