Turnover in oil and gas, manufacturing, mining and electricity supply, June 2006

Energy goods had an increase of more than 30 per cent in the first six months of 2006, compared to the same period last year. Establishments within the Norwegian oil- and gas extraction cover about 80 per cent of the turnover of energy goods. It is the high price of crude oil (Brent Blend) that gives the turnover such a boost. The average price on crude oil is 35.4 per cent higher than the first half year of 2005.

Increase in all main industrial groupings

Capital goods had the strongest growth of all the main industrial groupings. An escalation in new orders from the home and export market leads to growth in the turnover of capital goods in 2006. Machinery and equipment, oil platforms and modules and transport equipment had the largest increase within the sector and contributed strongly to the rise.

The turnover within intermediate goods also went up the first six-month period in 2006. The strongest increase is found within refined petroleum products and chemicals and chemical products and in basic metals.

Consumer goods went up by 11 per cent in the first six months of 2006, compared to the same period last year. Food and food products had a positive development with a rise of 15.4 per cent. The rise was mainly due to an increase in the turnover of fish and fish products.