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

Turnover within intermediate goods increased by 41.9 per cent from 2005 to 2006, and hereby the major contributor to the rise in turnover within Norwegian manufacturing. Especially machinery and equipment n.e.c., oil platforms and transport equipment contribute to this rise. According to seasonally adjusted figures, there was a continuous increase in turnover for oil platforms and transport equipment from 3^{r d} to 4^{t h} quarter in 2006. Machinery and equipment n.e.c., however, experienced a slight decrease of 1.4 per cent within the same period.

Capital goods up 20.6 per cent

The main contributor to the rise in turnover for capital goods is found within manufacturing of basic metals, where for instance non-ferrous metals increased by 42.7 per cent from 2005 to 2006. According to seasonally adjusted figures, all divisions within this particular main industrial grouping experienced increase in turnover from 3^{r d} to 4^{t h} quarter of 2006. Non-ferrous metal is noticeable even here with the largest growth in the same period, with an increase of 18.4 per cent.

Consumer goods up 12.4 per cent

Manufacturing of food products, beverages, tobacco is by far the largest within this main industrial grouping. With an annual turnover of NOK 138 billion in 2006, this gives an increase of 17 per cent from 2005. Seasonally adjusted figures show an increase of 3.9 per cent from 3^{r d} to 4^{t h} quarter for food products, beverages, tobacco.

Even durable consumer goods experienced a rise in turnover. Durable consumer goods increased by 7.5 per cent from 2005 to 2006. Furthermore, the seasonally adjusted figures show an increase of 3.8 per cent from 3^{r d}. to 4^{t h} quarter of 2006.

Major increase in turnover for Norwegian oil and gas extraction

Turnover within Norwegian oil and gas extraction amounted to just below NOK 550 billion in 2006, an increase of 18.1 per cent from 2005. A decrease, however, is obvious from 3^{r d} to 4^{t h} quarter of 2006, which was mainly due to the fall in the prices on crude oil in the 4^{t h} quarter of 2006. Although prices on crude oil still kept a higher level than the 4^{t h} quarter of 2005, prices achieved in both the 2^{n d} and 3^{r d} quarter of 2006 contribute to most of the growth in 2006 as a whole. For more information on prices on crude oil, please continue to External trade figures .