This is an archived release.
Strongest growth in capital goods
Seasonally adjusted figures show an increase of 5.2 per cent in turnover for Norwegian manufacturing in the period March to Mai compared with the previous three months. Capital goods showed the strongest growth.
The turnover for manufacturing has shown growth both in the domestic and export market. The increase in the domestic market is 6.9 per cent while export market shows a growth of 3.8 per cent
A good period for producers of capital goods
According to seasonally adjusted figures, turnover in all main industrial groupings increased in the last three-month period, except consumer goods. The strongest growth was shown by capital goods with an increase of 9.2 per cent. This growth could be attributed to increased turnover and high level of activity within transport equipment, oil platforms and modules. Moreover, completion of some large projects within these groups could be behind the growth in the turnover for capital goods.
Energy goods rose by 3.2 per cent. That was mainly caused by a rise in the domestic market. Intermediate goods rose by 2.1 per cent, whereas consumer goods fell by 1.5 per cent as compared with the previous three months. This fall in consumer goods is, to some extent, due to a decline in turnover in the largest industry within consumer goods, food products, beverage and tobacco in the same period.
Increase in turnover from April to May 2007
Seasonally adjusted figures show that capital goods experienced an increase of 4.1 per cent in turnover from April to Mai 2007 after a substantial fall from March to April. The change in energy goods was positive with an increase of 1.3 per cent; mainly caused by upswing in domestic market. Consumer goods show a decrease in turnover of 1.2 per cent, whereas there has been no change in turnover for intermediate goods since the last month.
|Statistics on turnover of oil and gas extraction, mining and quarrying, manufacturing, electricity and gas supply. May 2007|
|Original series1January-May 2007||Changes in per cent January-May 2006-January-May 2007||Original series1May 2007||Changes in per cent May 2006-May 2007||Changes in per cent. Seasonally adjusted. December 2006-February 2007-March 2007-May 2007|
|The overall turnover||597 794||1.7||123 507||2.8||2.8|
|Oil and gas extraction||228 181||-2.2||46 803||-1.3||1.5|
|Manufacturing||330 867||18.0||70 201||15.3||5.2|
|Domestic market||203 374||19.3||44 618||14.8||6.9|
|Export market||127 493||16.1||25 583||16.1||3.8|
|Electricity, gas and steam supply||34 256||-50.7||5 507||-48.8||-11.3|
|Main industrial groupings|
|Intermediate goods||126 473||22.4||27 338||19.4||2.1|
|Capital goods||96 391||22.7||20 348||17.3||9.2|
|Consumer goods||83 325||9.1||17 218||3.8||-1.5|
|Energy goods||291 606||-11.4||58 603||-7.5||3.2|
Find detailed figures from Turnover in oil and gas, manufacturing, mining and electricity supply