This is an archived release.
Decrease in turnover
Seasonally adjusted figures show a 1.6 per cent decrease in turnover for Norwegian manufacturing in the period July to September compared to the previous three-month period. Turnover in the domestic market rose by 0.8 per cent, while turnover in the export market fell by 7.3 per cent.
The fall in turnover in the export market is related to the negative price development for some industrial groupings with large export shares, such as the chemical industry, machinery, electrical equipment and metals. For more information on price developments in the manufacturing industry, see Producer price index .
Continued high turnover for Norwegian manufacturing
The turnover in the Norwegian manufacturing industries remains at a very high level in a historical perspective despite a moderate decline in seasonally adjusted figures in the last three-month period. Total turnover so far in 2007 amounts to NOK 585 billion according to unadjusted figures. This is an increase of 12.2 per cent compared to September last year. The domestic and export market contributed equally to this development.
The main industrial groupings capital goods and consumer goods showed an increase in turnover of 2.3 and 1.4 per cent respectively in the last three-month period according to seasonally adjusted figures. The turnover of intermediate goods showed a decrease in the same period.
Turnover of intermediate goods fell by 0.9 per cent in the last three month-period. This is due to a 2.8 per cent fall in turnover in the export market, mainly due to the fall in international metal prices.
The figures for turnover for Norwegian manufacturing have been updated with new information from March to August 2007. As a result, previously published data have been revised down.
Changes in per cent
Changes in per cent
Changes in per cent.
April 2007-June 2007-
July 2007-September 2007
|The overall turnover||1 053 654||-0.2||121 177||5.2||0.1|
|Oil and Gas Extraction||402 218||-3.6||46 255||11.6||0.5|
|Manufacturing||585 203||12.2||66 797||4.6||-1.6|
|Domestic Market||356 181||11.6||43 401||9.7||0.8|
|Export Market||229 022||13.2||23 396||-3.7||-7.3|
|Electricity, Gas and Steam Supply||57 309||-47.1||6 839||-21.5||12.3|
|Main industrial groupings|
|Intermediate goods||224 186||15.3||24 996||-||-0.9|
|Capital goods||166 865||14.7||19 497||8.3||2.3|
|Consumer goods||147 391||5.1||16 914||-0.2||1.4|
|Energy goods||515 211||-10.5||59 770||8.1||-0.2|
Find detailed figures from Turnover in oil and gas, manufacturing, mining and electricity supply