Small decrease in manufacturing turnover
Energy and manufacturing;Energy and manufacturing
ogibkoms, Turnover in oil and gas, manufacturing, mining and electricity supply, industrial turnover, domestic market, export market, valueEnergy , Oil and gas , Manufacturing, mining and quarrying , Energy and manufacturing

Turnover in oil and gas, manufacturing, mining and electricity supplyOctober 2007



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Small decrease in manufacturing turnover

Turnover for Norwegian manufacturing had a decrease of 0.7 per cent in the period August to October compared to the previous three-month period, shows seasonally adjusted figures. The main reason behind this result is a decrease in the export marked.

Index of turnover for manufacturing January 1998 - October 2007, 1998=100

Seasonally adjusted figures show an increase of 4.5 per cent in industrial turnover in the domestic marked, while the export market had a fall of 8.2 per cent. This fall is due to a drop in prices 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 .

High turnover for Norwegian manufacturing in 2007

The turnover in the Norwegian manufacturing industries remains at a very high level in a historical perspective despite the moderate decline in seasonally adjusted figures in the last three-month period. Total turnover so far in 2007 amounts to NOK 657 billion according to unadjusted figures. This is an increase of 11.3 per cent compared to October last year. The domestic and export market have contributed equally to this development.

The main industrial groupings capital goods and consumer goods showed an increase in turnover of 1.1 and 3.0 per cent respectively in the last three-month period, according to seasonally adjusted figures. The rise in turnover of consumer goods can be explained by an increase of 9.6 per cent in the foods productsgrouping in the domestic marked in this period.

The decrease for intermediate goods continues

Turnover of intermediate goods fell by 1.2 per cent in the last three month-period. This is due to a 6.7 per cent fall in turnover in the export market, mainly due to the fall in international metal prices.

Statistics on turnover of oil and gas extraction, mining and quarrying, manufacturing, electricity and gas supply. October 2007
  Original series1
   January-October 2007
Changes in per cent
   January-October 2006-
January-October 2007
   Original series1
October 2007
   Changes in per cent
October 2006-
October 2007
   Changes in per cent.
Seasonally adjusted.
May 2007-July 2007-
   August 2007-October 2007
The overall turnover 1 185 097 0.3  131 096 4.7 4.3
Oil and Gas Extraction  451 354 -2.5 49 136 7.5 6.6
Manufacturing  657 340 11.3 71 829 4.3 -0.7
Domestic Market  400 050 10.6 44 037 4.1 4.5
Export Market  257 290 12.4 27 792 4.7 -8.2
Electricity, Gas and Steam Supply 66 097 -44.0 8 752 -8.6 21.1
Main industrial groupings          
Intermediate goods  252 092 14.2 27 874 5.9 -1.2
Capital goods  186 283 12.6 19 408 -2.5 1.1
Consumer goods  166 992 4.9 19 332 2.0 3.0
Energy goods  579 729 -8.8 64 482 7.4 6.2
1  NOK million.