Capital goods behind growth in 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 supplyApril 2008



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Capital goods behind growth in turnover

Total turnover in Norwegian manufacturing rose by 3.6 per cent from February to April compared to the previous three-month period. Capital goods had the strongest growth in turnover in this period.

Index of turnover for manufacturing January 1999 - April 2008, 1998=100

According to seasonally adjusted figures, the total turnover rose by 7.2 per cent in the domestic market and 2.5 per cent in the export market from February to April compared with the previous three-month period. The growth in industrial turnover is related to the positive price development in the Norwegian manufacturing industry. For more information on price developments in the manufacturing industry, see the Producer price index . There has also been an increase in the seasonally adjusted volume by 2.6 per cent according the Index of production .

High turnover for producers of capital goods

Producers of capital goods achieved positive turnover figures from February to April compared with the previous three-month period. Seasonally adjusted figures showed a total increase of 9.4 per cent for this main industrial grouping and 12.5 per cent in the domestic market. The strong results within capital goods were due to good performance in machinery and equipment n.e.c, which rose by 5.9 per cent, transport equipment which rose by 15.9 per cent. The total turnover for oil platforms rose by 20.3 per cent and 22.5 per cent in the domestic market. The latter was mainly due to deliveries of large projects in the domestic market. The same applies to transport equipment, where turnover in the domestic market rose by 23.3 per cent.

The turnover of intermediate goods rose by a modest 1.7 per cent in the same period. Industries with positive results include rubber and plastics products, wood and wood products and other non-metallic mineral products. Refined petroleum products and chemicals and basic metals, on the other hand, experienced a drop in turnover.

The total turnover of consumer goods decreased by 0.9 per cent, mainly due to a 7.0 per cent drop in export turnover of food products, beverages and tobacco.

Statistics on turnover of oil and gas extraction, mining and quarrying, manufacturing, electricity and gas supply. April 2008
  Original series.1
January-April 2008
Changes in per cent.
January-April 2007-
January-April 2008
Original series.1
April 2008
Changes in per cent.
April 2007-
April 2008
Changes in per cent. Seasonally adjusted.
November 2007-January 2008-
February 2008-April 2008
The overall turnover  541 508 15.1  140 879 22.1 2.6
Oil and Gas Extraction  223 087 23.3 57 933 22.3 6.1
Manufacturing  274 051 6.5 73 181 20.2 3.6
Hjemmemarked  162 481 4.5 43 458 20.1 7.2
Eksportmarked  111 570 9.5 29 723 20.2 -2.5
Electricity, Gas and Steam Supply 40 825 42.0 8 721 41.2 -12.0
Main industrial groupings          
Intermediate goods  100 446 1.8 27 716 18.8 1.7
Capital goods 81 600 11.0 21 944 28.8 9.4
Consumer goods 67 433 2.5 17 878 20.5 -0.9
Energy goods  292 029 25.5 73 340 22.0 2.8
1  NOK million.