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24125
Decline in manufacturing
statistikk
2002-10-07T10:00:00.000Z
Energy and manufacturing;National accounts and business cycles;Energy and manufacturing
en
pii, Index of industrial production, industrial production, volume indicator, intermediate goods, capital goods, consumer goods, energy goodsEnergy , Oil and gas , Business cycles , Manufacturing, mining and quarrying , National accounts and business cycles, Energy and manufacturing
false

Index of industrial productionAugust 2002

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Decline in manufacturing

The manufacturing output has decreased by 1.1 per cent from July to August 2002, according to seasonally adjusted figures. This is mainly caused by the decline in capital and consumer goods, while intermediate goods experienced a slight increase.

According to seasonally adjusted figures production of consumer goods had a 1.3 per cent decrease from July to August, mainly caused by a strong decrease in the manufacture of food and beverages. During the first eight months total production of consumer goods has experienced a slight decrease compared with the same period last year, according to weekly adjusted figures.

Decreased production for intermediate and capital goods

The production of intermediate goods (pulp, paper and paper products, chemicals and chemical products, basic metals and metal products) experienced an increase of 0.5 per cent from July to August, following the strong decrease in July. The strongest contribution comes from the manufacture of rubber and plastic products and pulp, paper and paper products. Despite the increase in August the production of intermediate goods declined during the first eight months compared with the same period last year.

Manufacturing of capital goods (fabricated metals, machinery and equipment, motor vehicles, oil-platforms a.o.) had a 1.8 per cent decrease in production from July to August, according to seasonally adjusted figures, mainly caused by a significant drop in the manufacture of machinery and electrical and optical equipment, while production of oil platforms had an increase. The manufacturing output for capital goods has had an increase of 1.8 per cent during the first eight months compared with the same months last year, according to weekly adjusted figures.

Monthly Index of production. August 2002. Changes in per cent
  Adjusted to the length of month1 Seasonally adjusted
  Aug. 2001-Aug. 2002 Jan. 2001-Aug. 2001 - Jan. 2002-Aug. 2002 Jul. 2002-Aug. 2002 Last three months
The overall index 1.5 1.8 -0.4 1.0
         
Oil and Gas Extraction 1.8 2.9 - -
Manufacturing -0.2 -0.1 -1.1 1.3
Electricity, Gas and Steam Supply 28.0 8.6 -2.1 9.8
         
Main industrial groupings        
Intermediate goods 1.3 -1.5 0.5 1.9
Capital goods 1.2 1.8 -1.8 2.0
Consumer goods -2.0 -0.5 -1.3 1.6
Energy goods 4.3 3.6 -0.1 0.6
1  Recalculated to standard month and adjusted for different number of working days per week.