24077_not-searchable
/en/energi-og-industri/statistikker/pii/arkiv
24077
Significant drop last three months
statistikk
2003-04-07T10:00:00.000Z
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 production, February 2003

Content

Published:

This is an archived release.

Go to latest release

Significant drop last three months

The manufacturing output declined by over 3 per cent comparing the period from December to February with the three previous months, according to seasonally adjusted figures. This is related to a drop in the intermediate and capital goods output.

The output in intermediate goods has dropped by approximately 5 per cent. This is related to a weak performance in pulp, paper and paper products, basic chemicals and basic metal. Non-ferrous metals have had a better performance. Low economic growth internationally and impaired competitive strength for Norwegian establishments are important factors behind the drop in the intermediate goods output.

Capital goods output

Oil platforms and modules, transport equipment and electrical and optical equipments have contributed to the drop in capital goods output during the last three months. Oil investments went down during the last year and there has been a weak demand from mainland Norway related to transport equipments. Low economic growth internationally has contributed to the downturn in electrical and optical equipments.

February 2003

The manufacturing output has dropped almost 4 per cent since February 2002, according to weekly- adjusted figures. This is related to a drop in the consumer and the intermediate goods output. Electrical and optical equipments and basic chemicals have had the most significant negative contributions to these changes.

Monthly Index of production. February 2003. Changes in per cent
  Adjusted to the length of month1 Seasonally adjusted
  February 2002-February 2003 January 2002-February 2002 - January 2003-February 2003 January 2003-February 2003 Last three months
The overall index -6.0 -5.3 0.1 -2.4
         
Oil and Gas Extraction -7.3 -4.9 -0.9 0.3
Manufacturing -3.6 -4.2 0.4 -3.2
Electricity, Gas and Steam Supply -13.5 -15.4 7.0 -16.9
         
Main industrial groupings        
Intermediate goods -4.3 -4.9 2.4 -4.8
Capital goods -2.1 -1.0 -0.6 -2.1
Consumer goods -4.7 -6.5 -0.1 -1.9
Energy goods -7.7 -5.9 -0.3 -0.5
1  Recalculated to standard month and adjusted for different number of working days per week.