Further reduced stocks in industry
Total stocks in manufacturing were reduced by 2 per cent from the third quarter of 2010 to the fourth quarter of 2010, and by 9 per cent from the same quarter in 2009.
The release of statistics on stocks for the fourth quarter of 2010 is the final release for this survey, since user interest in these statistics has proven to be low. Consideration to the response burden for respondents, coupled with the late responses and low response rate for the combined reporting of order and stock figures for the industry have also played a large role in this decision. The quarterly order statistics will continue to be published as normal.
In fixed prices, total stocks in the Norwegian order-based industry were reduced in both finished goods by 4 per cent and unfinished goods by 1 per cent from the third quarter of 2010 to the fourth quarter of 2010. These figures may be a sign that higher demand due to the increased economic activity has resulted in a significant reduction of stocks of finished goods.
|Change from last quarter (per cent).|
3rd quarter 2010-4th quarter 2010
|Change from last year (per cent).|
4th quarter 2009-4th quarter 2010
4th quarter 2010
|Chemical and pharmaceutical industry||-0.6||21.6||100.6|
|Machinery and equipment||-6.8||-12.7||182.8|
|Ship, boats and oil platforms||1.4||-9.0||255.5|
correspond to products or parts of such products under construction. At a generally high activity level the stocks of unfinished goods will usually be at a higher level than at a lower activity level.
correspond to products that are made ready for further sale to customers. A weakened demand will lead to stocks of finished goods increasing if the production is not adjusted according to the demand. The opposite is the case with an increasing demand and where the production is not adjusted according to the demand.
The results in the tables have changed since the release of results for the Statistics on stocks in the fourth quarter of 2010. The tables now show the development from the previous quarter (unadjusted series) in addition to the development from the previous year (unadjusted).