This is an archived release.
Continued decline in investments in retail sales
Retail sale industries invested 4.2 per cent less in the first quarter of 2009 than in the same period in the previous year.
While investments in new buildings and renovation went down by 20.2 per cent from the first quarter of 2008 to the first quarter of 2009, investments in machines and inventory were stable. In the same period, retail sale industries invested 16.8 per cent more in cars and other means of transport.
Expect decrease in the second quarter
Preliminary figures estimate investments in retail sales to be 20.5 per cent lower in the second quarter this year than in the second quarter last year. For the first two quarters this year, a 13.3 per cent decline in investments is expected from the same period last year.
|Final Investments 2007||Final Investments 2008||Change in per cent 2007-2008||Final Investments Q4 2007||Final Investments Q1 2008||Final Investments Q4 2008||Final Investments Q1 2009||Change in per cent||Estimated Investments Q2 2009|
|Q4 2008-Q1 2009||Q1 2008-Q1 2009|
|Investments in retail trade, except of motor vehicles, motorcycles and automotive fuel||106.4||109.2||2.6||126.9||93.3||124.0||89.4||-27.9||-4.2||92.9|
|Investments in machines and inventory||127.7||126.0||-1.4||159.3||109.5||145.2||110.9||-23.6||1.3|
|Investments in motor vehicles and other means of transport||104.7||83.2||-20.6||115.3||72.2||64.8||84.3||30.1||16.8|
|Investments in new buildings and renovation||73.7||87.1||18.1||78.4||71.4||100.3||57.0||-43.2||-20.2|
About the industry
The retail sales industry, excluding motor vehicles and motorcycles, but including repair of personal and household goods, had a turnover of NOK 322.7 billion in 2007. The number of persons employed was 199 633, while the number of establishments was 37 523, according to previously published figures from Statistics Norway’s structural statistics for wholesale and retail trade for 2007. Net investments for these establishments amounted to NOK 7.4 billion in 2007.
Statistics Norway receives investment data in NOK sums from a sample of about 10 300 establishments in the industry. The statistics only include investments that the establishments pay for themselves. Investments made by property companies that hire out premises are not included.
Important announcement: Transition to a new industry classification
A new version of the Standard Industrial Classification (SIC2007) was implemented in January 2009. The most important change for retail sales is that the petrol stations have become a part of the industry. The quarterly investment statistics for retail trade is, however, hardly affected by the changes since the petrol stations are, for the time being, not included in the statistics. For general information about the transition to the new Standard Industrial Classification click here