This is an archived release.
Retail sales industries invest more
Retail sales industries invested 28 per cent more in the first quarter of 2011 than the same period in the previous year. The investments in machines and inventory contributed most to the growth.
These investments rose by 33 per cent from the first quarter of 2010 to the first quarter of 2011. The investment in cars and other means of transport and in new buildings and renovation increased by 26 and 19 per cent respectively in the same period.
|Final Investments 2009||Final Investments 2010||Change in per cent 2009-2010||Final Investments Q1 2010||Final Investments Q4 2010||Final Investments Q1 2011||Change in per cent||Estimated Investments Q2 2011|
|Q4 20110-Q1 2011||Q1 2010-Q1 2011|
|Investments in retail trade, except of motor vehicles, motorcycles and automotive fuel||83.1||85.3||2.6||64.8||124.5||83.0||-33.3||28.1||76.3|
|Investments in machines and inventory||97.9||100.6||2.8||71.3||144.5||94.7||-34.5||32.8|
|Investments in motor vehicles and other means of transport||72.8||67.5||-7.2||62.6||107.6||79.0||-26.6||26.2|
|Investments in new buildings and renovation||61.5||64.7||5.2||55.1||96.8||65.8||-32.0||19.4|
About the industry
The retail sales industry, excluding motor vehicles and motorcycles, but including repair of personal and household goods, had a turnover of approximately NOK 381 billion in 2008. The number of persons employed was scarcely 215 000, while the number of establishments was well over 38 500, according to previously published figures from Statistics Norway's structural statistics for wholesale and retail trade for 2005. Net investments for this industry group amounted to NOK 5.9 billion in 2008.
Statistics Norway receives investment data in NOK sums from a sample of about 10 000 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.