Content
Published:
This is an archived release.
Reduced stocks in manufacturing
Total stocks continued to decline in the fourth quarter of 2003. Stocks fell throughout the whole year – mainly attributable to a fall in new orders and lower production activity.
Total stocks have not been lower since the second quarter of 1996. The main contributors to the development in order-based manufacturing are the oil platforms and modules industry and the transport equipment industry, which both faced a decline in new orders in the first three quarters of 2003.
Stock level1 |
Industrial classification | Change in stock value | ||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
3. q. 2002-3. q. 2003 | 4. q. 2002-4. q. 2003 | ||||||||||||||||||||||||||||||||||||||
Total | -23.2 | -35.8 | |||||||||||||||||||||||||||||||||||||
Basic chemicals | 12.1 | 11.8 | |||||||||||||||||||||||||||||||||||||
Basic metals | 32.3 | 30.6 | |||||||||||||||||||||||||||||||||||||
Machinery and equipment | -9.9 | 9.3 | |||||||||||||||||||||||||||||||||||||
Oil platforms and modules | -56.8 | -68.9 | |||||||||||||||||||||||||||||||||||||
1 | Unadjusted value series. |
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