Turnover in oil and gas, manufacturing, mining and electricity supply, June 2002

In spite of the increase in June, total turnover in manufacturing fell with 0.9 percent the first six months this year compared to the same period last year, amounting to NOK 258.7 billion. Turnover in the extraction of oil and gas was NOK 206.9 billion in the first six months of 2002.

Slight change for intermediate goods

The turnover in intermediate goods (pulp, paper and paper products, chemicals and chemical products, basic metals and metal products) declined with 0.1 percent from May to June this year, according to seasonally adjusted figures. The turnover has been stable the last few months, with a decrease of 0.7 percent from the first to the second quarter this year. There are on the other hand large differences between the industries. Exporting industries (manufacture of pulp and paper, basic chemicals, basic metals) have experienced a decreasing turnover the last quarters, but are now showing signs of leveling.

Improvement for capital goods

The turnover in capital goods (fabricated metals, machinery and equipment, transport equipment, oil-platforms and modules a.o.) had an increase of 4.9 percent from May to June this year, according to seasonally adjusted figures. This increase is largely due to a growth in the turnover in machinery and equipment. There has also been an increase in turnover for oil-platforms and modules. In the first six months of 2002 the growth in turnover for capital goods was 8.1 percent compared to the same period last year, with a total turnover of NOK 64.5 billion. The largest contribution to the NOK 4.9 billion turnover increase is the manufacture of motor vehicles and machinery and equipment, with NOK 2.8 billion and NOK 1.0 billion respectively.

Strong increase for consumer goods

From May to June the turnover in consumer goods grew with 4.5 percent after a two-month decline, according to seasonally adjusted figures. This effect is largely due to an increase in the turnover of food products. Except for April and May the turnover of consumer goods has had a strong increase this year, with a total turnover of NOK 72 billion in the first six months. This is a 9.0 percent growth compared to the same period in 2001.