Turnover in oil and gas, manufacturing, mining and electricity supply, May 2007

The turnover for manufacturing has shown growth both in the domestic and export market. The increase in the domestic market is 6.9 per cent while export market shows a growth of 3.8 per cent

A good period for producers of capital goods

According to seasonally adjusted figures, turnover in all main industrial groupings increased in the last three-month period, except consumer goods. The strongest growth was shown by capital goods with an increase of 9.2 per cent. This growth could be attributed to increased turnover and high level of activity within transport equipment, oil platforms and modules. Moreover, completion of some large projects within these groups could be behind the growth in the turnover for capital goods.

Energy goods rose by 3.2 per cent. That was mainly caused by a rise in the domestic market. Intermediate goods rose by 2.1 per cent, whereas consumer goods fell by 1.5 per cent as compared with the previous three months. This fall in consumer goods is, to some extent, due to a decline in turnover in the largest industry within consumer goods, food products, beverage and tobacco in the same period.

Increase in turnover from April to May 2007

Seasonally adjusted figures show that capital goods experienced an increase of 4.1 per cent in turnover from April to Mai 2007 after a substantial fall from March to April. The change in energy goods was positive with an increase of 1.3 per cent; mainly caused by upswing in domestic market. Consumer goods show a decrease in turnover of 1.2 per cent, whereas there has been no change in turnover for intermediate goods since the last month.