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

Seasonally adjusted figures show an increase of 4.5 per cent in industrial turnover in the domestic marked, while the export market had a fall of 8.2 per cent. This fall is due to a drop in prices for some industrial groupings with large export shares, such as the chemical industry, machinery, electrical equipment and metals. For more information on price developments in the manufacturing industry, see Producer price index .

High turnover for Norwegian manufacturing in 2007

The turnover in the Norwegian manufacturing industries remains at a very high level in a historical perspective despite the moderate decline in seasonally adjusted figures in the last three-month period. Total turnover so far in 2007 amounts to NOK 657 billion according to unadjusted figures. This is an increase of 11.3 per cent compared to October last year. The domestic and export market have contributed equally to this development.

The main industrial groupings capital goods and consumer goods showed an increase in turnover of 1.1 and 3.0 per cent respectively in the last three-month period, according to seasonally adjusted figures. The rise in turnover of consumer goods can be explained by an increase of 9.6 per cent in the foods productsgrouping in the domestic marked in this period.

The decrease for intermediate goods continues

Turnover of intermediate goods fell by 1.2 per cent in the last three month-period. This is due to a 6.7 per cent fall in turnover in the export market, mainly due to the fall in international metal prices.