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8154
Turnover still high in manufacturing
statistikk
2008-10-07T10:00:00.000Z
Energy and manufacturing;Energy and manufacturing
en
ogibkoms, Turnover in oil and gas, manufacturing, mining and electricity supply, industrial turnover, domestic market, export market, valueEnergy , Oil and gas , Manufacturing, mining and quarrying , Energy and manufacturing
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Turnover in oil and gas, manufacturing, mining and electricity supply, August 2008

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Turnover still high in manufacturing

Total turnover in Norwegian manufacturing was 4.3 per cent higher in June to August 2008 than in the previous three-month period, according to seasonally adjusted figures. The turnover of capital goods increased the most.

Total turnover rose by 5.8 percent in the domestic market and by 4.7 percent in the export market. The growth in total turnover is in part a result of price developments between the two periods March to May 2008 and June to August this year (see Producer price index ).

Index of turnover for manufacturing January 1999 - August 2008, 1998=100

Largest increase in turnover of capital goods

Seasonally adjusted figures show that the turnover of capital goods increased by 7.8 per cent from June to August this year compared with the previous three-month period. Turnover in the domestic market rose by 18.9 per cent, while turnover in the export market declined by 10.4 per cent. Machinery and equipment and transport equipment were the main contributors to increased turnover of capital goods.

Intermediate goods turnover went up by 2.5 per cent. Turnover in the domestic market increased by 2.2 per cent, while export turnover rose by 3.5 per cent. Refined petroleum products, chemicals and chemical products and basic chemicals had the largest increase in turnover. These groups of products have experienced price rise during the last three months, even though refined petroleum products, chemicals and chemical products had a price decline in August.

Consumer goods turnover grew by 0.8 per cent. Domestic turnover rose by 1.1 per cent, while export turnover dropped by 0.6 per cent. Food products contributed the most to the growth in consumer goods turnover.

Turnover decrease from July to August

Total turnover dropped by 0.7 per cent from July to August this year. The increase in turnover for the last three-month period is due to high turnover figures in June and July.

Growth since August 2007

Unadjusted figures show that total turnover rose by 4.5 per cent from august 2007 to august 2008. Capital goods experienced the largest increase with 11.2 per cent growth in turnover. Intermediate goods turnover went up by 3.9 per cent, while consumer goods turnover declined by 5.5 per cent.

Statistics on turnover of oil and gas extraction, mining and quarrying, manufacturing, electricity and gas supply. August 2008
  Original series.1
January-August 2008 		Changes in per cent.
January-August 2007-
January-August 2008 		Original series.1
August 2008 		Changes in per cent.
August 2007-
August 2008 		Changes in per cent.
Seasonally adjusted.
March 2008-May 2008-
June 2008-August 2008
The overall turnover 1 096 932 17.6  139 872 17.6 6.5
           
Oil and Gas Extraction  456 459 28.2 59 065 30.3 6.6
Manufacturing  559 983 8.0 70 176 4.5 4.3
Hjemmemarked  337 817 8.0 44 429 3.8 5.8
Eksportmarked  222 166 8.0 25 747 5.8 4.7
Electricity, Gas and Steam Supply 71 357 41.2 8 858 71.1 18.6
           
Main industrial groupings          
Intermediate goods  205 187 3.0 26 780 3.9 2.5
Capital goods  168 582 14.4 20 839 11.2 7.8
Consumer goods  131 557 0.8 16 182 -5.5 0.8
Energy goods  591 609 29.9 76 071 32.8 7.6
1  NOK million.