Turnover in oil and gas, manufacturing, mining and electricity supply, October 2008

Total turnover in the domestic market was unchanged compared to the previous three-month period, while it declined by 3.1 per cent in the export market.

Continued growth in turnover in capital goods

Seasonally adjusted figures show that the turnover of capital goods increased by 6.9 per cent from August to October 2008 compared to the previous three-month period. This is explained by large deliveries in machinery and equipment and transport equipment. Turnover in the domestic market rose by 8.5 per cent, while export turnover fell by 2.6 per cent.

The turnover of intermediate goods increased by 1.9 per cent in the same period. Export turnover rose by 3.9 per cent and the main contributor to this growth was basic chemicals. The upturn in basic chemicals is partly explained by an increase in output (see Index of production ).

Consumer goods turnover rose by 2.8 per cent. Domestic turnover increased by 1.8 per cent, while exports rose by 5.0 per cent. Food, beverages and tobacco products contributed most to the growth in consumer goods turnover. This development is due to both higher output and higher prices (see Producer price index .)

Drop in turnover from September to October 2008

Total turnover fell by 8.3 per cent from September to October this year. Capital goods fell by 10.7 per cent, while intermediate goods and consumer goods decreased by 5.6 and 1.7 per cent respectively.

Growth compared to October 2007

Unadjusted figures show an increase in total turnover of 7.4 per cent in October 2008 compared to October 2007. Capital goods experienced the largest increase, with 23.0 per cent growth in turnover. Intermediate goods turnover increased by 3.9 per cent, while consumer goods turnover rose by 5.1 per cent.