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This is an archived release.
Less new orders from export markets
The order-based industry experienced a moderate decline in new orders throughout the second quarter of 2002. This was due to lack of demand from the domestic market. Total demand from the export market was significantly lower than in the corresponding quarter of 2001.
Recorded figures for the second quarter 2002 show a moderate decline in new orders. Total demand from the home market was down 17 per cent compared with the first quarter, but due to some large projects within the industry Oil Platforms and Modules it was still 9 per cent higher than in the corresponding quarter of 2001. The supply of new orders from the export market was down 12 per cent compared with the second quarter of 2001. This has to be seen in conjunction with the strong Norwegian currency.
After a long period of fairly stable development the total stock of orders experienced a decline throughout the second quarter of 2002 and was down 12 per cent compared with the corresponding quarter last year. This was mostly due to the decline in new orders from the export markets.
Change in value for new orders received and unfilled orders. Per cent |
Industrial Classification | New orders received (trend)1 | Unfilled orders (original series) | |||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
4. q. 01 - 1. q. 02 | 1. q. 02 - 2. q. 02 | 2. q. 01 - 2. q. 02 | |||||||||||||||||||||||||||||||||||||
Total | -0.0 | 2.4 | -12.1 | ||||||||||||||||||||||||||||||||||||
Basic Chemicals | -17,5 | -6.2 | -3.3 | ||||||||||||||||||||||||||||||||||||
Basic Metals | -13.4 | -3.2 | -3.6 | ||||||||||||||||||||||||||||||||||||
Machinery and Equipment | -15.9 | -10.8 | -17.8 | ||||||||||||||||||||||||||||||||||||
Oil Platforms and Modules | 82.4 | 46.4 | 31.5 | ||||||||||||||||||||||||||||||||||||
1 | Estimated annual changes in trend series, based on change in percentage from previous quarter. |
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