24389_not-searchable
/en/energi-og-industri/statistikker/pii/arkiv
24389
Reduced capital goods output
statistikk
2000-04-07T10:00:00.000Z
Energy and manufacturing;National accounts and business cycles;Energy and manufacturing
en
pii, Index of industrial production, industrial production, volume indicator, intermediate goods, capital goods, consumer goods, energy goodsEnergy , Oil and gas , Business cycles , Manufacturing, mining and quarrying , National accounts and business cycles, Energy and manufacturing
false

Index of industrial production, February 2000

Content

Published:

This is an archived release.

Go to latest release

Reduced capital goods output

According to weekly-adjusted figures the manufacturing output was 2.7 per cent lower in February than in February 1999. A decline in capital goods output is mainly due to a reduction in the investment activity in the North Sea.

Among sectors producing capital goods, the largest negative growth is recorded in the fabricated metal products, the machinery- and the transport equipment sector. The outlook for the coming months seem somewhat more positive due to increases in new orders from the domestic markets.

The output in engineering industry except the oil platforms was in February 2000 still about 10 per cent lower than last year. This is mainly explained by the last year decline in the North Sea field construction investments. Although a set backs in demand the activity in the oil platform sector has improved somewhat during the last months.

Increasing demand in traditional goods

During the autumn last year, an increase in the export of traditional goods clearly contributed to the positive development for some manufacturing sectors. The production of aluminium rose by about 2 per cent in this period and was 4.8 per cent up in February when compared with February last year.

Monthly Index of production. February 2000. Changes in per cent
  Adjusted to the length of month1 Seasonally adjusted
  Feb. 1999-
Feb. 2000 		Dec. 1998-Feb. 1999-
Dec. 1999-Feb. 2000 		Jan. 1999-
Feb. 2000 		Last three months
The overall index 2,5 4,4 0,3 3,6
         
Oil and Gas Extraction 6,4 7,4 4,1 4,2
Manufacturing -2,7 -1,6 -0,7 0,3
Electricity, Gas and Steam Supply 11,0 12,7 1,8 12,7
         
Main industrial groupings        
Intermediate goods -2,8 -0,2 -2,4 0,7
Capital goods -5,8 -6,0 -0,8 -1,4
Consumer goods 0,0 0,5 1,3 0,8
Energy goods 5,9 7,2 3,9 4,6
1  Recalculated to standard month and adjusted for different number of working days per week.