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24104
Moderate decline in manufacturing
statistikk
2003-01-08T10:00:00.000Z
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, November 2002

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Moderate decline in manufacturing

The manufacturing output for the period January to November 2002 has decreased by 0.4 per cent compared with the same period in 2001, according to weekly-adjusted figures. The industry production fell by 1.1 per cent from October to November this year, according to the seasonally adjusted figures.

There has been a 1.2 per cent decline in the consumer goods output for the period January to November 2002, compared with the same period in 2001, according to the weekly-adjusted figures. The decline was experienced for the output of both durable and non-durable consumer goods. Among the non-durable consumer goods, the production of food products and publishing, printing and reproduction has decreased. The reduction in the durable consumer output was mainly caused by a decrease in the production of furniture.

Monthly Index of production. November 2002. Changes in per cent
  Adjusted to the length of month1 Seasonally adjusted
  November 2001-November 2002 January 2001-November 2001-January 2002-November 2002 October 2002-November 2002 Last three months
The overall index -5.1 0.1 0.5 -3.0
         
Oil and Gas Extraction -6.9 -0.1 2.5 -3.9
Manufacturing -1.6 -0.4 -1.1 -1.9
Electricity, Gas and Steam Supply -6.4 9.3 -7.8 -2.2
         
Main industrial groupings        
Intermediate goods -0.8 -1.0 0.0 -1.6
Capital goods 1.6 1.7 -1.6 -0.5
Consumer goods -5.2 -1.2 -2.3 -3.9
Energy goods -7.6 0.8 1.2 -4.5
1  Recalculated to standard month and adjusted for different number of working days per week.

Increase in capital goods output

The capital goods output for the period January to November 2002 has experienced an increase of 1.7 per cent compared with the same period in 2001, according to the weekly-adjusted figures. This has occurred mainly because of the 9.2 per cent in the production of oil platforms and modules.

Consumer goods production decreased

The consumer goods output in the last 3 months has had a reduction of 3.9 per cent compared with the 3 months before, according to the seasonally adjusted figures. For the same period the durable consumer goods output has decreased by 6.0 per cent. This is partly caused by a reduction in the production of furniture and other manufacturing and recycling. The production of non-durable consumer goods has had a reduction of 3.6 per cent.