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23953
Increase in manufacturing
statistikk
2004-08-06T10:00:00.000Z
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, June 2004

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Increase in manufacturing

Seasonally adjusted figures show an increase of 1.3 per cent in Norwegian manufacturing in the second quarter when compared with the first quarter this year. This is mainly due to positive figures within the production of intermediate and capital goods.

Production of intermediate goods increased by 2.5 per cent. A growth in production of wood and wooden products, pulp, paper and paper products and basic metals among others contributes to this rise.

Capital goods

The production of capital goods increased by 2.1 per cent during the same period. The improvement within production of oil platforms is a result of increased investments as well as a higher activity level within oil field development, both expansions of existing platforms, as well as those in the process of construction. Machinery and equipment n.e.c also increased their production in the second quarter.

Consumer goods

Whereas intermediate and capital goods show an increase in production, consumer goods experienced a decline in the last quarter compared to the previous. Non-durable consumer goods such as food, beverages and tobacco, experienced a decrease along with publishing, printing and reproduction, whereas durable goods such as Norwegian furniture, experienced an increase.

Monthly Index of production. June 2004. Changes in per cent
  Adjusted to the length of month1 Seasonally adjusted
  June 2003-June 2004 January-June 2003-
January-June 2004 		May-June 2004 January-March 2004-
April-June 2004
The overall index 10.4 4.5 6.1 1.7
         
Oil and Gas Extraction 13.5 3.1 7.3 2.0
Manufacturing 5.0 0.3 4.3 1.3
Electricity, Gas and Steam Supply -2.2 6.9 -1.6 -2.6
         
Main industrial groupings        
Intermediate goods 5.6 2.6 1.7 2.5
Capital goods 3.3 -4.4 3.1 2.1
Consumer goods 4.8 1.1 6.6 -1.7
Energy goods 11.7 3.2 6.1 1.5
1  Recalculated to standard month and adjusted for different number of working days per week.