Index of industrial production, May 2008

The capital goods output went up by 5.2 per cent in this last period. This was due to a further growth in output in oil platforms, machinery and equipment as well as transport equipment. The output in electrical and optical equipment has also increased in this last period. The positive development within capital goods output continued due to the favourable order situation .

Intermediate and consumer goods output

There was a 4.8 per cent higher output of intermediate goods in March to May this year compared with the previous three-month period, according to seasonally adjusted figures. The output in basic chemicals and other non-metallic mineral products as well as in basic metals has contributed to this upturn. This development is partly due to a growth in the Norwegian solar energy industry and the production of intermediate goods for use in this industry.

Consumer goods output went down 1.4 per cent compared with the previous three months. Foods products saw a small increase, while publishing, printing and reproduction had a drop in the production.

Decline from April to May 2008

According to seasonally adjusted figures the manufacturing output dropped by 0.7 per cent from April to May 2008. The output in consumer goods decreased, while the production in capital and inter-mediate goods increased.

Growth since May 2007

The output in Norwegian manufacturing increased by 5.6 per cent from May last year to May 2008, according to working-day adjusted figures. Output of capital goods output had a 15.1 per cent increase, while the production in consumer goods went down by 5.3 per cent.

Norway and the euro area

According to working-day adjusted figures there was a 7.5 per cent increase in Norwegian manufacturing output from April 2007 to April 2008. Industrial production in the euro area rose by 4.5 per cent in the same period, according to figures published by Eurostat .

Tables

Published tables