Index of industrial production, July 2008

The capital goods output went up by 6.4 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 positive development within capital goods output continued is due to the high stocks in manufacturing.

Increase in intermediate goods output

The output of intermediate goods grew by 2.0 per cent in May to July 2008 compared with February to April this year. The production of basic chemicals and basic metals has contributed to this expansion. However, pulpp, paper and paper products and wood and wood products have seen a drop in the output during this last period.

Consumer goods output decreased by 3.5 per cent in May to July 2008 compared with the previous three months. Food products had a fall in the production, while the output in publishing, printing and reproduction rose.

Unchanged from June to July 2008

According to seasonally adjusted figures, manufacturing output was almost unchanged from June to July this year. The output of capital goods has seen a further increase, while the production of intermediate and consumer goods was slightly reduced from June to July 2008.

Growth since July 2007

The output in Norwegian manufacturing increased by 3.7 per cent from July last year to July this year, according to working-day adjusted figures. Capital goods output expanded by 19.0 per cent during this period, while the production of consumer goods went down by 4.8 per cent.

Norway and the euro area

There was a 4.7 per cent growth in Norwegian manufacturing output from June 2007 to June 2008, according to working-day adjusted figures. Industrial production in the euro area dropped by 0.8 per cent in the same period, according to figures published by Eurostat .

Tables

Published tables