Index of industrial production, November 2008

Production of intermediate goods fell by 3.5 per cent during the same period. Production declined in all sectors except basic chemicals. The drop in output can be partly explained by a fall in total building activity in Norway.

Small change in capital goods

Output in capital goods fell by 0.2 per cent in September to November 2008 compared to May to July 2008 after a long period of growth. Transport equipment contributes the most to this development.

Durable and non-durable consumer goods

Production of consumer goods increased by 2.6 per cent in September to November 2008 compared to June to August 2008. Durable consumer goods fell by 1.8 per cent while non-durable consumer goods output went up by 3.6 per cent. Output in food products, beverages and tobacco was the main contributor to the increase in non-durable consumer goods.

Decreasing output from October to November 2008

According to seasonally adjusted figures, manufacturing output fell by 0.8 per cent from October to November 2008. Output in intermediate goods fell by 2.5 per cent, while capital goods output fell by 0.5 per cent. Production of consumer goods fell by 0.8 per cent.

Moderate growth since November 2007

The output in Norwegian manufacturing increased by 0.2 per cent from November 2007 to November 2008, according to working-day adjusted figures. Capital goods output rose by 10.6 per cent during this period, while intermediate goods and consumer goods fell by 5.9 and 2.5 per cent respectively.

Norway and the Euro area

There was a 1.0 per cent growth in Norwegian manufacturing output from October 2007 to October 2008, according to working-day adjusted figures. Industrial production in the Euro area dropped by 6.0 per cent in the same period according to figures published by Eurostat .

Tables

Published tables