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2809
Continued decline in investments in retail sales
statistikk
2009-06-12T10:00:00.000Z
Wholesale and retail trade and service activities
en
detinv, Retail sales, investment statistics, value index, retail trade, retail outlets, investments, working capital, machinery and fixtures and fittings, vehicles, new buildings and renovationWholesale and retail trade , Wholesale and retail trade and service activities
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Retail sales, investment statistics, Q1 2009

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Continued decline in investments in retail sales

Retail sale industries invested 4.2 per cent less in the first quarter of 2009 than in the same period in the previous year.

Retail sales, investment statistics. Value index. 1st quarter 2005-1st quarter 2009. 2005=100

While investments in new buildings and renovation went down by 20.2 per cent from the first quarter of 2008 to the first quarter of 2009, investments in machines and inventory were stable. In the same period, retail sale industries invested 16.8 per cent more in cars and other means of transport.

Expect decrease in the second quarter

Preliminary figures estimate investments in retail sales to be 20.5 per cent lower in the second quarter this year than in the second quarter last year. For the first two quarters this year, a 13.3 per cent decline in investments is expected from the same period last year.

Final and estimated investments in retail sales. Value index. 2005=100
  Final Investments 2007 Final Investments 2008 Change in per cent 2007-2008 Final Investments Q4 2007 Final Investments Q1 2008 Final Investments Q4 2008 Final Investments Q1 2009 Change in per cent Estimated Investments Q2 2009
  Q4 2008-Q1 2009 Q1 2008-Q1 2009
Investments in retail trade, except of motor vehicles, motorcycles and automotive fuel   106.4   109.2 2.6   126.9 93.3   124.0 89.4 -27.9 -4.2 92.9
Investments in machines and inventory  127.7  126.0 -1.4  159.3  109.5  145.2  110.9 -23.6 1.3  
Investments in motor vehicles and other means of transport  104.7 83.2 -20.6  115.3 72.2 64.8 84.3 30.1 16.8  
Investments in new buildings and renovation 73.7 87.1 18.1 78.4 71.4  100.3 57.0 -43.2 -20.2  

About the industry

The retail sales industry, excluding motor vehicles and motorcycles, but including repair of personal and household goods, had a turnover of NOK 322.7 billion in 2007. The number of persons employed was 199 633, while the number of establishments was 37 523, according to previously published figures from Statistics Norway’s structural statistics for wholesale and retail trade for 2007. Net investments for these establishments amounted to NOK 7.4 billion in 2007.

Data sources

Statistics Norway receives investment data in NOK sums from a sample of about 10 300 establishments in the industry. The statistics only include investments that the establishments pay for themselves. Investments made by property companies that hire out premises are not included.

Important announcement: Transition to a new industry classification

A new version of the Standard Industrial Classification (SIC2007) was implemented in January 2009. The most important change for retail sales is that the petrol stations have become a part of the industry. The quarterly investment statistics for retail trade is, however, hardly affected by the changes since the petrol stations are, for the time being, not included in the statistics. For general information about the transition to the new Standard Industrial Classification click here