Decline in Industrial Sales in the 2nd Quarter

In a recent report, it has been revealed that the industrial sector in Norway witnessed a slight contraction of 1.6% in sales during the second quarter, as compared to the preceding quarter. The findings, based on meticulously adjusted seasonal data, indicate that the industrial sales index for Q2 2023 was 209.6 (2005=100), down from the preceding quarter’s 212.9. The decline in sales was noted in both the domestic and export markets. Notably, the downturn was particularly pronounced in the metal industry, which saw a substantial decline of 9.0% during this period. Conversely, a positive trend was witnessed in the shipbuilding and oil platform construction sector, which managed to counterbalance the overall decline with an impressive 11% surge in sales. These insights, sourced from reputable data, provide a comprehensive perspective on the dynamic fluctuations within Norway’s industrial landscape.

https://www.ssb.no/energi-og-industri/industri-og-bergverksdrift/statistikk/omsetning-i-olje-og-gass-industri-bergverk-og-kraftforsyning/artikler/nedgang-i-industriomsetningen-i-2.kvartal