Order books for Norwegian industry becomes leaner

osloOslo.Photo: pixabay.com

Order reserves for the Norwegian industry fell by 26 percent from the third quarter last year to the third quarter of this year, according to figures from Statistics Norway (SSB).

The decline is greatest in industries that supply goods and services to the oil and gas sector.

The machine industry had a decline of as much as 54 percent from the third quarter of 2015 to the third quarter of this year. However, also industries that are engaged in building ships and oil platforms and businesses in the category transport equipment contributed to the decline.

The metal industry, for its part, helped to cushion the fall, writes SSB.
The order backlog is the value the order inventory now has left to the end of the quarter. In total, the largest decline is in the export market, but it has also shrank in the domestic market.

New orders rose by 3.6 percent from the third quarter last year to the third quarter of this year. New orders represent the value of all orders received and orders during the quarter on goods and services now have or will produce.

 

Source: NTB scanpix / Norway Today

Be the first to comment on "Order books for Norwegian industry becomes leaner"

Leave a comment

Your email address will not be published.


*