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Economy in Brief

 September Industrial Production in Denmark, Germany, Norway and the UK 
by Louise Curley November 7, 2005

September industrial production data for Germany, Denmark, Norway and the United Kingdom were released today. All, except Norway showed a rise in total production from August and all except the UK were higher than September, 2004. Manufacturing production increased in Germany and Norway, but declined in the UK. (Data on total manufacturing are not available for Denmark.)

The August decline in manufacturing in the UK was more than offset by a sharp increase of 6.69% in the mining and refining sector, where activity in the oil industry is recorded. Although England's oil industry has been declining it is still a significant factor in overall production. The oil industry is even more important in Norway and the swings in oil production there have had a more pronounced effect on total production. The first chart compares total production in the UK and in Norway. (In order to facilitate the comparison between Norwegian and the UK production indexes, we have rebased the original Norwegian data based on 1995=100 to 2002=100, the basis for the UK index. This can be done easily in DXLVG3, using the advanced functions.)

Industrial production in Denmark for the past five years has shown little evidence of a trend, but it has been extremely volatile even on a seasonally adjusted basis. Germany, by contrast has shown a moderately rising trend and less volatility as can be seen in the second chart.

Industrial Production Sep 05  Aug 05 Sep 04 M/M  % Y/Y % 2004   2003   2002  
Germany (2000=100)
  Total 104.3 103.1 101.0 1.16 3.27 100.8 98..4 98.3
  Manufacturing 107.3 105.9 103.2 1.32 3.97 102.7 99.5 99.3
Denmark 2000=100)
  Total 105 101 103 3.96 1.94 102 102 103
United Kingdom (2002=100)
  Total 98.6 98.2  99.7  0.41  -1.10  100.3  99.5   100.0
  Mining and Quarrying 78.3 76.2 81.3 6.69 -3.94 87.2 94.9 100.0
  Manufacturing  101.4 101.7  102.1  -0.29  -0.69  102.0  100.1   100.0
 Norway (2002=100)                
  Total  100.0 100.1  96.3  -0.09 3.86  97.8 96.0  100.0 
  Mining and Quarrying 94.3 94.9 98.7 -0.62 -4.40 100.8 105.7 100.0
  Manufacturing  99.8 97.6  97.9  2.23  1.92  97.1  95.8  100.0 
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