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National Report Regional Network - February 2004
| Interview round: | 1-2004 | | Interview period: | February 2004 | | Responsible: | Northern Norway Kunnskapsparken i Bodø |
Summary- Developments in output and employment are positive for the entire
manufacturing sector. Increased household demand and consumption are making
a positive contribution to domestically-oriented manufacturing. The export
industry reports that growth is stronger now than last autumn.
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Although most types of export-oriented businesses report positive developments,
some industries are experiencing problems with global competition. For example,
the shipbuilding industry has considerable problems winning new orders. The
domestically-oriented shipbuilding industry is also struggling.
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Growth in demand for corporate services is accelerating. This is also the case for
building and construction. Residential construction and public sector projects in
particular seem to the driving forces. In both sectors, developments are positive
in all regions.
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There is still solid growth in retail trade and the household service sector.
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Despite the improved cyclical situation, few private sector enterprises have plans
to increase investment. Wholesale and retail trade and the public sector are the
only sectors that are planning moderate increases in investment in 2004.
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Employment does not appear to be rising in pace with the increase in demand and
activity. Building and construction and wholesale and retail trade report moderate
growth in employment, whereas there is no growth in employment in
manufacturing, the service sector and the public sector.
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Annual wage growth is expected to be 3 per cent for manufacturing, 3.5 per cent
for service industries and 4 per cent for the public sector.
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Selling prices are reported to be stable or slightly rising. Due to intense
competition and customer power, the possibility of adjusting prices is perceived
to be very limited. A moderate rise in profitability is reported throughout the
private sector.
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