Home > Statistics > Volume index of industrial output > 2006 > October > Industrial output went up by 1.2 per cent year-on-year in October

Industrial output went up by 1.2 per cent year-on-year in October

According to Statistics Finland, seasonally adjusted industrial output was 1.2 per cent higher in October 2006 than in October 2005. In the January to October period, seasonally adjusted output for all industries grew by 8 per cent from one year ago.

Seasonally adjusted change in industrial output
from corresponding month of previous year, %

Among the main industries, the biggest growth of 23 per cent was recorded in October in energy supply. Output in other metal industry increased by close on 8 per cent. In the chemical industry, output went up by 5 per cent. Output decreased most, by 16 per cent, in the manufacture of electrical and electronic products. Output last declined by this much in the electronics industry five years ago. In the metal industry, output was just under 4 per cent lower this October than in October 2005.

Seasonally adjusted change in industrial output 10/2005-10/2006, %

The growth recorded in Finnish industrial output in the early part of the year seems to have petered out. At the onset of autumn, Finnish industrial output also seems to have peaked.

 

Trend in industrial output 1999-2006, (Finland, Germany, Sweden and EU 25), 2000=100

The prolonged growth in the metal industry turned to a decline in October. In 2004, the metal industry accounted for 45 per cent of the total value added of Finnish industry. The share of the chemical industry of the value added was 12 per cent. Output in the wood and paper industry began to show some growth in October. The share of the wood and paper industry of the total value added was 15 per cent.

 

Trend in industrial output 1999-2006, October
(Chemical industry, wood and paper industry, and metal industry), 2000=100

The share of the electronics industry of the total value added was 21 per cent in 2004. Output in the electronics industry fell in October. In other metal industry, which accounted for 24 per cent of the total value added, output continued to go up steadily.

Trend in industrial output 1999-2006, October
(Electronics industry and other metal industry), 2000=100

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Last updated 30.11.2006