Diverging developments in industrial output in August

According to Statistics Finland's preliminary data, industrial output grew in several main industries in August 2007 when compared with the previous year. Output in manufacturing was 1.2 per cent up from the year before. The highest growth was recorded in chemical industry, other manufacturing and other metal industry. However, total industrial output in August was on level with August 2006. Output decreased by a good 7 per cent in energy supply. Peat production contracted by over 70 per cent as a result of the rainy August.

These data derive from the volume index of industrial output, which describes the development in the volume of the industrial output of the largest establishments located in Finland. The preliminary data are based on a sample comprised of roughly 1,000 of the largest establishments within their respective industries.

According to Statistics Finland, seasonally adjusted industrial output was 0.6 per cent lower in August 2007 than in July.

Revised data for August 2007 will be published at 9 am on 31 October 2007 in connection with the industrial output data for September 2007. Because of the method used, seasonally adjusted figures for previous months may change even if the original figures do not become revised. The seasonally adjusted figures will also be adjusted for working days.

Statistics Finland's preliminary volume index of industrial output describes the volume of commodities produced for export or for the domestic market by industrial establishments operating in Finland. The preliminary data described by the volume index have in recent years been revised upwards in the final data.

Seasonally adjusted change in industrial output by industry 8/2006-8/2007, %

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

Seasonally adjusted change in industrial output from previous month, %

Source: Volume Index of Industrial Output 2007, August. Statistics Finland

Inquiries: Mr Kari Rautio +358 9 1734 2479, volyymi.indeksi@stat.fi

Director in charge: Ms Hannele Orjala

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Last updated 28.9.2007

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. August 2007. Helsinki: Statistics Finland [referred: 26.11.2024].
Access method: http://www.stat.fi/til/ttvi/2007/08/ttvi_2007_08_2007-09-28_tie_001_en.html