Industrial output diminished by just under one per cent in October

According to Statistics Finland, seasonally adjusted industrial output was 0.7 per cent lower in October 2007 than twelve months earlier. The highest growth was recorded in the chemical industry, and in other manufacturing and other metal industry. Production in the wood and paper industry decreased by good four per cent. In the January to October period, industrial output increased by 0.4 per cent from the previous year's corresponding time period.

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 of roughly 1,000 of the largest establishments within their respective industries.

Revised data for October will be published at 9 am on 28 December 2007 in connection with the release of industrial output data for November. 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. In recent years the preliminary figures of the volume index have tended to go up in final revisions.

Seasonally adjusted change in industrial output by industry 10/2006-10/2007, %

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, October. Statistics Finland

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

Director in charge: Hannele Orjala

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Last updated 30.11.2007

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. October 2007. Helsinki: Statistics Finland [referred: 28.12.2024].
Access method: http://www.stat.fi/til/ttvi/2007/10/ttvi_2007_10_2007-11-30_tie_001_en.html