Industrial output fell by 20.3 per cent from the year before in June

According to Statistics Finland, the working day adjusted output of total industries (BCDE) was 20.3 per cent lower in June 2009 than twelve months earlier. In May, industrial output decreased by 26.3 per cent year-on-year. In the January to June period, industrial output decreased by 23 per cent from the corresponding period in the year before.

Output continued to decline in all main industries in June. In the metal industry output fell by nearly 26 per cent and in the forest industry by good 35 per cent. In the chemical industry, output diminished by 11 per cent. In the food industry the decline of output was nearly one per cent.

Capacity utilisation rate in manufacturing (C) was 64.6 per cent in June, which was 20 percentage points lower than in last year's corresponding month. In the forest industry, capacity utilisation rate was 59.8 per cent, which was nearly 24 percentage points lower than one year ago.

Working day adjusted change in industrial output by industry 6/2008-6/2009, %, TOL 2008

*Metal industry excl. manufacture of electrical and electronic products

Seasonally adjusted change in industrial output (BCDE) from previous month, %, TOL 2008

Working day adjusted change in industrial output (BCDE) from corresponding month of previous year, %, TOL 2008

Estimation

In many months of the year the volume index of industrial output uses estimation in industry 26-27, Electrical and electronics industry. In this industry Statistics Finland estimates data 8 times a year. Not all of the data on this industry is at Statistics Finland's disposal at the time of publication. For example, estimated data for April-May become revised in August when data for June are released. As the weight of the industry (26-27) is 20 per cent in total industries, using estimation may influence the point figures and change percentages calculated for the volume index of industrial output even if previous data on other industries do not become revised. Further information is available under Revisions in these statistics.

Revised data for June 2009 will be published at 9 am on 10 September 2009 in connection with the release of industrial output data for July 2009. 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.

Source: Volume Index of Industrial Output 2009, June. 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 10.8.2009

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. June 2009. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/ttvi/2009/06/ttvi_2009_06_2009-08-10_tie_001_en.html