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

According to Statistics Finland, output of total industries adjusted for working days was one per cent lower in June 2012 than twelve months earlier. Over the January to June period, industrial output decreased by 2.8 per cent year-on-year.

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

Seasonally adjusted output fell in June by 1.4 per cent compared with the previous month. In May, output went up by 1.2 per cent from the month before. In April, seasonally adjusted output was 0.6 per cent higher than in March.

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

Among the examined main industries, output decreased by most, or by nearly 47 per cent, in mining and quarrying. In the forest industry, output was 4.7 per cent down on twelve months back. Output in the electrical and electronics industry also decreased by 3.1 per cent. In the chemical industry, output was 3.9 per cent higher than in June 2011. Among the main industries, output grew by most in electricity, gas, steam and air conditioning supply, where it went up by 5.4 per cent.

Working day adjusted change in industrial output by industry 6/2011-6/2012, %, TOL 2008

Capacity utilisation rate in manufacturing was 83.2 per cent in June, or 1.9 percentage points higher than one year earlier. In the forest industry, capacity utilisation rate was 83.7 per cent in June, or 0.5 percentage points lower than in June 2011. Capacity utilisation rate in the metal industry was 85.3 per cent in June, which was 4.3 percentage points higher than twelve months earlier. In mining and quarrying, capacity utilisation rate fell by 8.3 percentage points year-on-year to 78.3 per cent.

Revised data for June 2012 will be published at 9 am on 10 September 2012 in connection with the release of industrial output data for July 2012. The revision is influenced by the estimation used in the latest release which concerns the periodic tax return data used for enterprises with fewer than 50 employees. 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 2012, June. Statistics Finland

Inquiries: Salla Simola 09 1734 3308, Kari Rautio 09 1734 2479, volyymi.indeksi@stat.fi

Director in charge: Hannele Orjala

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Industrial output fell by one per cent in June (10.8.2012)

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Updated 10.8.2012

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. June 2012. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/ttvi/2012/06/ttvi_2012_06_2012-08-10_tie_001_en.html