Industrial output decreased by 5.7 per cent year-on-year in June

According to Statistics Finland, output of total industries adjusted for working days was 5.7 per cent lower in June 2013 compared to June 2012. In the first half of the year, industrial output adjusted for working days went down by 5.2 per cent from twelve months back.

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

Seasonally adjusted output fell in June by 1.0 per cent compared with the previous month. In May, seasonally adjusted output was 1.8 per cent higher than in April. In April, output decreased by 4.1 per cent from the previous month.

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

Industrial output diminished in several main industries in June. Output fell most in electricity, gas, steam and air conditioning supply, by 10.7 per cent. Output in the electrical and electronics industry decreased by 9.7 per cent from one year back. Output in the metal industry went down by 8.5 per cent. Among main industries, output increased most in mining and quarrying, which grew by 4.0 per cent compared with the year before. In the food industry, output grew by 1.6 per cent year-on-year.

Working day adjusted change in industrial output by industry 6/2012-6/2013, %, TOL 2008

Capacity utilisation rate in manufacturing (C) was 79.9 per cent in June, or 2.5 percentage points lower than one year earlier. In the forest industry, capacity utilisation rate was 80.0 per cent in June, or 1.3 percentage points lower than in June 2012. In the metal industry, capacity utilisation rate was 80.6 per cent in June, which was 4.8 percentage points lower than one year earlier.

Revised data for June 2013 will be published at 9 am on 10 September 2013 in connection with the release of industrial output data for July 2013. 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 2013, 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 decreased by 5.7 per cent year-on-year in June (9.8.2013)

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Updated 9.8.2013

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. June 2013. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/ttvi/2013/06/ttvi_2013_06_2013-08-09_tie_001_en.html