Industrial output decreased by 1.4 per cent year-on-year in June

According to Statistics Finland, output of total industries adjusted for working days was 1.4 per cent lower in June 2014 compared to June 2013. In the January to June period, industrial output adjusted for working days went down by 4.0 per cent compared with the corresponding period in 2013.

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

Seasonally adjusted increased in June by 0.5 per cent compared with the previous month. In May, seasonally adjusted output was 0.4 per cent lower than in April. In April, output fell by 0.3 per cent from the previous month.

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

Industrial output diminished in several main industries in June. In the electrical and electronics industry, output decreased most, by 10.8 per cent. In the food industry, output went down by 2.1 per cent. The largest growth of 6.7 per cent was recorded in production of electricity. In the chemical industry, output went up by 1.9 per cent in June.

Working day adjusted change in industrial output by industry 6/2013-6/2014, %, TOL 2008

Capacity utilisation rate in manufacturing (C) was 80.2 per cent in June, or 0.8 percentage points higher than one year earlier. In the forest industry, capacity utilisation rate was 81.1 per cent in June, or 1.6 percentage points higher than in June 2013. In the metal industry, capacity utilisation rate was 82.1 per cent in June, which was 1.4 percentage points higher than one year earlier.

Revised data for June 2014 will be published at 9 am on 10 September 2014 in connection with the release of industrial output data for July 2014. 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 2014, June. Statistics Finland

Inquiries: Kari Rautio 029 551 2479, Heidi Myllyl� 029 551 3792, volyymi.indeksi@stat.fi

Director in charge: Hannele Orjala

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Industrial output decreased by 1.4 per cent year-on-year in June (8.8.2014)

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Updated 8.8.2014

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. June 2014. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/ttvi/2014/06/ttvi_2014_06_2014-08-08_tie_001_en.html