Industrial output decreased by 1.1 per cent year-on-year in June

According to Statistics Finland, output of total industries adjusted for working days was 1.1 per cent lower in June 2015 compared to June 2014. During January to June, industrial output declined by 3.4 per cent year-on-year. Original output grew by 1.7 per cent from one year back in June.

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

Seasonally adjusted output grew in June by 1.2 per cent compared with the previous month. In May, seasonally adjusted output fell by one per cent from April. In April, seasonally adjusted output increased by 0.1 per cent from the previous month.

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

Industrial output went up in a few main industries in June. Output rose most, by 10 per cent, in electricity production. In the chemical industry, output grew by 4.6 per cent. Output also grew slightly in the forest industry in June. Mining and quarrying declined most in June, by nearly 35 per cent. This was mostly due to the rainy June, which hampered the production of peat.

Working day adjusted change in industrial output by industry 6/2014-6/2015, %, TOL 2008

In June, capacity utilisation rate in manufacturing (C) was 80.4 per cent, or 0.2 percentage points higher than one year earlier. In the forest industry, capacity utilisation rate was 86 per cent in June, or 4.1 percentage points higher than in June 2014. In the metal industry, capacity utilisation rate was 82.4 per cent in June, which was 1.6 percentage points higher than one year earlier.

Revised data for June 2015 will be published at 9 am on 10 September 2015 in connection with the release of industrial output data for July 2015. 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 2015, 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 1.1 per cent year-on-year in June (10.8.2015)

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Updated 10.8.2015

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. June 2015. Helsinki: Statistics Finland [referred: 26.11.2024].
Access method: http://www.stat.fi/til/ttvi/2015/06/ttvi_2015_06_2015-08-10_tie_001_en.html