Total output grew in June

According to the seasonally adjusted series of the Monthly Indicator of Total Output calculated by Statistics Finland, the volume of total output went up by 0.5 per cent in June from the month before.

Volume of total output 2000 - 2006, trend and seasonally adjusted series

The series of the Monthly Indicator of Total Output are seasonally adjusted with the Tramo/Seats method. The latest observations of the series adjusted for seasonal and random variation (seasonally adjusted and trend series) become revised with new observations in seasonal adjustment methods.

Total output was 9.6 per cent higher than in June 2005

The volume of total output grew by 9.6 per cent in June 2006 from June of the previous year. Growth was recorded in all six main industries of the Monthly Indicator of Total Output. The industrial dispute in the paper industry that coincided with the corresponding month of the year before is now seen as strong growth in total output figures for June.

Percentage changes of total output from the previous year's corresponding month

According to the original series, industrial output grew by 22.6 per cent from June 2005. In the wood and paper industry output increased by 271 per cent, and in energy supply by 46 per cent. The manufacture of electrical and electronic products grew by 6 per cent. In other manufacturing, output volumes grew by 4 per cent from June 2005.

Sales volumes of trade increased by 8 per cent. Motor vehicle sales went up by 3 per cent, retail trade by 9 per cent and wholesale trade by 8 per cent.

Primary production went up by 34 per cent from its June 2005 level. It was due to growth of fellings, up by 117 per cent. Transport grew by 22 per cent. Output increased by 2 per cent in both other service industries and construction.

The Monthly Indicator of Total Output is based on twelve monthly series on different industries of the economy. The series are summed up by weighting.

Source: Monthly Indicator of Total Output 2006, June. Statistics Finland

Inquiries: Mr Veli-Pekka Karvinen +358 9 1734 2667, kansantalous.suhdanteet@stat.fi

Director in charge: Mr Ari Tyrkkö

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Last updated 14.8.2006

Referencing instructions:

Official Statistics of Finland (OSF): Trend Indicator of Output [e-publication].
ISSN=1798-5439. June 2006. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/ktkk/2006/06/ktkk_2006_06_2006-08-14_tie_001_en.html