Total output went up in July

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 1.0 per cent in July 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 6.2 per cent higher than in July 2005

The volume of total output grew by 6.2 per cent in July 2006 from July of the previous year. Growth was recorded in all six main industries of the Monthly Indicator of Total Output.

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

According to the original series, industrial output grew by 12.5 per cent from July 2005. Output volumes in the whole metal industry grew by 15 per cent and production in its sub-industry of manufacture of electrical and electronic equipment went up by 11 per cent. In the wood and paper industry output increased by 13 per cent, and in energy supply by 31 per cent. In other manufacturing, output volumes grew by 3 per cent from July 2005.

Sales volumes of trade increased by 6 per cent. Motor vehicle sales went up by 9 per cent, wholesale trade by 6 per cent and retail trade by 5 per cent.

Transport grew by 12 per cent. Other service industries, construction and primary production all showed a 2 per cent growth in output.

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, July. 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 20.9.2006

Referencing instructions:

Official Statistics of Finland (OSF): Trend Indicator of Output [e-publication].
ISSN=1798-5439. July 2006. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/ktkk/2006/07/ktkk_2006_07_2006-09-20_tie_001_en.html