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Industrial output grew by 5 per cent year-on-year in April

According to Statistics Finland, seasonally adjusted industrial output was 5 per cent higher in April 2006 than in April 2005. Industrial output has shown strong growth in the early part of this year. In the January to April period, seasonally adjusted industrial output grew by 3.4 per cent from twelve months back.

Seasonally adjusted change in industrial output
from corresponding month of previous year, %

In April, the biggest increase in output, 14 per cent from April 2005, was recorded in the manufacture of electrical and electronic products. In the metal industry, output increased by good 8 per cent year-on-year. Output in the wood and paper industry went up by close on 10 per cent. In other metal industry output increased by just short of 3 per cent in April. A decline in output was recorded in other manufacturing and in the chemical industry.

Seasonally adjusted change in industrial output 4/2005-4/2006, %

The growth in Finnish industrial output accelerated in the early part of the year. Industrial output now grows faster in Finland than in the EU countries on the average.

Trend in industrial output 1999-2006, (Finland, Germany, Sweden and EU 25), 2000=100

Strong growth in output continued in the metal industry. In 2004, the metal industry accounted for 45 per cent of the total value added of Finnish industry. Output turned slightly upwards in the chemical industry, which generated 12 per cent of the total value added. In the wood and paper industry, output began to show slight growth again after its decline in the early part of the year. The share of the wood and paper industry of the total value added was 15 per cent.

Trend in industrial output 1999-2006, April
(Chemical industry, wood and paper industry, and metal industry), 2000=100

The share of the electronics industry of the total value added was 21 per cent in 2004. Output in the manufacture of electrical and electronic products has swung towards growth since its decline last year. In other metal industry, which accounted for 24 per cent of the total value added, output continued to grow in early 2006.

Trend in industrial output 1999-2006, April
(Manufacture of electrical and electronic products and other metal industry), 2000=100

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Last updated 31.5.2006