Home > Statistics > Volume index of industrial output > 2006 > November > Industrial output grew by 5.4 per cent year-on-year in November

Industrial output grew by 5.4 per cent year-on-year in November

According to Statistics Finland, seasonally adjusted industrial output was 5.4 per cent higher in November 2006 than in November 2005. In the January to November period, seasonally adjusted output for all industries grew by nearly 8 per cent from one year ago.

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

Among the main industries, the biggest growth of 18 per cent was recorded in November in energy supply. Output in other metal industry increased by close on 11 per cent. In the metal industry, output was a good 5 per cent higher this November than in November 2005. In the chemical industry, output went up by 5 per cent. The manufacture of electrical and electronic products grew by a good one per cent. Among the main industries, output declined only in the wood and paper industry, by 4 per cent.

Seasonally adjusted change in industrial output 11/2005-11/2006, %

Industrial output in Finland started to grow again towards the end of the year. The growth rate of industrial output was faster in Finland than in the EU countries on average.

 

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

Output in the metal industry started to grow in November. In 2004, the metal industry accounted for 45 per cent of the total value added of Finnish industry. In the chemical industry, output continued to grow moderately. The share of the chemical industry of the value added was 12 per cent. In the wood and paper industry, output continued to decline in November. The share of the wood and paper industry of the total value added was 15 per cent.

 

Trend in industrial output 1999-2006, November
(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 continued to decline in the electronics industry in November. In other metal industry, which accounted for 24 per cent of the total value added, output continued to go up steadily.

Trend in industrial output 1999-2006, November
(Electronics industry and other metal industry), 2000=100

---

Last updated 29.12.2006