Home > Statistics > Volume index of industrial output > 2008 > June > Industrial output decreased by 3.3 per cent year-on-year in June

Published: 31 July 2008

Industrial output decreased by 3.3 per cent year-on-year in June

According to Statistics Finland, industrial output adjusted for working days was 3.3 per cent lower in June 2008 than twelve months earlier. In the January to June period, industrial output adjusted for working days grew by 3 per cent from twelve months back. The prolonged growth in industrial output stalled. Output in the wood and paper industry decreased by 9.3 per cent in June. The strong growth in the manufacture of electrical and electronic products during the first half of the year turned into a 3 per cent decline in June. In other manufacturing output fell by 3.2 per cent. The rainy June hampered the output of peat, which fell by 45.2 per cent. In the chemical industry, output went up by 3.2 per cent in June.

Working day adjusted change in industrial output by industry 6/2007-6/2008, %

Seasonally adjusted change in industrial output from previous month, %

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

Where appropriate, the use of value data has been increased again in early 2008. This has made it possible to widen the coverage of services produced by manufacturing enterprises in the statistics. Besides so-called industrial services (repair, maintenance and installation), these may also comprise other services, such as research and development services, administrative services, royalties and licences, as well as merchanting services. The measures have also improved the coverage of the sample-based monthly index.

The heading-specific weight structure of establishments has been updated in the June publication. From now on year 2007 values will be used as the heading-specific weights. In some months certain data on the manufacture of electronic and electrical products are not available sufficiently early. Estimation is used for this industry in a number of months, so more revisions than normal may take place in the data. This may have resulted also in changes in the point figures and change percentages of the first part of the year.

Revised data for June 2008 will be published at 9 am on 29 August 2008 in connection with the industrial output data for July 2008.

Source: Volume Index of Industrial Output 2008, June. Statistics Finland

Inquiries: Mr Kari Rautio +358 9 1734 2479, volyymi.indeksi@stat.fi

Director in charge: MsHannele Orjala

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Last updated 31.7.2008