Industrial output decreased by 1.1 per cent year-on-year in August

According to Statistics Finland, industrial output adjusted for working days was 1.1 per cent lower in August 2008 than twelve months earlier. In the January to August period, industrial output adjusted for working days grew by 2 per cent from twelve months back. Among the main industries, the biggest growth of 3.3 per cent was recorded in energy supply. In August, output went up by 1.5 per cent in the metal industry and by 0.8 per cent in the manufacture of electrical and electronic products. Output declined most, by 6.8 per cent, in the wood and paper industry. In other manufacturing output fell by 2.9 per cent. In the chemical industry output decreased by 0.7 per cent in August.

Working day adjusted change in industrial output by industry 8/2007-8/2008, %

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.

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 also have caused changes to the point figures and change percentages for the early part of the year.

Revised data for August 2008 will be published at 9 am on 31 October 2008 in connection with the release of industrial output data for September 2008.

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

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

Director in charge: Ms Hannele Orjala

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Senast uppdaterad 30.9.2008

Instruktion för hänvisning:

Finlands officiella statistik (FOS): Volume index of industrial output [e-publikation].
ISSN=1798-9272. August 2008. Helsingfors: Statistics Finland [hänvisat: 19.11.2024].
Åtkomstsätt: http://www.stat.fi/til/ttvi/2008/08/ttvi_2008_08_2008-09-30_tie_001_en.html