Industrial output increased by 1.2 per cent year-on-year in July

According to Statistics Finland, output of total industries adjusted for working days was 1.2 per cent higher in July 2012 than twelve months earlier. Over the January to July period, industrial output decreased by 2 per cent year-on-year.

Working day adjusted change in industrial output (BCDE) from corresponding month previous year, %, TOL 2008

Seasonally adjusted output was 0.8 per cent higher in July than in June. In June, output decreased by 1.2 per cent from the previous month. In May, seasonally adjusted output was 1.3 per cent higher than in April.

Seasonally adjusted change in industrial output (BCDE) from previous month, %, TOL 2008

Among the examined industries, output increased by most, or by 17.5 per cent, in the electrical and electronics industry. In the chemical industry, output was 7.8 per cent higher than in July 2011. Output in the food industry went up by 1.8 per cent. In the forest industry, output was 4.2 per cent down on twelve months back. Among the main industries, the largest drop of almost 33 per cent was seen in the output of mining and quarrying.

Working day adjusted change in industrial output by industry 7/2011-7/2012, %, TOL 2008

In July, capacity utilisation rate in manufacturing (C) was 74.5 per cent, or 2.9 percentage points higher than one year earlier. In the forest industry, capacity utilisation rate was 80.6 per cent in July, or 0.4 percentage points lower than in July 2011. Capacity utilisation rate in the metal industry was 74.1 per cent in July, which was 7 percentage points higher than twelve months earlier.

Revised data for July 2012 will be published at 9 am on 10 October 2012 in connection with the release of industrial output data for August 2012. The revision is influenced by the estimation used in the latest release which concerns the periodic tax return data used for enterprises with fewer than 50 employees. Because of the method used, seasonally adjusted figures for previous months may change even if the original figures do not become revised. The seasonally adjusted figures will also be adjusted for working days.

Source: Volume Index of Industrial Output 2012, July. Statistics Finland

Inquiries: Kari Rautio 09 1734 2479, Salla Simola 09 1734 3308, volyymi.indeksi@stat.fi

Director in charge: Hannele Orjala

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Industrial output increased by 1.2 per cent in July (10.9.2012)

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Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. July 2012. Helsinki: Statistics Finland [referred: 19.11.2024].
Access method: http://www.stat.fi/til/ttvi/2012/07/ttvi_2012_07_2012-09-10_tie_001_en.html