Industrial output grew by 4.3 per cent year-on-year in June

According to Statistics Finland, output of total industries adjusted for working days was 4.3 per cent higher in June 2016 compared to June 2015. In the January to June period, industrial output adjusted for working days went up by 1.1 per cent from one year ago.

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

Seasonally adjusted output grew in June by 1.5 per cent compared with the previous month. In May, seasonally adjusted output went down by 0.1 per cent. In April, seasonally adjusted output increased by 2.4 per cent from the previous month.

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

Among the main industries, output grew most in mining and quarrying, by 194.3 per cent. The growth came mostly from peat production, which was accelerated by favourable weather conditions in June. Output in the metal industry was 6.5 per cent up on twelve months back. In the food industry, output grew by 5.7 per cent in June. Output in the forest industry fell by 1.6 per cent. The lowest growth of 11.7 per cent was recorded in production of electricity.

Working day adjusted change in industrial output by industry 6/2015-6/2016, %, TOL 2008

In June, capacity utilisation rate in manufacturing (C) was 83.0 per cent, or 1.9 percentage points higher than one year earlier. In the forest industry, capacity utilisation rate was 84.2 per cent in June, or 1.2 percentage points lower than in June 2015. In the metal industry, capacity utilisation rate was 86.2 per cent in June, which was 2.3 percentage points higher than one year earlier.

Revised data for June 2016 will be published at 9 am on 9 September 2016 in connection with the release of industrial output data for July 2016. 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 2016, June. Statistics Finland

Inquiries: Kari Rautio 029 551 2479, Heidi Myllyl� 029 551 3792, volyymi.indeksi@stat.fi

Director in charge: Mari Yl�-Jarkko

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Industrial output grew by 4.3 per cent year-on-year in June (10.8.2016)

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Updated 10.8.2016

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. June 2016. Helsinki: Statistics Finland [referred: 20.12.2024].
Access method: http://www.stat.fi/til/ttvi/2016/06/ttvi_2016_06_2016-08-10_tie_001_en.html