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Home BUSINESSIndustrial output decreases by 1.5%
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Fri, 11 Oct, 2013 12:00:08 AM
FTimes Report, October 11
 
Source: Statistics Finland.
Finland's output of total industries adjusted for working days was 1.5 per cent lower in August 2013 than twelve months earlier, according to Statistics Finland.
 
In the January to August period, industrial output adjusted for working days went down by 4.4 per cent from twelve months back.
 
In August, seasonally adjusted output went down by 0.1 per cent from July. In July, seasonally adjusted output was 2.2 per cent higher than in June. In June, output decreased by nearly one per cent from the previous month, said the statistics.
 
Industrial output diminished in several main industries in August. Output fell most in the electrical and electronics industry, by 16.2 per cent.
 
In the chemical industry, output was 5.2 per cent lower than in last year's corresponding period.
 
Source: Statistics Finland.
In the metal industry, output went down by 3.3 per cent.
 
Among the main industries, output increased most in mining and quarrying, which grew by 59.5 per cent compared with the year before. Production of electricity grew by 2.4 per cent from a year ago, according to an official release.
 
Capacity utilisation rate in manufacturing (C) was 80.2 per cent in August, or 1.3 percentage points lower than one year earlier.
 
In the forest industry, capacity utilisation rate was 83.4 per cent in August, or 3.6 percentage points lower than in August 2012.
 
Source: Statistics Finland.
In the metal industry, capacity utilisation rate was 79 per cent in August, which was 2.6 percentage points lower than one year earlier.
 
Revised data for August 2013 will be published at 9 am on 8 November 2013 in connection with the release of industrial output data for September 2013.
 
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. 
 
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