Industrial output falls by 3.5 per cent in August | business

Sat, 11 Oct, 2014 12:03:40 AM

Industrial output falls by 3.5 per cent in August

FTimes Report, Oct. 11

Working day adjusted change in total industrial output (BCDE) from corresponding month previous year, %, TOL 2008. Source: Volume Index of Industrial Output 2014, August. Statistics Finland.

Output of total industries adjusted for working days was 3.5 per cent lower in August 2014 than twelve months earlier.

In the January to August period, industrial output went down by four per cent compared with the corresponding period in 2013, according to Statistics Finland.

Seasonally adjusted change in total industrial output (BCDE) from previous month, %, TOL 2008. Source: Volume Index of Industrial Output 2014, August. Statistics Finland.

The prolonged decline in industrial output was also reflected in the production of investment goods.

In the January to August period the production of investment goods decreased by 11,1 per cent from the corresponding period in 2013, the data show.

In August, seasonally adjusted output went down by 0.7 per cent from July.

Working day adjusted change in industrial output by industry 8/2013-8/2014, %, TOL 2008. Source: Volume Index of Industrial Output 2014, August. Statistics Finland.

Industrial output diminished in almost all main industries. Mining and quarrying declined most, by good 14 per cent. In the chemical industry, output decreased by 7.1 per cent year-on-year. Output in the metal industry fell by 3.8 per cent, according to the statistics.

Finland Times