Published: 8 September 2017

Industrial output grew by 2.7 per cent year-on year in July

Corrected on 8 September 2017. The corrected items indicated in red.

According to Statistics Finland, output of total industries adjusted for working days was 2.7 per cent higher in July 2017 than in July 2016. Adjusted for working days, industrial output went up by 2.6 per cent in January to July from one year back.

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

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

Seasonally adjusted output went up by 0.4 per cent in July from the month before. In June, output fell by 0.7 per cent from May. In May, seasonally adjusted output increased by two per cent from April.

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

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

In July, output grew in several main industries. Output increased most, by nearly 38 per cent, in mining and quarrying. In the forest industry, output went up by 3.6 per cent. In the metal industry, output increased by three per cent. In the chemical industry, output grew by 2.2 per cent year-on-year. Output fell most in the electrical and electronics industry, by 4.2 per cent.

Working day adjusted change in industrial output by industry 7/2016-7/2017, %, TOL 2008

Working day adjusted change in industrial output by industry 7/2016-7/2017, %, TOL 2008

In July, capacity utilisation rate in manufacturing (C) was 76.2 per cent, or 1.8 percentage points higher than one year earlier. In the forest industry, capacity utilisation rate was 87.5 per cent in July, or 1.1 percentage points higher than in July 2016. In the metal industry, capacity utilisation rate was 74.8 per cent in July, which was 3.1 percentage points higher than one year earlier.

Revised data for July 2017 will be published at 9 am on 10 October 2017 in connection with the release of industrial output data for August 2017. 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 2017, July. Statistics Finland

Inquiries: Kari Rautio 029 551 2479, Maarit Mäkelä 029 551 3324, volyymi.indeksi@stat.fi

Director in charge: Sami Saarikivi

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Updated 8.9.2017

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. July 2017. Helsinki: Statistics Finland [referred: 21.9.2017].
Access method: http://www.stat.fi/til/ttvi/2017/07/ttvi_2017_07_2017-09-08_tie_001_en.html

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