Industrial output grows by 2.7% in July

The output of total industries adjusted for working days was 2.7 per cent higher in July 2017 than in July 2016, according to Statistics Finland.

Adjusted for working days, industrial output went up by 2.6 per cent in January to July from one year back.

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.

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.

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.