Finnish Industrial Output Declines In July

Aug 31, 2007 - Finnish industrial production slipped a seasonally adjusted 0.5% on an annual basis, in July, the Statistics Finland said, Friday. Industrial output edged up 0.2% in the previous month. On a monthly basis, industrial production advanced 0.6% in July, a tad higher than the 0.5% growth in June.

In July, manufacturing output expanded 1.4%. Output in the chemical industry grew 3.3% annually, while output in the other manufacturing segment advanced 4.6% and electronic and electrical products output witnessed 3.1% growth. In contrast, energy output slipped 10.3%, pulled by an 80% slump in peat production due to the rainy weather in July, the Statistics Finland said.

The preliminary data are based on a sample comprised of roughly 1,000 of the largest establishments within their respective industries. Revised data for July will be published at 9 am on 28 September 2007 in connection with the release of industrial output data for August.