Manufacturing output stable in June

10/08/2005 10:54

After adjustment for working day patterns, manufacturing output in June 2005 was almost the same as in June 2004. Compared to the first six months of 2004 industrial production in the first six months of this year was 0.4 percent down.

It is best to use the seasonally adjusted figures to determine trends and changing growth rates in production. Because the unadjusted monthly figures may fluctuate, we use the average of two months compared to the previous two months.

After correction for seasonal effects and working day patterns, manufacturing production rose by 0.4 percent in May-June 2005 on March-April 2005. There was already a small increase, by 0.6 percent, in the previous two-months period. The sector wood, construction materials, furniture and other manufacturing in particular accounted again for an increase in production.

The production of raw materials and semi-manufactured products rose strongly in the period May-June 2005 compared to March-April. Production of consumer goods and investment goods was slightly higher.