Home > Statistics > Volume index of industrial output > 2008 > March > Industrial output increased by 2.5 per cent year-on-year in March

Published: 30 April 2008

Industrial output increased by 2.5 per cent year-on-year in March

According to Statistics Finland, industrial output adjusted for working days was 2.5 per cent higher in March 2008 than twelve months earlier. In March, output grew most in other metal industry where it went up by 9.9 per cent. In the chemical industry, output increased by 4.3 per cent. The manufacture of electrical and electronic products declined by 0.3 per cent in March. In other manufacturing output fell by 4.2 per cent. Output declined most, or by 9 per cent, in the wood and paper industry.

Where appropriate, the use of value data has been increased again in early 2008. This has made it possible to widen the coverage of services produced by manufacturing enterprises in the statistics. Besides so-called industrial services (repair, maintenance and installation), these may also comprise other services, such as research and development services, administrative services, royalties and licences, as well as merchanting services. The measures have also improved the coverage of the sample-based monthly index.

Starting from the January release on industrial output, Statistics Finland has used annual change percentages which are based on working day adjusted data instead of seasonally adjusted data. This revision is based on the latest international recommendations. The seasonally adjusted point figures and change percentages used before, as well as all previously released data can still be found on Statistics Finland's website.

Revised data for March will be published at 9 am on 30 May 2008 in connection with the release of industrial output data for April.

Further information about the revision of the Volume Index of Industrial Output is available at

http://tilastokeskus.fi/til/ttvi/2008/03/ttvi_2008_03_2008-04-30_uut_001 en.html

Working day adjusted change in industrial output by industry 3/2007-3/2008, %

 

Seasonally adjusted change in industrial output from previous month, %

 

Working day adjusted change in industrial output from corresponding month of previous year, %

Source: Volume Index of Industrial Output 2008, March. Statistics Finland

Inquiries: Mr Kari Rautio +358 9 1734 2479,volyymi.indeksi@stat.fi

Director in charge: Ms Hannele Orjala

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Last updated 30.4.2008