Industrial output went down by 5.2 per cent year-on-year in January

According to Statistics Finland, output of total industries adjusted for working days was 5.2 per cent lower in January 2012 than twelve months earlier.

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

Seasonally adjusted output fell in January by 4.9 per cent compared with the previous month. In December, output went up by 2.5 per cent from the month before. In November, seasonally adjusted output was 0.7 per cent higher than in October.

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

Industrial output diminished in several main industries in January. Output declined most, by 18.2 per cent, in electricity production. In the forest industry, output went down by 16.1 per cent from one year ago. Output in the food industry was one per cent down on January 2011. Output increased most in the electrical and electronics industry, or by 6.2 per cent.

Working day adjusted change in industrial output by industry 1/2011-1/2012, %, TOL 2008

Capacity utilisation rate in manufacturing was 78.8 per cent in January, or 1.7 percentage points lower than one year earlier. In the forest industry, capacity utilisation rate was 79.2 per cent in January, or seven percentage points lower than in January 2011. Capacity utilisation rate in the metal industry was 79.4 per cent in January, which is 1.7 percentage points lower than one year previously.

Revised data for January 2012 will be published at 9 am on 10 April 2012 in connection with the release of industrial output data for February 2012. The revision was caused by the estimation used in the latest release concerning industry 26 to 27 and 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 2012, January. Statistics Finland

Inquiries: Kari Rautio 09 1734 2479, Jukka Appelqvist 09 1734 3391, volyymi.indeksi@stat.fi

Director in charge: Hannele Orjala

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Industrial output went down by 5.2 per cent in January (9.3.2012)

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Updated 9.3.2012

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. January 2012. Helsinki: Statistics Finland [referred: 19.11.2024].
Access method: http://www.stat.fi/til/ttvi/2012/01/ttvi_2012_01_2012-03-09_tie_001_en.html