Industrial output went down by 2.9 per cent year-on-year in February

According to Statistics Finland, output of total industries adjusted for working days was 2.9 per cent lower in February 2012 than twelve months earlier.

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

Seasonally adjusted industrial output went up by 1.4 per cent from January to February. In January, output went down by 4.5 per cent from the month before. In December, seasonally adjusted output was 2.5 per cent higher than in November.

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

Industrial output diminished in several main industries in February. Output declined most, by 19.6 per cent, in mining and quarrying. In the forest industry, output went down by 7.2 per cent from one year ago. In the metal industry, output was 2.4 per cent lower than in February 2011. Output increased most in the electrical and electronics industry, or by 6.8 per cent.

Working day adjusted change in industrial output by industry 2/2011-2/2012, %, TOL 2008

Capacity utilisation rate in manufacturing was 80.3 per cent in February, or 0.4 percentage points higher than one year earlier. In the forest industry, capacity utilisation rate was 82.1 per cent in February, or 2.9 percentage points lower than in February 2011. Capacity utilisation rate in the metal industry was 80 per cent in February, which is 0.2 percentage points higher than one year previously.

Revised data for February 2012 will be published at 9 am on 10 May 2012 in connection with the release of industrial output data for March 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, February. 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 fell by 2.9 per cent in February (10.4.2012)

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Updated 10.4.2012

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. February 2012. Helsinki: Statistics Finland [referred: 19.11.2024].
Access method: http://www.stat.fi/til/ttvi/2012/02/ttvi_2012_02_2012-04-10_tie_001_en.html