Industrial output fell by 3.2 per cent year-on-year in April

According to Statistics Finland, output of total industries adjusted for working days was 3.2 per cent lower in April 2012 than twelve months earlier. In the January to April period, industrial output fell by nearly 4 per cent year-on-year.

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

Seasonally adjusted output grew by 0.6 per cent from March in April. In March, output decreased by 0.4 per cent from the month before. In February, seasonally adjusted output was 1.3 per cent higher than in January.

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

Industrial output diminished in several main industries in April. The biggest drop of nearly 30 per cent was seen in mining and quarrying. The production of electricity decreased by good 14 per cent year-on-year. In the forest industry, output was 5.9 per cent down on twelve months back. In the metal industry, output was 0.3 per cent higher than in April 2011. Among the main industries, output grew by most, or by 3 per cent, in the chemical industry.

Working day adjusted change in industrial output by industry 4/2011-4/2012, %, TOL 2008

Capacity utilisation rate in manufacturing was in April on level with one year ago, or 82.5 per cent. In the forest industry, capacity utilisation rate was 87.9 per cent in April, or 3 percentage points lower than in April 2011. Capacity utilisation rate in the metal industry was 83.9 per cent in April, which was 1.8 percentage points higher than twelve months earlier.

Revised data for April 2012 will be published at 9 am on 10 July 2012 in connection with the release of industrial output data for May 2012. The revision is influenced by the estimation used in the latest release which concerns 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, April. Statistics Finland

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

Director in charge: Hannele Orjala

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Industrial output fell by 3.2 per cent in April (8.6.2012)

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Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. April 2012. Helsinki: Statistics Finland [referred: 19.11.2024].
Access method: http://www.stat.fi/til/ttvi/2012/04/ttvi_2012_04_2012-06-08_tie_001_en.html