Industrial output decreased by 1.7 per cent year-on-year in September

According to Statistics Finland, output of total industries adjusted for working days was 1.7 per cent lower in September 2012 compared to September 2011. In the January to September period, industrial output adjusted for working days went down by 1.5 per cent from twelve months back.

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

In September, seasonally adjusted output decreased by 0.5 per cent from the month before. In August, industrial output dropped by one per cent from July. In July, seasonally adjusted output was 1.1 per cent higher than in June.

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

Among main industries, output decreased by most, or by nearly 14 per cent, in the chemical industry. Output in the electrical and electronics industry decreased by 8.7 per cent. In the food industry, output was 1.7 per cent down on September 2011. The production of electricity grew by 7.8 per cent from one year ago.

Working day adjusted change in industrial output by industry 9/2011-9/2012, %, TOL 2008

In September, capacity utilisation rate in manufacturing (C) was 80 per cent, or 2.7 percentage points lower than one year earlier. In the forest industry, capacity utilisation rate was 83 per cent in September, or 0.7 percentage points higher than in September 2011. Capacity utilisation rate in the metal industry was 82.9 per cent in September, which was 1.6 percentage points lower than one year before. Capacity utilisation rate in the chemical industry also decreased in September by seven percentage points from the previous year.

Revised data for September 2012 will be published at 9 am on 10 December 2012 in connection with the release of industrial output data for October 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, September. Statistics Finland

Inquiries: Kari Rautio 09 1734 2479, Salla Simola 09 1734 3308, volyymi.indeksi@stat.fi

Director in charge: Hannele Orjala

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Industrial output decreased by 1.7 per cent year-on-year in September (9.11.2012)

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Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. September 2012. Helsinki: Statistics Finland [referred: 19.11.2024].
Access method: http://www.stat.fi/til/ttvi/2012/09/ttvi_2012_09_2012-11-09_tie_001_en.html