Industrial output decreased by 9.7 per cent year-on-year in April

According to Statistics Finland, output of total industries adjusted for working days was 9.7 per cent lower in April 2013 than twelve months earlier. In the January to April period, industrial output adjusted for working days went down by 5.1 per cent from twelve months back. The industrial output figures in March and April were affected by Easter, which occurred in different months in 2012 and 2013. Original output of total industries went down by 3.3 per cent from one year back in April.

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

Seasonally adjusted output fell by 4.6 per cent from March in April. In March, seasonally adjusted output was 2.1 per cent higher than in February. In February, output decreased by 1.1 per cent from the previous month.

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

Industrial output diminished in several main industries in April. Output fell most in the electrical and electronics industry, by 17.5 per cent and in the metal industry, by 15.9 per cent. Among the main industries, output increased by most, or by 16.7 per cent, in production of electricity. In mining and quarrying output was nearly eight per cent higher compared with the year before.

Working day adjusted change in industrial output by industry 4/2012-4/2013, %, TOL 2008

Capacity utilisation rate in manufacturing (C) was 82.7 per cent in April, or 0.4 percentage points higher than one year earlier. In the forest industry, capacity utilisation rate was 86.9 per cent in April, or 1.4 percentage points higher than in April 2012. In the metal industry, capacity utilisation rate was 84.1 per cent in April, which was 0.3 percentage points lower than one year earlier.

Revised data for April 2013 will be published at 9 am on 10 July 2013 in connection with the release of industrial output data for May 2013. 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 2013, April. 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 9.7 per cent year-on-year in April (10.6.2013)

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Updated 10.6.2013

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. April 2013. Helsinki: Statistics Finland [referred: 19.11.2024].
Access method: http://www.stat.fi/til/ttvi/2013/04/ttvi_2013_04_2013-06-10_tie_001_en.html