Industrial output decreased by 3.4 per cent year-on-year in October

According to Statistics Finland, output of total industries adjusted for working days was 3.4 per cent lower in October 2013 compared to October 2012. In the January to October period, industrial output adjusted for working days went down by four per cent from twelve months back.

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

In October, seasonally adjusted output fell by 0.6 per cent from September. In September, seasonally adjusted output was 0.2 per cent lower than in August. In August, output decreased by 0.1 per cent from the previous month.

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

Industrial output diminished in several main industries in October. Output fell most in the electrical and electronics industry, by 16.1 per cent. In the metal industry, output went down by 6.5 per cent from the previous year. Among main industries, output increased by most, or by 3.9 per cent, in the chemical industry. In the forest industry, output grew by 2.5 per cent in October from one year ago.

Working day adjusted change in industrial output by industry 10/2012-10/2013, %, TOL 2008

Capacity utilisation rate in manufacturing (C) was 83 per cent in October, or 0.3 percentage points higher than one year earlier. In the forest industry, capacity utilisation rate was 88 per cent in October, or 2.4 percentage points higher than in October 2012. In the metal industry, capacity utilisation rate was 83.5 per cent in October, which was 1.6 percentage points lower than one year earlier.

Revised data for October 2013 will be published at 9 am on 10 January 2014 in connection with the release of industrial output data for November 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, October. 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 3.4 per cent year-on-year in October (10.12.2013)

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Updated 10.12.2013

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. October 2013. Helsinki: Statistics Finland [referred: 19.11.2024].
Access method: http://www.stat.fi/til/ttvi/2013/10/ttvi_2013_10_2013-12-10_tie_001_en.html