Industrial output decreased by 0.7 per cent year-on-year in November

According to Statistics Finland, output of total industries adjusted for working days was 0.7 per cent lower in November 2013 than twelve months earlier. In the January to November period, industrial output adjusted for working days went down by 3.8 per cent from twelve months back.

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

In November, seasonally adjusted output went up by 0.8 per cent from October. In October, seasonally adjusted output was 0.2 per cent higher than in September. In September, output decreased by 0.7 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 November. Output fell most in the electrical and electronics industry, by 9.4 per cent. In the chemical industry, output was 3.5 per cent down on November 2012. Among the main industries, output grew most in mining and quarrying, by 15.1 per cent. In the metal industry, output grew by close on one per cent in November from one year ago.

Working day adjusted change in industrial output by industry 11/2012-11/2013, %, TOL 2008

Capacity utilisation rate in manufacturing (C) was 81.2 per cent in November, or 1.6 percentage points lower than one year earlier. In the forest industry, capacity utilisation rate was 84.8 per cent in November, or 2 percentage points lower than in November 2012. In the metal industry, capacity utilisation rate was 81.4 per cent in November, which was 3.3 percentage points lower than one year earlier.

Revised data for November 2013 will be published at 9 am on 10 February 2014 in connection with the release of industrial output data for December 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, November. 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 0.7 per cent year-on-year in November (10.1.2014)

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Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. November 2013. Helsinki: Statistics Finland [referred: 19.11.2024].
Access method: http://www.stat.fi/til/ttvi/2013/11/ttvi_2013_11_2014-01-10_tie_001_en.html