Industrial output decreased by 5.4 per cent year-on-year in February

According to Statistics Finland, output of total industries adjusted for working days was 5.4 per cent lower in February 2014 than in February 2013.

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

Seasonally adjusted industrial output went up by 0.2 per cent from January to February. In January, seasonally adjusted output was 3.4 per cent lower than in December. In December, output decreased by 0.5 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 February. Output fell most in the electrical and electronics industry, by 10.9 per cent. In February, output in the metal industry decreased by 9.4 per cent from one year ago. In the chemical industry, output decreased by 3.8 per cent from twelve months back. In February among main industries, output increased in the food and forest industry. In the food industry, output grew by 1.5 per cent year-on-year in February.

Working day adjusted change in industrial output by industry 2/2013-2/2014, %, TOL 2008

Capacity utilisation rate in manufacturing (C) was 78.2 per cent in February, or 0.6 percentage points lower than one year earlier. In the forest industry, capacity utilisation rate was 86.9 per cent in February, or 4.5 percentage points higher than in February 2013. In the metal industry, capacity utilisation rate was 78 per cent in February, which was 2.7 percentage points lower than one year earlier.

Revised data for February 2014 will be published at 9 am on 9 May 2014 in connection with the release of industrial output data for March 2014. 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 2014, February. Statistics Finland

Inquiries: Kari Rautio 09 1734 2479, Heidi Myllyl� 09 1734 3792, volyymi.indeksi@stat.fi

Director in charge: Hannele Orjala

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Industrial output decreased by 5.4 per cent year-on-year in February (10.4.2014)

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Updated 10.4.2014

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. February 2014. Helsinki: Statistics Finland [referred: 19.11.2024].
Access method: http://www.stat.fi/til/ttvi/2014/02/ttvi_2014_02_2014-04-10_tie_001_en.html