Industrial output decreased by 1.6 per cent year-on-year in September

According to Statistics Finland, output of total industries adjusted for working days was 1.6 per cent lower in September 2014 compared to September 2013. In the January to September period, industrial output adjusted for working days went down by 3.7 per cent compared with the corresponding period in 2013. Original industrial output grew by 1.3 per cent year-on-year in September. The production of investment goods also made upturn in September.

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

Seasonally adjusted output grew in September by 0.7 per cent compared with the previous month. In August, seasonally adjusted output fell by 0.7 per cent. In July, seasonally adjusted output increased 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. Mining and quarrying declined most, by good 20 per cent. In the chemical industry, output decreased by 5.5 per cent from the previous year. Output in the metal industry went up 3.3 per cent in September. Working day adjusted output in the metal industry last grew compared to the year before at the end of last year.

Working day adjusted change in industrial output by industry 9/2013-9/2014, %, TOL 2008

Capacity utilisation rate in manufacturing (C) was 80.7 per cent in September, which was on level with one year earlier. In the forest industry, capacity utilisation rate was 83.8 per cent in September, or 0.6 percentage points lower than in September 2013. In the metal industry, capacity utilisation rate was 83.4 per cent in September, which was 2.8 percentage points higher than one year earlier.

Revised data for September 2014 will be published at 9 am on 10 December 2014 in connection with the release of industrial output data for October 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, September. Statistics Finland

Inquiries: Kari Rautio 029 551 2479, Heidi Myllyl� 029 551 3792, volyymi.indeksi@stat.fi

Director in charge: Hannele Orjala

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Industrial output decreased by 1.6 per cent year-on-year in September (10.11.2014)

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Updated 10.11.2014

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. September 2014. Helsinki: Statistics Finland [referred: 19.11.2024].
Access method: http://www.stat.fi/til/ttvi/2014/09/ttvi_2014_09_2014-11-10_tie_001_en.html