Home > Statistics > Volume index of industrial output > 2015 > January > Industrial output decreased by 3.9 per cent year-on-year in January

Published: 10 March 2015

Industrial output decreased by 3.9 per cent year-on-year in January

According to Statistics Finland, output of total industries adjusted for working days was 3.9 per cent lower in January 2015 than in January 2014. Industrial output has declined continuously for a couple of years.

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

Seasonally adjusted output fell in January by 2.3 per cent compared with the previous month. In December, seasonally adjusted output grew by 0.3 per cent. In November, seasonally adjusted output decreased by 0.3 per cent month-on-month.

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

Industrial output diminished in almost all main industries in January. Output declined by most, or by good 17 per cent, in mining and quarrying. In the chemical industry, output diminished by 8.5 per cent. Output in the metal industry diminished by 1.9 per cent in January. Among main industries, output increased in the electrical and electronics industry by nearly seven per cent.

Working day adjusted change in industrial output by industry 1/2014-1/2015, %, TOL 2008

In January, capacity utilisation rate in manufacturing (C) was 79.3 per cent, or 1.3 percentage points higher than one year earlier. In the forest industry, capacity utilisation rate was 84.2 per cent in January, or 1.1 percentage points higher than in January 2014. In the metal industry, capacity utilisation rate was 81.7 per cent in January, which was 3.7 percentage points higher than one year earlier.

New seasonal adjustment software adopted

Starting from the January 2015 data, a new seasonal adjustment software J-Demetra+ will be adopted in the Volume Index of Industrial Output. The software change does not affect the used seasonal adjustment method. The change does not influence the interpretation or use of the time series either. More about the implementation of the software changes in these statistics .

Revised data for January 2015 will be published at 9 am on 10 April 2015 in connection with the release of industrial output data for February 2015. 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 2015, January. Statistics Finland

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

Director in charge: Hannele Orjala

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Reviews

• Industrial output decreased by 3.9 per cent year-on-year in January (10.3.2015)

Tables

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Figures

• Appendix figure 1. Working day adjusted change percentage of industrial output January 2014 /January 2015, TOL 2008 (10.3.2015)
• Appendix figure 2. Seasonally adjusted change percentage of industrial output December 2014 /January 2015, TOL 2008 (10.3.2015)
• Appendix figure 3. Seasonally adjusted industrial output Finland, Germany, Sweden, France and United Kingdom (BCD) 2000 - 2015, 2010=100, TOL 2008 (10.3.2015)

Revisions in these statistics

• Revisions in these statistics (10.3.2015)

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Updated 10.3.2015