Industrial output decreased by 4 per cent year-on-year in April

According to Statistics Finland, output of total industries adjusted for working days was four per cent lower in April 2015 than twelve months earlier. During January to April, industrial output declined by 4.3 per cent year-on-year.

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

Seasonally adjusted output grew by 0.1 per cent from March in April. In March, seasonally adjusted output went down by 0.4 per cent. In February, seasonally adjusted output decreased by 0.5 per cent month-on-month.

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

Industrial output diminished in several main industries in April. Output declined most, by 20 per cent, in mining and quarrying. Output in the metal industry fell by 3.9 per cent. In the chemical industry, output went down by close on 10 per cent in April from one year ago. Part of the drop is due to a service stoppage in oil refining.

Working day adjusted change in industrial output by industry 4/2014-4/2015, %, TOL 2008

In April, capacity utilisation rate in manufacturing (C) was 80.4 per cent, or 0.5 percentage points lower than one year earlier. In the forest industry, capacity utilisation rate was 87.0 per cent in April, or 1.3 percentage points higher than in April 2014. In the metal industry, capacity utilisation rate was 81.9 per cent in April, which was 0.6 percentage points higher than one year earlier.

Revised data for April 2015 will be published at 9 am on 10 July 2015 in connection with the release of industrial output data for May 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, April. 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 4 per cent year-on-year in April (10.6.2015)

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Updated 10.6.2015

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. April 2015. Helsinki: Statistics Finland [referred: 19.11.2024].
Access method: http://www.stat.fi/til/ttvi/2015/04/ttvi_2015_04_2015-06-10_tie_001_en.html