Industrial output went up by 3.5 per cent year-on-year in September

According to Statistics Finland, output of total industries adjusted for working days was 3.5 per cent higher in September 2016 compared to September 2015. In the January to September period, industrial output adjusted for working days went up by 1.3 per cent from one year ago. Adjusted for working days, industrial output (C) increased by 5.3 per cent in September from one year back. Industrial output (C) has last grown by more than this five years ago.

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

In September, seasonally adjusted output went up by 2.7 per cent from the previous month. In August, output fell by 2.8 per cent. In July, seasonally adjusted output increased by 0.7 per cent from June.

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

Output grew in several main industries. The largest growth of 8.8 per cent was recorded in the chemical industry. In September, output in the metal industry was 7.1 per cent up on twelve months back. Among the main industries, output decreased most in mining and quarrying, by 37.7 per cent. In the food industry, output declined by 0.4 per cent in September.

Working day adjusted change in industrial output by industry 9/2015-9/2016, %, TOL 2008

In September, capacity utilisation rate in manufacturing (C) was 83.6 per cent, or three percentage points higher than one year earlier. In the forest industry, capacity utilisation rate was 83.8 per cent in September, or 1.4 percentage points higher than in September 2015. In the metal industry, capacity utilisation rate was 85.9 per cent in September, which was 2.5 percentage points higher than one year earlier.

Revised data for September 2016 will be published at 9 am on 9 December 2016 in connection with the release of industrial output data for October 2016. 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 2016, September. Statistics Finland

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

Director in charge: Mari Yl�-Jarkko

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Industrial output went up by 3.5 per cent year-on-year in September (10.11.2016)

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Updated 10.11.2016

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. September 2016. Helsinki: Statistics Finland [referred: 19.11.2024].
Access method: http://www.stat.fi/til/ttvi/2016/09/ttvi_2016_09_2016-11-10_tie_001_en.html