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

According to Statistics Finland, output of total industries adjusted for working days was 3.5 per cent higher in October 2016 compared to October 2015. In the January to October period, industrial output adjusted for working days went up by 1.6 per cent from one year ago.

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

In October, seasonally adjusted output went down by 0.2 per cent from the previous month. In September, output grew by 2.8 per cent. In August, seasonally adjusted output declined by 2.8 per cent compared to July.

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

Output grew in nearly all main industries. Output increased most in mining and quarrying, by 20 per cent. In the chemical industry, output grew by 9.5 per cent. In the forest industry, output increased by 3.5 per cent. In October, output in the metal industry was 2.0 per cent up on twelve months back. Production decreased only in production of electricity, by 4.3 per cent.

Working day adjusted change in industrial output by industry 10/2015-10/2016, %, TOL 2008

In October, the capacity utilisation rate in manufacturing (C) was 83.1 per cent, or 0.9 percentage points higher than one year earlier. In the forest industry, capacity utilisation rate was 89.9 per cent in October, or 0.7 percentage points higher than in October 2015. In the metal industry, capacity utilisation rate was 84.1 per cent in October, which was on level with October of the previous year.

Revised data for October 2016 will be published at 9 am on 10 January 2017 in connection with the release of industrial output data for November 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, October. 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 October (9.12.2016)

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Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. October 2016. Helsinki: Statistics Finland [referred: 19.11.2024].
Access method: http://www.stat.fi/til/ttvi/2016/10/ttvi_2016_10_2016-12-09_tie_001_en.html