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Published: 10 March 2017

Industrial output was in January on level with the previous year

According to Statistics Finland, output of total industries adjusted for working days was in January 2017 on level with January 2016. This year’s January had two working days more than last year. Original output grew by 4.2 per cent in January from one year back.

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

In January and December, seasonally adjusted output decreased by 0.9 per cent from the previous months. In November, output declined by 0.4 per cent.

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

In January, output grew in several main industries. Output increased most, by nearly 28 per cent, in mining and quarrying. Output in the electrical and electronics industry grew by 9.6 per cent. In January, output in the chemical industry grew by 3.9 per cent from twelve months back. Output declined most, by 7.8 per cent, in electricity production. In the food industry, output decreased by 1.4 per cent in January from twelve months back.

Working day adjusted change in industrial output by industry 1/2016-1/2017, %, TOL 2008

In January, capacity utilisation rate in manufacturing (C) was 84.6 per cent, or 5.7 percentage points higher than one year earlier. In the forest industry, capacity utilisation rate was 88.6 per cent in January, or 0.2 percentage points lower than in January 2016. In the metal industry, capacity utilisation rate was 86.8 per cent in January, which was 9.1 percentage points higher than one year earlier.

Revised data for January 2017 will be published at 9 am on 10 April 2017 in connection with the release of industrial output data for February 2017. 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 2017, January. Statistics Finland

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

Director in charge: Mari Ylä-Jarkko

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Reviews

• Industrial output was in January on level with the previous year (10.3.2017)

Tables

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Figures

• Appendix figure 1. Working day adjusted change percentage of industrial output January 2016 /January 2017, TOL 2008 (10.3.2017)
• Appendix figure 2. Seasonally adjusted change percentage of industrial output December 2016 /January 2017, TOL 2008 (10.3.2017)
• Appendix figure 3. Seasonally adjusted industrial output Finland, Germany, Sweden, France and United Kingdom (BCD) 2005 - 2017, 2010=100, TOL 2008 (10.3.2017)

Revisions in these statistics

• Revisions in these statistics (10.3.2017)

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Updated 10.3.2017