Industrial output grew by 3.1 per cent in April year-on year

According to Statistics Finland, output of total industries adjusted for working days was 3.1 per cent higher in April 2017 than twelve months earlier. This year’s April had three working days fewer than last year. Original output declined by 3.3 per cent in April from one year back. During January to April, working day adjusted output went up by 2.0 per cent from the year before.

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

In April, seasonally adjusted output went up by 0.7 per cent from the month before. In March output grew by 1.3 per cent from the previous month and in February output declined by 0.7 per cent from January.

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

In April, output grew in several main industries. Output increased most in the electrical and electronics industry, or by 8.5 per cent. In the metal industry, output grew by 7.1 per cent. In the forest industry output increased by one per cent from the previous year. Output declined most, by 5.6 per cent, in the chemical industry.

Working day adjusted change in industrial output by industry 4/2016-4/2017, %, TOL 2008

In April, capacity utilisation rate in manufacturing (C) was 82.4 per cent, or 0.8 per cent lower than one year earlier. In the forest industry, capacity utilisation rate was 92.6 per cent in April, or two percentage points higher than in April 2016. In the metal industry, capacity utilisation rate was 83.4 per cent in April, which was 0.2 per cent higher than one year earlier.

Revised data for April 2017 will be published at 9 am on 10 July 2017 in connection with the release of industrial output data for May 2017. The revision is influenced by the estimation used in the latest release, which concerns the Tax Administration's self-assessed tax 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, April. Statistics Finland

Inquiries: Kari Rautio 029 551 2479, Maarit M�kel� 029 551 3324, volyymi.indeksi@stat.fi

Deputy director in charge: Reetta Moilanen

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Industrial output grew by 3.1 per cent in April year-on year (9.6.2017)

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Updated 9.6.2017

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. April 2017. Helsinki: Statistics Finland [referred: 19.11.2024].
Access method: http://www.stat.fi/til/ttvi/2017/04/ttvi_2017_04_2017-06-09_tie_001_en.html