Industrial output grew by 4.7 per cent year-on year in September

According to Statistics Finland, output of total industries adjusted for working days was 4.7 per cent higher in September 2017 compared to September 2016. Adjusted for working days, industrial output went up by 3.9 per cent in January to September from one year back.

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

Seasonally adjusted output went up by 0.5 per cent in September from the month before. In August, seasonally adjusted output declined by 0.1 per cent from July. In July, seasonally adjusted output grew by 0.8 per cent from June.

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

In September, output grew in several main industries. Output increased most, by 22.1 per cent, in mining and quarrying. In the metal industry, output increased by 7.9 per cent. Output in forest industry went up by 6.7 per cent from one year ago and in the food industry by 2.9 per cent year-on-year. Output declined most, by 11.1 per cent, in the chemical industry.

Working day adjusted change in industrial output by industry 9/2016-9/2017, %, TOL 2008

In September, capacity utilisation rate in manufacturing (C) was 83.6 per cent, or 0.2 percentage points higher than one year earlier. Capacity utilisation rate in the forest industry was 86.7 per cent in September, which was 3.3 percentage points more than one year before. In the metal industry, capacity utilisation rate was 85.7 per cent in September, which was 0.3 percentage points higher than one year earlier.

Revised data for September 2017 will be published at 9 am on 8 December 2017 in connection with the release of industrial output data for October 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, September. Statistics Finland

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

Director in charge: Sami Saarikivi

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Industrial output grew by 4.7 per cent year-on year in September (10.11.2017)

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Updated 10.11.2017

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. September 2017. Helsinki: Statistics Finland [referred: 19.11.2024].
Access method: http://www.stat.fi/til/ttvi/2017/09/ttvi_2017_09_2017-11-10_tie_001_en.html