Home > Statistics > Volume index of industrial output > 2008 > January > Industrial output grew by 2.3 per cent in January from one year back

Published: 29 February 2008

Industrial output grew by 2.3 per cent in January from one year back

According to Statistics Finland, industrial output adjusted to working days was 2.3 per cent higher in January 2008 than twelve months earlier. In January output grew the most in the metal industry. Its growth amounted to 8.6 per cent. In the chemical industry output increased by 3.9 per cent in January. Output declined most, by 5.6 per cent, in energy supply. In the wood and paper industry output in January was 2.6 per cent down on the previous year. In other manufacturing output decreased by 2.1 per cent.

Revised data for January 2008 will be published at 9 am on 31 March 2008 in connection with the industrial output data for February 2008.

Where appropriate, the use of value data has been increased again in early 2008. This has enabled the more comprehensive than before inclusion in the statistics of services produced by manufacturing enterprises. Services may include not only so-called industrial services (repair, maintenance and installation) but also other services such as research and development services, administrative services, royalties and licences as well as merchanting services. The measures have also improved the coverage of the sample-based monthly index.

Starting from the January release on industrial output, Statistics Finland has used annual change percentages which are based on working day adjusted data instead of seasonally adjusted data. This revision is based on the most recent international recommendations. The seasonally adjusted point figures used before as well all previously released data can still be found on Statistics Finland's website.

More information on the revision of the Volume Index of Industrial Output is available at

http://tilastokeskus.fi/til/ttvi/2007/12/ttvi_2007_12_2008-01-31_uut_001_en.html

Working day adjusted change in industrial output by industry 1/2007-1/2008, %

Seasonally adjusted change in industrial output from previous month, %

Working day adjusted change in industrial output from corresponding month of previous year, %

Source: Volume Index of Industrial Output 2008, January. Statistics Finland

Inquiries: Mr Kari Rautio +358 9 1734 2479, volyymi.indeksi@stat.fi

Director in charge: Ms Hannele Orjala

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Last updated 29.2.2008