Industrial output went up by 4.4 per cent year-on-year in February

According to Statistics Finland, industrial output adjusted for working days was 4.4 per cent higher in February 2008 than twelve months earlier. The biggest growth in February was recorded in the manufacture of electrical and electronic products where output increased by 14 per cent. In the metal industry, output went up by 8.9 per cent and in the chemical industry by 7.8 per cent in February. In other manufacturing output grew by 0.6 per cent. Output declined most, by 12.4 per cent, in energy supply. In the wood and paper industry, output was 1.3 per cent lower this February than twelve months ago.

Revised data for January and February will be published at 9 am on 30 April 2008 in connection with the release of industrial output data for March.

Where appropriate, the use of value data has been increased again in early 2008. This has made it possible to widen the coverage of services produced by manufacturing enterprises in the statistics. Besides so-called industrial services (repair, maintenance and installation), these may also comprise 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 latest international recommendations. The seasonally adjusted point figures and change percentages 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 2/2007-2/2008, %

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, February. 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 31.3.2008

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. February 2008. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/ttvi/2008/02/ttvi_2008_02_2008-03-31_tie_001_en.html