Industrial output decreased by 6 per cent year-on-year in February

According to Statistics Finland, output of total industries adjusted for working days was 6 per cent lower in February 2013 than in February 2012.

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

Seasonally adjusted industrial output went down by 1.4 per cent from January to February. In January, seasonally adjusted output was 3.6 per cent lower than in December. In December, output increased by 1.1 per cent from the previous month.

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

Industrial output diminished in almost all main industries in February. Output decreased most in the electrical and electronics industry, or by 18.7 per cent. In the food industry, output diminished by 8.9 per cent from February 2012 and in the metal industry by 8.5 per cent. Among main industries, output only increased in mining and quarrying, which grew by good 20 per cent compared with the year before.

Working day adjusted change in industrial output by industry 2/2012-2/2013, %, TOL 2008

Capacity utilisation rate in manufacturing (C) was 79.1 per cent in February, or 0.7 percentage points lower than one year earlier. In the forest industry, capacity utilisation rate was 83.1 per cent in February, or 1.9 percentage points higher than in February 2012. In the metal industry, capacity utilisation rate was 80.3 per cent in February, which was 0.7 percentage points lower than one year earlier.

Revised data for February 2013 will be published at 9 am on 10 May 2013 in connection with the release of industrial output data for March 2013. 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.

The base year 2010 is utilised for the calculation of the Volume Index of Industrial Output starting from the statistics for January 2013.

Source: Volume Index of Industrial Output 2013, February. Statistics Finland

Inquiries: Kari Rautio 09 1734 2479, Salla Simola 09 1734 3308, volyymi.indeksi@stat.fi

Director in charge: Hannele Orjala

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Industrial output decreased by 6 per cent year-on-year in February (10.4.2013)

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Updated 10.4.2013

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. February 2013. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/ttvi/2013/02/ttvi_2013_02_2013-04-10_tie_001_en.html