Industrial output decreased by 5.1 per cent year-on-year in February

According to Statistics Finland, output of total industries adjusted for working days was 5.1 per cent lower in February 2015 than in February 2014. During January to February, industrial output declined by 4.9 per cent year-on-year.

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

Seasonally adjusted industrial output went down by 0.4 per cent from January to February. In January, seasonally adjusted output went down by two per cent. In December, seasonally adjusted output decreased by 0.5 per cent month-on-month.

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

Industrial output diminished in all main industries in February. Output declined by most, or by good 18 per cent, in mining and quarrying. In the chemical industry, output diminished by 5.3 per cent. In the metal industry, output decreased by 4.7 per cent in February.

Working day adjusted change in industrial output by industry 2/2014-2/2015, %, TOL 2008

In February, capacity utilisation rate in manufacturing (C) was 78.9 per cent, or 0.3 percentage points higher than one year earlier. In the forest industry, capacity utilisation rate was 84.3 per cent in February, or 2.9 percentage points lower than in February 2014. In the metal industry, capacity utilisation rate was 79.9 per cent in February, which was 2.3 percentage points higher than one year earlier.

Revised data for February 2015 will be published at 9 am on 8 May 2015 in connection with the release of industrial output data for March 2015. 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 2015, February. Statistics Finland

Inquiries: Kari Rautio 029 551 2479, Heidi Myllyl� 029 551 3792, volyymi.indeksi@stat.fi

Director in charge: Hannele Orjala

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Industrial output decreased by 5.1 per cent year-on-year in February (10.4.2015)

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Updated 10.4.2015

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. February 2015. Helsinki: Statistics Finland [referred: 26.11.2024].
Access method: http://www.stat.fi/til/ttvi/2015/02/ttvi_2015_02_2015-04-10_tie_001_en.html