Industrial output decreased by 4.5 per cent year-on-year in March

According to Statistics Finland, output of total industries adjusted for working days was 4.5 per cent lower in March 2015 than twelve months earlier. During January to March, industrial output declined by 3.7 per cent year-on-year.

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

Seasonally adjusted output decreased in March by 0.7 per cent from February. In February, seasonally adjusted output went down by 0.1 per cent. In January, seasonally adjusted output decreased by 1.5 per cent month-on-month.

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

Industrial output diminished in several main industries in March. Output declined most, by 25 per cent, in mining and quarrying. Output in the metal industry fell by 6.1 per cent. In the chemical industry output was 1.0 per cent lower in March than one year ago.

Working day adjusted change in industrial output by industry 3/2014-3/2015, %, TOL 2008

In March, capacity utilisation rate in manufacturing (C) was 81.4 per cent, or 0.6 percentage points higher than one year earlier. In the forest industry, capacity utilisation rate was 86.2 per cent in March, or 1.3 percentage points lower than in March 2014. In the metal industry, capacity utilisation rate was 82.9 per cent in March, which was 2.8 percentage points higher than one year earlier.

Revised data for March 2015 will be published at 9 am on 10 June 2015 in connection with the release of industrial output data for April 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, March. 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 4.5 per cent year-on-year in March (8.5.2015)

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Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. March 2015. Helsinki: Statistics Finland [referred: 28.12.2024].
Access method: http://www.stat.fi/til/ttvi/2015/03/ttvi_2015_03_2015-05-08_tie_001_en.html