Industrial output decreased by 1.7 per cent year-on-year in November

According to Statistics Finland, output of total industries adjusted for working days was 1.7 per cent lower in November 2015 than in November 2014. During January to November, industrial output declined by 1.6 per cent year-on-year.

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

In November, seasonally adjusted output went down by 0.5 per cent from October. In October, seasonally adjusted output fell by 0.9 per cent from September. In September, seasonally adjusted output grew by 1.1 per cent from the month before.

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

Industrial output diminished in several main industries in November. Output fell most in the electrical and electronics industry, by 7.8 per cent. In the chemical industry, output decreased by 5.2 per cent from twelve months back. Industrial output went up by 2.5 per cent in the forest industry.

Working day adjusted change in industrial output by industry 11/2014-11/2015, %, TOL 2008

In November, capacity utilisation rate in manufacturing (C) was 81.1 per cent, or 1.3 percentage points higher than one year earlier. In the forest industry, capacity utilisation rate was 87.7 per cent in November, or 3.2 percentage points higher than in November 2014. In the metal industry, capacity utilisation rate was 82.1 per cent in November, or 1.1 percentage points higher than one year earlier.

Revised data for November 2015 will be published at 9 am on 10 February 2016 in connection with the release of industrial output data for December 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, November. Statistics Finland

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

Director in charge: Mari Yl�-Jarkko

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Industrial output decreased by 1.7 per cent year-on-year in November (8.1.2016)

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Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. November 2015. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/ttvi/2015/11/ttvi_2015_11_2016-01-08_tie_001_en.html