Home > Statistics > Volume index of industrial output > 2016 > February > Industrial output went up by 1.5 per cent year-on-year in February

Published: 8 April 2016

Industrial output went up by 1.5 per cent year-on-year in February

According to Statistics Finland, output of total industries adjusted for working days was 1.5 per cent higher in February 2016 than in February 2015. Output grew in several main industries in February.

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

Seasonally adjusted industrial output went up by 1.6 per cent from January to February. In January, seasonally adjusted output went down by 2.2 per cent. In December, seasonally adjusted output increased by 0.9 per cent from the previous month.

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

Among the main industries, output grew most in mining and quarrying, by nearly 20 per cent. In the food industry, output grew by 5.5 per cent in February. In the chemical industry, output increased by 3.1 per cent from one year ago. Output fell most in the electrical and electronics industry, by 8.2 per cent. In the metal industry, output decreased by 1.7 per cent in February from twelve months back.

Working day adjusted change in industrial output by industry 2/2015-2/2016, %, TOL 2008

In February, capacity utilisation rate in manufacturing (C) was 81.7 per cent, or 2.4 percentage points higher than one year earlier. In the forest industry, capacity utilisation rate was 87.2 per cent in February, or 0.9 percentage points higher than in February 2015. In the metal industry, capacity utilisation rate was 83.3 per cent in February, which was 2.8 percentage points higher than one year earlier.

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

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

Director in charge: Mari Ylä-Jarkko

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Reviews

• Industrial output went up by 1.5 per cent year-on-year in February (8.4.2016)

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Figures

• Appendix figure 1. Working day adjusted change percentage of industrial output February 2015 /February 2016, TOL 2008 (8.4.2016)
• Appendix figure 2. Seasonally adjusted change percentage of industrial output January 2016 /February 2016, TOL 2008 (8.4.2016)
• Appendix figure 3. Seasonally adjusted industrial output Finland, Germany, Sweden, France and United Kingdom (BCD) 2005 - 2016, 2010=100, TOL 2008 (8.4.2016)

Revisions in these statistics

• Revisions in these statistics (8.4.2016)

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Updated 8.4.2016