Industrial output increased by 2.1 per cent year-on-year in April

According to Statistics Finland, output of total industries adjusted for working days was 2.1 per cent higher in April 2016 than twelve months earlier. In the January to April period, industrial output adjusted for working days went up by 0.3 per cent from one year ago.

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

Seasonally adjusted output grew by 1.8 per cent from March in April. In March, seasonally adjusted output went down by 1.8 per cent. In February, seasonally adjusted output increased by 1.9 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 14.5 per cent. Output in the chemical industry was in April 6.6 per cent up on twelve months back. In the food industry, output grew by 2.7 per cent in April. Among the main industries, output only decreased in the forest industry, where output declined by 1.9 per cent from one year ago.

Working day adjusted change in industrial output by industry 4/2015-4/2016, %, TOL 2008

In April, capacity utilisation rate in manufacturing (C) was 83.4 per cent, or 2.4 percentage points higher than one year earlier. In the forest industry, capacity utilisation rate was 90 per cent in April, or 0.6 percentage points higher than in April 2015. In the metal industry, capacity utilisation rate was 85 per cent in April, which was 2.6 percentage points higher than one year earlier.

Revised data for April 2016 will be published at 9 am on 8 July 2016 in connection with the release of industrial output data for May 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, April. 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 increased by 2.1 per cent year-on-year in April (10.6.2016)

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Updated 10.6.2016

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. April 2016. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/ttvi/2016/04/ttvi_2016_04_2016-06-10_tie_001_en.html