Industrial output grew by 4.2 per cent in February

Corrected 28 June 2011
Nearly all figures have been revised. Further information about the correction.

According to Statistics Finland, output of total industries adjusted for working days was 4.2 per cent higher in February 2011 than twelve months earlier. In January, output was 2.2 per cent higher than in January 2010.

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

Seasonally adjusted industrial output went up by 1.9 per cent from January to February. In January, output decreased by 4.5 per cent from the previous month. In December 2010, seasonally adjusted output grew by 1.1 per cent from November.

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

Output went up in most main industries in February. The biggest growth among the industries was recorded in the metal industry where output was 11.2 per cent higher than in February 2010. In mining and quarrying, output grew by 11.2 per cent, and in the chemical industry by 3.5 per cent. Output in the electrical and electronics industry went up by 5.8 per cent. Among the main industries, output fell in electricity, gas, steam and air conditioning supply. In the forest industry, output declined by 7.2 per cent.

Working day adjusted change in industrial output by industry 2/2010-2/2011, %, TOL 2008

Capacity utilisation rate in manufacturing was 78.3 per cent in February, or 4.4 percentage points higher than one year earlier. In the forest industry, capacity utilisation rate was 82 per cent in February, or 1.2 percentage points lower than in February 2010. In the metal industry, capacity utilisation rate was 79.3 per cent in February, or 8.2 percentage points higher than one year earlier.

Source: Volume Index of Industrial Output 2011, February. Statistics Finland

Inquiries: Kari Rautio (09) 1734 2479, volyymi.indeksi@stat.fi

Director in charge: Hannele Orjala

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Industrial output grew by 4.2 per cent in February (8.4.2011)

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Updated 28.6.2011

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. February 2011. Helsinki: Statistics Finland [referred: 27.5.2012].
Access method: http://www.stat.fi/til/ttvi/2011/02/ttvi_2011_02_2011-04-08_tie_001_en.html.

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