A more recent publication of this set of statistics is available.

Latest publication: Volume index of industrial output 2018, April

Published: 10 March 2016

Industrial output decreased by 2.0 per cent year-on-year in January

According to Statistics Finland, output of total industries adjusted for working days was 2.0 per cent lower in January 2016 than in January 2015. January did not bring a turn to the industrial distress. Output in the metal industry was on a growth track in late 2015 but turned to a decline of 7.5 per cent in January. The growth in the chemical industry and food industry was positive.

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

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

Seasonally adjusted output fell in January by 2.1 per cent compared with the previous month. In December, seasonally adjusted output grew by 0.8 per cent. In November, seasonally adjusted output increased by 0.1 per cent from the previous month.

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

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

Among the main industries, the biggest growth of 9.4 per cent was recorded in the production of electricity. In the food industry, output grew by 2.8 per cent in January. In the chemical industry, output increased by 2.5 per cent from one year ago. Output fell most in the electrical and electronics industry, by 15.0 per cent. In the metal industry, output decreased by 7.5 per cent from twelve months back.

Working day adjusted change in industrial output by industry 1/2015-1/2016, %, TOL 2008

Working day adjusted change in industrial output by industry 1/2015-1/2016, %, TOL 2008

In January, capacity utilisation rate in manufacturing (C) was 79.2 per cent, or 0.3 percentage points lower than one year earlier. In the forest industry, capacity utilisation rate was 91.6 per cent in January, or 4.8 percentage points higher than in January 2015. In the metal industry, capacity utilisation rate was 78.3 per cent in January, which was 2.8 percentage points lower than one year earlier.

Revised data for January 2016 will be published at 9 am on 8 April 2016 in connection with the release of industrial output data for February 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, January. 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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Updated 10.3.2016

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. January 2016. Helsinki: Statistics Finland [referred: 18.6.2018].
Access method: http://www.stat.fi/til/ttvi/2016/01/ttvi_2016_01_2016-03-10_tie_001_en.html

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