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

Latest publication: Volume index of industrial output 2019, August

Published: 10 May 2016

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

According to Statistics Finland, output of total industries adjusted for working days was 1.7 per cent lower in March 2016 than twelve months earlier. In the January to March period, industrial output adjusted for working days went down by 0.5 per cent from one year ago.

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 decreased in March by 1.7 per cent from February. In February, seasonally adjusted output grew by two per cent. In January, seasonally adjusted output decreased by 2.3 per cent month-on-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, output grew most in mining and quarrying, by 17.8 per cent. In the food industry, output grew by 3.2 per cent in March. Output declined most, by 9.7 per cent, in the chemical industry. In the metal industry, output decreased by 1.5 per cent in March from twelve months back.

Working day adjusted change in industrial output by industry 3/2015-3/2016, %, TOL 2008

Working day adjusted change in industrial output by industry 3/2015-3/2016, %, TOL 2008

In March, capacity utilisation rate in manufacturing (C) was 81.8 per cent, or 0.2 percentage points higher than one year earlier. In the forest industry, capacity utilisation rate was 90.3 per cent in March, or 2.4 percentage points higher than in March 2015. In the metal industry, capacity utilisation rate was 82.6 per cent in March, which was 0.8 percentage points lower than one year earlier.

Revised data for March 2016 will be published at 9 am on 10 June 2016 in connection with the release of industrial output data for April 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, March. 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 10.5.2016

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. March 2016. Helsinki: Statistics Finland [referred: 19.10.2019].
Access method: http://www.stat.fi/til/ttvi/2016/03/ttvi_2016_03_2016-05-10_tie_001_en.html