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

Latest publication: Volume index of industrial output 2017, March

Published: 10 April 2017

Industrial output decreased by 0,1 per cent year-on year in February

According to Statistics Finland, output of total industries adjusted for working days was 0.1 per cent lower in February 2017 than in February 2016. This year’s February had one fewer working day than last year. Original output fell by 0.2 per cent in February from one year back.

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

In February, seasonally adjusted output decreased by 0.4 per cent from the month before. In January, output remained on level with the previous month and in December, output declined by 0.7 per cent.

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

In February, output increased most, or by 7.0 per cent, in the chemical industry. Output in mining and quarrying went up by 5.8 per cent from one year ago and in the electrical and electronics industry by 1.0 per cent. Output in the metal industry went down by 0.3 per cent year-on-year and in the food industry by 0.9 per cent. In the forest industry, output declined by 4.3 per cent from the previous year.

Working day adjusted change in industrial output by industry 2/2016-2/2017, %, TOL 2008

Working day adjusted change in industrial output by industry 2/2016-2/2017, %, TOL 2008

In February, capacity utilisation rate in manufacturing (C) was 82.8 per cent, which was 0.7 per cent higher than one year earlier. In the forest industry, capacity utilisation rate was 90.2 per cent in February, or 0.4 percentage points lower than in February 2016. In the metal industry, capacity utilisation rate was 84.2 per cent in February, which was 1.8 percentage points higher than one year earlier.

Revised data for February 2017 will be published at 9 am on 10 May 2017 in connection with the release of industrial output data for March 2017. 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 2017, February. Statistics Finland

Inquiries: Kari Rautio 029 551 2479, Maarit Mäkelä 029 551 3324, volyymi.indeksi@stat.fi

Director in charge: Mari Ylä-Jarkko

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Updated 10.4.2017

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. February 2017. Helsinki: Statistics Finland [referred: 30.5.2017].
Access method: http://www.stat.fi/til/ttvi/2017/02/ttvi_2017_02_2017-04-10_tie_001_en.html

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