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Home BUSINESSIndustrial output decreased by 9.7 per cent in a year
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Wed, 12 Jun, 2013 01:37:33 AM
FTimes Report, June 12

The output of the country’s total industries adjusted for working days has decreased by 9.7 per cent in the last one year, according to the Statistics Finland.

The data of the Statistic Finland shows that the total industrial output in last April was 9.7 per cent less than that in the corresponding period in the last year.

In the January to April period, industrial output adjusted for working days went down by 5.1 per cent in comparison with that in the corresponding time in the last year. 

The industrial output figures in March and April were affected by Easter, which occurred in different months in 2012 and 2013.

But the original output of total industries went down by 3.3 per cent from one year back in April.

Seasonally adjusted output fell down by 4.6 per cent from March in April while in March it was 2.1 per cent higher than in February. 

In February, output decreased by 1.1 per cent from the previous month.

Industrial output diminished in several main industries in April. 

Output fell most in the electrical and electronics industry, by 17.5 per cent and it is 15.9 per cent in the metal industry. 

Among the main industries, output increased by most, or by 16.7 per cent, in production of electricity. In mining and quarrying, output was nearly eight per cent higher compared with the year before.

Capacity utilisation rate in manufacturing (C) was 82.7 per cent in April which is 0.4 per cent higher than one year earlier. In the forest industry, capacity utilisation rate was 86.9 per cent in April which is 1.4 percentage points higher than in April 2012.

In the metal industry, the capacity utilisation rate was 84.1 per cent in April, which was 0.3 percentage points lower than one year earlier.

Revised data for April 2013 will be published on 10 July 2013 in connection with the release of industrial output data for May 2013.

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.

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