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Home BUSINESSIndustrial output decreases by 5%
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Sun, 11 May, 2014 12:08:14 AM
FTimes Report, May 11
Working day adjusted change in total industrial output (BCDE) from corresponding month previous year, %, TOL 2008. Source: Statistics Finland.
The output of total industries adjusted for working days was 5.0 per cent less in March 2014 than that of twelve months back. 
According to Statistics Finland, the industrial output adjusted for working days went down by 5.8 per cent in the January to March period, compared to the corresponding period in 2013. 
Seasonally adjusted industrial output has also grown in two successive months.
New orders in manufacturing that anticipate the development of industrial output has grown in the early part of the year.
In February, seasonally adjusted output was 0.4 per cent higher than in January. In January, output decreased by 3.4 per cent from the previous month.
Industrial output diminished in almost all main industries in March.
The biggest drop of nearly 18 per cent was seen in the production of electricity. In the food industry, output decreased by 6.1 per cent.
In the metal industry, output was 4.9 per cent down in March compared to twelve months back.
Working day adjusted change in industrial output by industry 3/2013-3/2014, %, TOL 2008. Source: Statistics Finland.
Output in the chemical industry was in March 6.9 per cent up on twelve months back.
Besides, the capacity utilisation rate in manufacturing (C) was 80.1 per cent in March which was 0.1 percentage points higher than one year earlier.
In the forest industry, capacity utilisation rate was 86.9 per cent in March, or 2.6 percentage points higher than in March 2013.
In the metal industry, capacity utilisation rate was 80.1 per cent in March, which was 0.6 percentage points lower than one year earlier.
Revised data for March 2014 will be published at 9 am on 10 June, 2014 in connection with the release of industrial output data for April 2014. 
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