Industrial output down by 3.9% in Jan | business

Wed, 11 Mar, 2015 12:05:10 AM

FTimes Report, Mar 11

Working day adjusted change in total industrial output (BCDE) from corresponding month previous year, %, TOL 2008. Source: Volume Index of Industrial Output 2015, January. Statistics Finland.

The total output of industries adjusted for working days was 3.9 per cent lower in January 2015 than that of the previous year, according to Statistics Finland.

Industrial output has been declining continuously for a couple of years.

Seasonally adjusted output fell in January by 2.3 per cent compared with the previous month.

In December, seasonally adjusted output grew by 0.3 per cent and in November it decreased by 0.3 per cent month-on-month, the data show.

Seasonally adjusted change in total industrial output (BCDE) from previous month, %, TOL 2008. Source: Volume Index of Industrial Output 2015, January. Statistics Finland.

Industrial output diminished in almost all main industries in January.

Output declined most (by 17 per cent) in mining and quarrying and diminished by 8.5 per cent in the chemical industry.

The output diminished by 1.9 per cent in the metal industry.

Among the main industries, the output increased in the electrical and electronics industry by nearly seven per cent.

Working day adjusted change in industrial output by industry 1/2014-1/2015, %, TOL 2008. Source: Volume Index of Industrial Output 2015, January. Statistics Finland.

Capacity utilisation rate in manufacturing (C) was 79.3 per cent, or 1.3 percentage points higher than one year earlier.

In the forest industry, capacity utilisation rate was 84.2 per cent in January, or 1.1 percentage points higher than in January 2014.

In the metal industry, capacity utilisation rate was 81.7 per cent in January, which was 3.7 percentage points higher than one year earlier.

Finland Times