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Home BUSINESSFood industry impacts highest employment in manufacturing
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Thu, 05 Nov, 2015 12:26:54 AM
FTimes Report, Nov 5
 
Total impact of an increase of EUR one million in final use on the number of employed persons in manufacturing industries (TOL C) in 2010 to 2011. Source: Input-output 2010 and 2011, Statistics Finland.
The Food industry had the highest relative total impacts of all manufacturing industries on employment in Finland's national economy in 2010 and 2011, according to Statistics Finland's input-output statistics.
 
The total impact of an increase of euro one million in the final use of the products of the industry on the number of employed persons in Finland's national economy was 15 employed persons in 2010 and 14 employed persons in 2011 as per the labour input coefficients.
 
The employment impacts were the next highest in 13_15 Textile, clothing and leather industries and in 31_32 Manufacture of furniture and other products.
 
The total impact on the number of employed persons is comprised of direct impact and indirect impact.
 
Direct impact is the increase of euro one million in the final use demand of the product on the industry's employment.
 
In indirect impacts, account is taken of the multiplier impacts of an increase of euro one million of the final use demand through inputs bought from other industries on the production and employment of other industries.
 
Statistics Finland publishes annually the supply and use tables describing product flows in the national economy, and the input-output and analysis tables are derived from there.  
 
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