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Fri, 11 Mar, 2016 12:08:12 AM FTimes – STT 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 2016, January. Statistics Finland. Output of total industries adjusted for working days was 2.0 per cent lower year-on-year in January 2016, according to Statistics Finland.
January did not bring a turn to the industrial distress. Output in the metal industry was on a growth track in late 2015 but turned to a decline of 7.5 per cent in January.
The growth in the chemical industry and food industry was, however, positive.
Seasonally adjusted output fell in January by 2.1 per cent compared with the previous month. In December, seasonally adjusted output grew by 0.8 per cent.
Seasonally adjusted change in total industrial output (BCDE) from previous month, %, TOL 2008. Source: Volume Index of Industrial Output 2016, January. Statistics Finland. Seasonally adjusted output increased by 0.1 per cent in November from the previous month.
Among the main industries, the biggest growth of 9.4 per cent was recorded in the production of electricity.
In the food industry, the output grew by 2.8 per cent in January. It increased by 2.5 per cent in the chemical industry from one year ago.
The output fell most in the electrical and electronics industry, by 15.0 per cent. It decreased by 7.5 per cent in the metal industry from twelve months back.
Working day adjusted change in industrial output by industry 1/2015-1/2016, %, TOL 2008. Source: Volume Index of Industrial Output 2016, January. Statistics Finland. In January, capacity utilisation rate in manufacturing (C) was 79.2 per cent, or 0.3 percentage points lower than one year earlier.
In the forest industry, capacity utilisation rate was 91.6 per cent in January, or 4.8 percentage points higher than in January 2015. The rate was 78.3 per cent in the metal industry in January, which was 2.8 percentage points lower than one year earlier.
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