Industrial output up by 1.5% in Feb | business

Sat, 09 Apr, 2016 12:02:14 AM

FTimes Report, Apr 9

Working day adjusted change in total industrial output (BCDE) from corresponding month previous year, %, TOL 2008. Source: Volume Index of Industrial Output 2016, February. Statistics Finland.

Output of total industries adjusted for working days went up by 1.5 per cent year-on-year in February 2016, according to Statistics Finland.

The output grew in several main industries in the month.

Seasonally adjusted industrial output went up by 1.6 per cent from January to February.

Seasonally adjusted change in total industrial output (BCDE) from previous month, %, TOL 2008. Source: Volume Index of Industrial Output 2016, February. Statistics Finland.

In January, seasonally adjusted output went down by 2.2 per cent while it increased by 0.9 per cent in December from the previous month.

Among the main industries, the output grew most in mining and quarrying, by nearly 20 per cent. In the food industry, the output grew by 5.5 per cent in February and in the chemical industry, it increased by 3.1 per cent from one year ago.

Working day adjusted change in industrial output by industry 2/2015-2/2016, %, TOL 2008. Source: Volume Index of Industrial Output 2016, February. Statistics Finland.

The output fell most in the electrical and electronics industry, by 8.2 per cent. In the metal industry, it decreased by 1.7 per cent in February from twelve months back as per the statistics.

In February, capacity utilisation rate in manufacturing (C) was 81.7 per cent, or 2.4 percentage points higher than one year earlier.

In the forest industry, capacity utilisation rate was 87.2 per cent in February, or 0.9 percentage points higher than in February 2015 while in the metal industry, the rate was 83.3 per cent in February, which was 2.8 percentage points higher than one year earlier.

Finland Times