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Wed, 11 Feb, 2015 12:02:01 AM FTimes Report, Feb 11  Working day adjusted change in total industrial output (BCDE) from corresponding month previous year, %, TOL 2008. Source: Volume Index of Industrial Output 2014, December. Statistics Finland. Output of total industries adjusted for working days was 0.9 per cent lower in December 2014 compared to that of one year back, according to Statistics Finland.
The industrial output contracted by 2.6 per cent in 2014 from 2013.
Industrial output has decreased continuously for three years in a row, the data show.
The original index in total industries grew by 3.6 per cent in December.
Seasonally adjusted change in total industrial output (BCDE) from previous month, %, TOL 2008. Source: Volume Index of Industrial Output 2014, December. Statistics Finland. Finland’s industrial output has dropped by 19 per cent from the level in 2008 preceding the financial crisis.
In December, seasonally adjusted output fell by 0.1 per cent from November. In November, seasonally adjusted output went down by 0.2 per cent.
In October, seasonally adjusted output increased by 0.2 per cent from the previous month.
Already one-half of the main industries were growing. The largest growth of nearly 10 per cent was recorded in the chemical industry. Mining and quarrying grew by 9.4 per cent from twelve months back.
In December, the output of electrical and electronics industry increased by close on one per cent. Production declined most in the food industry, by 5.1 per cent, from one year back. In the metal industry, output decreased by 1.1 per cent in December.
Working day adjusted change in industrial output by industry 12/2013-12/2014, %, TOL 2008. Source: Volume Index of Industrial Output 2014, December. Statistics Finland. The capacity utilisation rate in manufacturing was 76.4 per cent, or 0.7 percentage points higher than one year earlier.
In the forest industry, capacity utilisation rate was 77.1 per cent in December, or one percentage point higher than in December 2013.
In the metal industry, capacity utilisation rate was 79.2 per cent in December, which was 1.9 percentage points higher than one year earlier as per the statistics.
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