Inquiry on volume index of industrial output
Description of the data collection
The inquiry on the volume index of industrial output asks monthly about the volume and value data of industrial output from enterprises or establishments.
The Council Regulation (EEC) No 1165/98 concerning short-term statistics obliges Statistics Finland to produce statistics describing short-term economic cycles on the volumes of industrial output, for example.
The data are collected with a web questionnaire.
From whom are data collected?
The inquiry on the volume index of industrial output covers around 900 most important establishments or enterprises of each industry. The selection criterion used is the size of the establishment or enterprise with respect to the value added of that industry.
In addition, the volume or value data of establishments or enterprises are inquired in a centralised manner from some central organisations or industrial unions.
Enterprises' obligation to provide the data is based on the Finnish Statistics Act (280/2004).
The Statistics Act obliges Statistics Finland to treat the data as confidential and use them only for statistical purposes. Statistics Finland is obliged to keep data on individual enterprises confidential.
The Volume Index of Industrial Output is one of the statistics subject to the so-called insider rules. According to the insider rules, only the persons listed in them may handle the data. They are also bound by pledge of secrecy.
What are the data used for?
The data are reported as industry-specific index figures in the statistics published.
The data are needed by Eurostat, the Statistical Office of the European Communities, public administration, research institutes, various industrial organisations, the media and individual citizens. The data are used for the preparation of economic cycle and monetary policies, evaluation of industry-specific development and money markets.
From 2010 onwards, Statistics Finland's own collection of data has been supplemented with the Tax Administration's periodic tax return data concerning enterprises employing fewer than 50 persons.
How often are data collected?