Published: 10 May 2017

Industrial output grew by 2,6 per cent year-on year in March

According to Statistics Finland, output of total industries adjusted for working days was 2.6 per cent higher in March 2017 than in March 2016. This year’s March had two working days more than last year. Original output grew by 6.5 per cent in March from one year back. Adjusted for working days, industrial output went up by 1.6 per cent in January to March from one year back.

Working day adjusted change in total industrial output (BCDE) from corresponding month previous year, %, TOL 2008

Working day adjusted change in total industrial output (BCDE) from corresponding month previous year, %, TOL 2008

Seasonally adjusted output went up by 0.7 per cent in March from the month before. In February, output declined by 0.5 per cent from the month before and in January, output was on level with December.

Seasonally adjusted change in total industrial output (BCDE) from previous month, %, TOL 2008

Seasonally adjusted change in total industrial output (BCDE) from previous month, %, TOL 2008

In March, output grew in several main industries. Output increased most, by 15.2 per cent, in mining and quarrying. In the chemical industry, output grew by 10.7 per cent. In the metal industry, output increased by 1.9 per cent from one year back. Output in the forest industry increased by 1.2 per cent from the previous year. In the electrical industry output declined by 3.5 per cent.

Working day adjusted change in industrial output by industry 3/2016-3/2017, %, TOL 2008

Working day adjusted change in industrial output by industry 3/2016-3/2017, %, TOL 2008

In March, capacity utilisation rate in manufacturing (C) was 84.4 per cent, or 2.6 per cent higher than one year earlier. In the forest industry, capacity utilisation rate was 92.5 per cent in March, or 2.4 percentage points higher than in March 2016. In the metal industry, capacity utilisation rate was 85.1 per cent in March, which was 3.2 per cent higher than one year earlier.

Revised data for March 2017 will be published at 9 am on 9 June 2017 in connection with the release of industrial output data for April 2017. The revision is influenced by the estimation used in the latest release, which concerns the periodic tax return data used for enterprises with fewer than 50 employees. Because of the method used, seasonally adjusted figures for previous months may change even if the original figures do not become revised. The seasonally adjusted figures will also be adjusted for working days.


Source: Volume Index of Industrial Output 2017, March. Statistics Finland

Inquiries: Kari Rautio 029 551 2479, Maarit Mäkelä 029 551 3324, volyymi.indeksi@stat.fi

Director in charge: Mari Ylä-Jarkko

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Updated 10.5.2017

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. March 2017. Helsinki: Statistics Finland [referred: 23.5.2017].
Access method: http://www.stat.fi/til/ttvi/2017/03/ttvi_2017_03_2017-05-10_tie_001_en.html

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