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Finland’s Industrial output down by 4% in April 2015

byCustoms Today Report
15/06/2015
in Uncategorized
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HELSINKI: Working day adjusted change in total industrial output (BCDE) from corresponding month previous year, %, TOL 2008. Source: Volume Index of Industrial Output 2015, April. Statistics Finland.

Output of total industries adjusted for working days was four per cent lower in April 2015 than twelve months earlier, according to Statistics Finland. The industrial output declined by 4.3 per cent year-on-year during January to April period. Seasonally adjusted output grew by 0.1 per cent from March in April. But it had gone down by 0.4 per cent in March.

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Seasonally adjusted output decreased by 0.5 per cent month-on-month in February. Seasonally adjusted change in total industrial output (BCDE) from previous month, %, TOL 2008. Source: Volume Index of Industrial Output 2015, April. Statistics Finland.ndustrial output diminished in several main industries in April. The output declined most, by 20 per cent, in mining and quarrying while it fell by 3.9 per cent in the metal industry.

In the chemical industry, the output went down by close on 10 per cent in April from one year ago. The drop is partially due to a service stoppage in oil refining. In April, capacity utilisation rate in anufacturing (C) was 80.4 per cent, or 0.5 percentage points lower than one year earlier.

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