Economy

Industrial output decreased by 5.4 per cent in February

According to Statistics Finland, output of total industries adjusted for working days was 5.4 per cent lower in February 2014 than in February 2013.

Seasonally adjusted industrial output went up by 0.2 per cent from January to February. In January, seasonally adjusted output was 3.4 per cent lower than in December. In December, output decreased by 0.5 per cent from the previous month.

Industrial output diminished in several main industries in February, Statistics Finland says. Output fell most in the electrical and electronics industry, by 10.9 per cent. In February, output in the metal industry decreased by 9.4 per cent from one year ago.

In the chemical industry, output decreased by 3.8 per cent from twelve months back. In February among main industries, output increased in the food and forest industry. In the food industry, output grew by 1.5 per cent year-on-year in February.

Capacity utilisation rate in manufacturing  was 78.2 per cent in February, or 0.6 percentage points lower than one year earlier. In the forest industry, capacity utilisation rate was 86.9 per cent in February, or 4.5 percentage points higher than in February 2013. In the metal industry, capacity utilisation rate was 78 per cent in February, which was 2.7 percentage points lower than one year earlier.

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