Industrial output grows by 3.1% in April

Output of total industries adjusted for working days was 3.1 per cent higher in April 2017 than twelve months earlier, according to Statistics Finland.

This year’s April had three working days fewer than last year. Original output declined by 3.3 per cent in April from one year back. During January to April, working day adjusted output went up by 2.0 per cent from the year before.

In April, seasonally adjusted output went up by 0.7 per cent from the month before. In March output grew by 1.3 per cent from the previous month and in February output declined by 0.7 per cent from January.

In April, output grew in several main industries. Output increased most in the electrical and electronics industry, or by 8.5 per cent. In the metal industry, output grew by 7.1 per cent. In the forest industry output increased by one per cent from the previous year. Output declined most, by 5.6 per cent, in the chemical industry.

In April, capacity utilisation rate in manufacturing (C) was 82.4 per cent, or 0.8 per cent lower than one year earlier. In the forest industry, capacity utilisation rate was 92.6 per cent in April, or two percentage points higher than in April 2016. In the metal industry, capacity utilisation rate was 83.4 per cent in April, which was 0.2 per cent higher than one year earlier.

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