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Information about data revisions to the Volume Index of Industrial Output

Final index for 2013

The data on the Volume Index of Industrial Output for the year 2013 are final. The final annual volume index is based on the regional statistics on entrepreneurial activity. In order to calculate the final annual changes, the changes in gross value at the 3-digit level of the industrial classification have been divided by changes in the producer price index of the industries concerned. The preliminary annual change of the monthly index has been revised with the obtained coefficient. Calculation of the final annual volume index influences the index point figures and change percentages for 2013.

Below is a table showing annual changes of the preliminary monthly index and the final annual index by industry.

Table 1. Volume Index of Industrial Output 2013, preliminary and final annual changes

TOL 2008
Annual index 2013, %
Preliminary Final
Total industries (BCDE) -3.3 -3.1
Mining and quarrying (B) 14.8 4.4
Manufacturing (C) -4.3 -3.8
Food industry (10-11) -0.1 -0.1
Forest industry (16-17) -0.6 -0.1
Chemical industry (19-22) -2.4 -0.3
Metal industry (24-30, 33) -5.8 -6.2
Electrical and electronics industry (26-27) -14.1 -11.1
Manufacture of motor vehicles (29-30) 36.0 14.4
Electricity, gas, steam and air conditioning supply (D) 1.1 1.1

Revisions in 2015

Industry-specific weights for value added and gross value weights for each stratum have also been changed to correspond to the situation in 2013. The value added share of the electrical and electronics industry increased from 2012.

The table below shows the industry-specific shares for value added of the value added of total industries (BCDE) in 2012 and 2013.

Table 2. Value added shares in industry in 2012 and 2013

TOL 2008 Value added share 2012 (%) Value added share 2013 (%)
Total industries (BCDE) 100.0 100.0
Mining and quarrying (B) 2.0 1.9
Manufacturing (C) 83.9 85.0
Food industry (10-11) 8.4 9.0
Forest industry (16-17) 13.3 13.0
Chemical industry (19-22) 13.7 13.4
Metal industry (24-30, 33) 39.5 41.4
Electrical and electronics industry (26-27) 8.5 10.3
Manufacture of motor vehicles (29-30) 2.8 2.6
Electricity, gas, steam and air conditioning supply (D) 10.7 10.6

Updating of sample

The number of small and medium-size enterprises has increased. With respect to enterprises with fewer than 50 employees, in addition to Statistics Finland's own data collection, data obtained from the Tax Administration's periodic tax return data is utilised in the index calculation. Periodic tax return data is not available for the newest month to be published, so estimation is used.

The statistics will become revised in later releases when the estimated figure used in the first releases is replaced with the actual figure.

Last updated 10.4.2015

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. Helsinki: Statistics Finland [referred: 29.11.2022].
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