Published: 10 April 2018

Industrial output grew in February year-on–year but decreased from the previous month

Seasonally adjusted industrial output (TOL BCD) decreased in February by 1.2 per cent from the previous month. According to Statistics Finland, industrial output adjusted for working days was 3.4 per cent higher in February 2018 than in February 2017.

Trend and seasonally adjusted series of industrial output (BCD), 2007/01 to 2018/02

Trend and seasonally adjusted series of industrial output (BCD), 2007/01 to 2018/02

Seasonally adjusted output went down by 1.2 per cent in February from the month before. In January, seasonally adjusted output went down by 0.2 per cent from December.

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

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

Among the main industries, seasonally adjusted industrial output decreased in February most, by 12.6 per cent, in the mining and quarrying. In the electrical and electronic industry, seasonally adjusted output was 4.3 per cent lower in February than in January. In the metal industry output decreased 2.2 per cent in February from the month before. Output increased most, by 5.3 per cent, in the electricity, gas, steam and air conditioning supply.

Seasonal adjusted change in industrial output by industry, 01/2018 to 02/2018, %, TOL 2008

Seasonal adjusted change in industrial output by industry, 01/2018 to 02/2018, %, TOL 2008

Revised data for February 2018 will be published at 9 am on 9 May 2018 in connection with the release of industrial output data for March 2018. 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 2018, February. Statistics Finland

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

Director in charge: Sami Saarikivi

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Updated 10.4.2018

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. February 2018. Helsinki: Statistics Finland [referred: 27.4.2018].
Access method: http://www.stat.fi/til/ttvi/2018/02/ttvi_2018_02_2018-04-10_tie_001_en.html

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