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Industrial output decreased in April 2023 both from the previous month and from one year back

release | Volume index of industrial output 2023, April

Seasonally adjusted industrial output (TOL BCD) decreased by 1.7 per cent in April from the month before. According to Statistics Finland, industrial output adjusted for working days also went down by 2.4 per cent compared to April 2022.

Key selections

  • Both seasonally adjusted and working day adjusted industrial output (BCD) decreased in April 2023.
  • Industrial output decreased in nearly all examined main industries in April.
  • Output was higher than in the year before only in electricity, gas, steam and air conditioning supply and in the metal industry.

Output decreased from the previous month in nearly all examined main industries

Adjusted for working days, industrial output (C) declined by 3.8 per cent in April from one year earlier. Seasonally adjusted output fell by 1.8 per cent from the month before.

Among the examined main industries, industrial output grew in April only in the food industry, by 2.1 per cent, and in electricity, gas, steam and air conditioning supply, by 0.1 per cent from the month before. Output declined most in the chemical industry, by 4.1 per cent. Output decreased by 3.4 per cent in mining and quarrying and by 3.1 per cent in the electrical and electronics industry compared to March.

Output also decreased in nearly all examined main industries from one year ago. Output grew from the year before only in electricity, gas, steam and air conditioning supply, up by 6.6 per cent and in the metal industry, up by 0.7 per cent. Output decreased most in the electrical and electronics industry, by 15.1 per cent, and in the chemical industry, by 12.6 per cent.

Figures

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Seasonal adjusted change in industrial output by industry, 3/2023 to 4/2023, %, TOL 2008

Tables

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Volume index of industrial output, share of industry in total industries (BCD), original, working day adjusted, seasonally adjusted change percentage 4/2023

Database tables

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Updated database tables
Classifications used:
  • Standard Industrial Classification (TOL 2008)
Period:
month
Updated:
Classifications used:
  • Revision
  • Standard Industrial Classification (TOL 2008)
Period:
month
Updated:

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