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

release | Volume index of industrial output 2023, June

Seasonally adjusted industrial output (TOL BCD) decreased in June by 3.3 per cent from the month before. According to Statistics Finland, industrial output adjusted for working days also went down, by 6.1 per cent compared to June 2022.

Key selections

  • Both seasonally adjusted and working day adjusted industrial output (BCD) decreased in June 2023.
  • Output decreased most compared to the previous year in the forest industry.
  • Output increased from one year ago only in the industry of electricity, gas, steam and air conditioning supply.

Output decreased from one year back and the previous month in nearly all examined main industries

Adjusted for working days, output in manufacturing (C) declined by 7.7 per cent in June compared to one year earlier. Seasonally adjusted output decreased by 3.0 per cent from the month before.

Compared to the previous month, industrial output decreased in June in nearly all examined main industries. In June, output increased only in the food industry, by 1.6 per cent compared to May. The chemical industry, 6.6 per cent, and the electrical and electronics industry, 6.0 per cent, fell most compared to May. Output decreased by 5.1 per cent in the forest industry and by 2.8 per cent in the metal industry.

Compared to one year ago, output declined most in the forest industry, 22.4 per cent, and in mining and quarrying, 20.1 per cent. In the chemical industry, output fell by 11.9 per cent from June 2022. In the electrical and electronics industry output decreased by 5.4 per cent and in the metal industry by 2.6 per cent. Compared to one year ago, output grew only in electricity, gas, steam and air conditioning supply, by 12.4 per cent.

Figures

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Seasonal adjusted change in industrial output by industry, 5/2023 to 6/2023, %, 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 6/2023

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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Maarit Mäkelä
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