Industrial output grew in August 2023 both month-on-month and year-on-year

Output grew most in electricity, gas, steam and air conditioning supply from one year ago

Adjusted for working days, industrial output (C) declined by 0.3 per cent in August from one year earlier. Seasonally adjusted output grew by 1.8 per cent from the month before.

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Industrial output grew from the previous month in several of the examined main industries. Compared to July, most growth was recorded in the forest industry, 9.3 per cent, in mining and quarrying, 6.9 per cent, and in electricity, gas, steam and air conditioning supply, 5.9 per cent. Compared to the previous month, output decreased most in the electrical and electronics industry, by 12.2 per cent. Output also declined in the metal industry, by 0.7 per cent.

Compared to one year ago, output grew most in electricity, gas, steam and air conditioning supply, by 15.0 per cent, in the chemical industry, by 8.4 per cent and in the metal industry, by 2.1 per cent. Output decreased by 17.0 per cent in the forest industry and by 10.4 per cent in the electrical and electronics industry from August 2022.