Industrial output grew in May 2023 both from the previous month and from one year back

Output grew from the previous month in several of the examined main industries

Adjusted for working days, output in manufacturing (C) increased by 1.0 per cent in May from one year earlier. Seasonally adjusted output grew by 2.1 per cent from the month before.

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In May, industrial output grew in several of the examined main industries. The industries with most growth were the electrical and electronics industry, 8.7 per cent, the chemical industry, 8.6 per cent, and electricity, gas, steam and air conditioning supply, 8.4 per cent. The fall in output was strongest in mining and quarrying, down by 11.9 per cent compared to April. In the forest industry, output decreased by 2.4 per cent from the previous month and in the food industry by 1.2 per cent.

Compared to one year ago, output grew most strongly in electricity, gas, steam and air conditioning supply, by 13.3 per cent. In both the chemical industry and the electrical and electronics industry, output was 7.9 per cent higher than in May 2022. Output decreased most in mining and quarrying, by 22.6 per cent, and in the forest industry, by 12.2 per cent.