Industrial output decreased month-on-month in August 2024 but increased year-on-year

Release related to topics:Enterprises
release | Volume index of industrial output 2024, August

Seasonally adjusted industrial output (TOL BCD) decreased by 0.9 per cent in August from the month before. According to Statistics Finland, industrial output adjusted for working days went up by 2.6 per cent compared to one year ago.

Key selections

  • Industrial output decreased by close on one per cent in August 2024 from the month before.
  • Among the examined main industries, output decreased most in the chemical industry.

Output grew in several main industries in August

Adjusted for working days, industrial output (C) grew by 3.0 per cent in August 2024 from one year earlier. Output decreased by 0.5 per cent from the previous month.

Among the main industries examined in the chart, industrial output grew in August most in mining and quarrying, by 14.7 per cent from the month before. Growth from July was also recorded in the forest industry (2.1%), the food industry (1.1%) and the metal industry (0.6%). Output decreased most from the previous month in the chemical industry (-9.8%) and in electricity, gas, steam and air conditioning supply (-7.0%). Output in the electrical and electronics industry decreased by 1.2 per cent from July.

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 8/2024

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Updated database tables
Classifications used:
    Reference period cycle:
    month
    Updating frequency:
    month
    Updated:
    Classifications used:
    • Standard Industrial Classification (TOL 2008)
    • Revision
    Reference period cycle:
    month
    Updating frequency:
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    Updated:

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    Referencing instructions

    Official Statistics of Finland (OSF): Volume index of industrial output [online publication].
    Reference period: 2024, August. ISSN=1798-9272. Helsinki: Statistics Finland [Referenced: 16.11.2024].
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