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Published: 10 October 2018

Industrial output grew in August both year-on–year and from the month before

Seasonally adjusted industrial output (TOL BCD) grew by 0.2 per cent in August from the month before. According to Statistics Finland, industrial output adjusted for working days was 1.8 per cent higher in August 2018 than in August 2017. Hot summer made Finns thirsty, the manufacture of beverages grew briskly. Adjusted for working days, industrial output went up by 4.0 per cent in January to August from one year back.

Trend and seasonally adjusted series of industrial output (BCD), 2007/01 to 2018/08

In August, seasonally adjusted output went up by 0.2 per cent from the month before. In July seasonally adjusted output went down by 1.6 per cent from June.

Seasonally adjusted change in industrial output (BCD) from previous month, %, TOL 2008

Examined by main industry, seasonally adjusted industrial output grew most in August in the chemical industry, 6.1 per cent. In the food industry, output was 0.2 per cent higher than in July. Seasonally adjusted industrial output fell most, by 13.0 per cent, in mining and quarrying. Output went down by 0.6 per cent in the metal industry.

Seasonal adjusted change in industrial output by industry, 07/2018 to 08/2018, %, TOL 2008

Revised data for August 2018 will be published at 9 am on 9 November 2018 in connection with the release of industrial output data for September 2018. The revision is influenced by the estimation used in the latest release, which is based on the Tax Administration's data on self-assessed taxes used for enterprises with fewer than 50 employees. Because of the method used, seasonally adjusted figures for previous months may change even if the original figures do not become revised. The seasonally adjusted figures will also be adjusted for working days.

Source: Volume Index of Industrial Output 2018, August. Statistics Finland

Inquiries: Kari Rautio 029 551 2479, Maarit Mäkelä 029 551 3324, volyymi.indeksi@stat.fi

Director in charge: Mari Ylä-Jarkko

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Reviews

• Industrial output grew by 1.8 per cent year-on-year in August (10.10.2018)

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Figures

• Appendix figure 1. Three months' year-on-year change in manufacturing (C) sub-industries adjusted for working days (TOL 2008) (10.10.2018)
• Appendix figure 2. Trend series of manufacturing sub-industries, 2007/01 to 2018/08, TOL 2008 (10.10.2018)
• Appendix figure 3. Seasonally adjusted industrial output Finland, Germany, Sweden, France and United Kingdom (BCD) 2007 to 2018, TOL 2008 (10.10.2018)

Revisions in these statistics

• Revisions in these statistics (10.10.2018)

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Updated 10.10.2018