Industrial output decreased in May both year-on-year and from the month before

Seasonally adjusted industrial output (TOL BCD) fell by 2.8 per cent in May from the month before. According to Statistics Finland, industrial output adjusted for working days was 0.3 per cent lower in May 2019 than in May 2018. During January to May, working day adjusted output went up by 1.6 per cent from the year before.

Trend and seasonally adjusted series of industrial output (BCD), 2007/01 to 2019/05

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

Examined by main industry, seasonally adjusted industrial output decreased most in May in mining and quarrying, by as much as 37.5 per cent due to several shutdowns. Output in the electrical and electronics industry fell by 8.5 per cent compared with the previous month, by 4.5 per cent in the metal industry, and by 0.6 per cent in the chemical industry. In May, output increased most in electricity, gas steam and air conditioning supply, by 2.6 per cent and in the forest industry, by 0.3 per cent.

Seasonal adjusted change in industrial output by industry, 4/2019 to 5/2019, %, TOL 2008

Revised data for May 2019 will be published at 8 am on 9 August 2019 in connection with the release of industrial output data for June 2019. 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 2019, May. Statistics Finland

Inquiries: Maarit Mäkelä 029 551 3324, Kirsi-Maaria Manninen 029 551 2681, volyymi.indeksi@stat.fi

Director in charge: Mari Ylä-Jarkko

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Industrial output decreased by 0.3 per cent year-on-year in May (10.7.2019)

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Revisions in these statistics (10.7.2019)

Updated 10.7.2019

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. May 2019. Helsinki: Statistics Finland [referred: 20.12.2024].
Access method: http://www.stat.fi/til/ttvi/2019/05/ttvi_2019_05_2019-07-10_tie_001_en.html