Home > Statistics > Volume index of industrial output > 2019 > October > Industrial output decreased month-on-month in October but increased year-on-year

Published: 10 December 2019

Industrial output decreased month-on-month in October but increased year-on-year

Seasonally adjusted industrial output (TOL BCD) fell by 0.5 per cent in October from the month before. According to Statistics Finland, industrial output adjusted for working days was 1.6 per cent higher in October 2019 compared to October 2018. Adjusted for working days, industrial output went up by 2.0 per cent in January to October from one year back.

Trend and seasonally adjusted series of industrial output (BCD), 2007/01 to 2019/10

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

Examined by main industry, seasonally adjusted industrial output grew in October most in mining and quarrying, by 7.8 per cent and in the industry of electricity, gas, steam and air conditioning supply, by 5.3 per cent. Output decreased most in the electrical and electronics industry, by 6.5 per cent month-on-month. Output also declined in the metal industry, by 2.8 per cent and in the food industry, by 0.8 per cent.

Seasonal adjusted change in industrial output by industry, 9/2019 to 10/2019, %, TOL 2008

Revised data for October 2019 will be published at 8 am on 10 January 2020 in connection with the release of industrial output data for November 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, October. 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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Reviews

• Industrial output increased by 1.6 per cent year-on-year in October (10.12.2019)

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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) (10.12.2019)
• Appendix figure 2. Trend series of manufacturing sub-industries, 2007/01 to 2019/10, TOL 2008 (10.12.2019)
• Appendix figure 3. Seasonally adjusted industrial output Finland, Germany, Sweden, France and United Kingdom (BCD) 2007 to 2019, TOL 2008 (10.12.2019)

Revisions in these statistics

• Revisions in these statistics (10.12.2019)

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Updated 10.12.2019