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

Seasonally adjusted industrial output (TOL BCD) grew by 0.3 per cent in December from the month before. According to Statistics Finland, industrial output adjusted for working days was 0.6 per cent higher in December 2019 compared to December 2018. Adjusted for working days, industrial output went up by 2.0 per cent in January to December from one year back.

Trend and seasonally adjusted series of industrial output (BCD), 2007/01 to 2019/12

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

Examined by main industry, seasonally adjusted industrial output grew in December most in the electrical and electronics industry, by 7.2 per cent, in mining and quarrying, by 6.5 per cent and in electricity, gas, steam and air conditioning supply, by 4.7 per cent. The decline in output was strongest in the chemical industry, down by 3.1 per cent from the month before. Industrial output also decreased in the food industry, by 2.3 per cent, and in the forest industry, by 1.9 per cent.

Seasonal adjusted change in industrial output by industry, 11/2019 to 12/2019, %, TOL 2008

Revised data for December 2019 will be published at 8 am on 10 March 2020 in connection with the release of industrial output data for January 2020. 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 are also adjusted for working days.

Source: Volume Index of Industrial Output 2019, December. 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 increased by 0.6 per cent year-on-year in December (10.2.2020)

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Updated 10.2.2020

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. December 2019. Helsinki: Statistics Finland [referred: 19.11.2024].
Access method: http://www.stat.fi/til/ttvi/2019/12/ttvi_2019_12_2020-02-10_tie_001_en.html