Home > Statistics > Volume index of industrial output > 2020 > February > Industrial output grew in February from the month before but fell from the previous year

Published: 9 April 2020

Industrial output grew in February from the month before but fell from the previous year

Seasonally adjusted industrial output (TOL BCD) grew by 0.8 per cent in February from the previous month despite the steep decline of the forest industry. According to Statistics Finland, industrial output adjusted for working days was 0.1 per cent lower in February 2020 than in February 2019.

Trend and seasonally adjusted series of industrial output (BCD), 2007/01 to 2020/02

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

Examined by main industry, seasonally adjusted industrial output grew in February most in mining and quarrying, by 13.0 per cent and in the electronic and electrical industry, by 6.3 per cent. Growth was also recorded in the metal industry, up by 3.5 per cent, and in the industry of electricity, gas, steam and air conditioning supply, by 2.5 per cent from the month before. The industrial actions in the field in February dropped output strongly in the forest industry, which went down by 22.1 per cent compared with the previous month. In the chemical industry, output diminished by 0.2 per cent.

Seasonal adjusted change in industrial output by industry, 01/2020 to 02/2020, %, TOL 2008

Revised data for February 2020 will be published at 8 am on 8 May 2020 in connection with the release of industrial output data for March 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 2020, February. 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 decreased by 0.1 per cent year-on-year in February (9.4.2020)

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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) (9.4.2020)
• Appendix figure 2. Trend series of manufacturing sub-industries, 2007/01 to 2020/02, TOL 2008 (9.4.2020)
• Appendix figure 3. Seasonally adjusted industrial output Finland, Germany, Sweden, France and United Kingdom (BCD) 2007 to 2020, TOL 2008 (9.4.2020)

Revisions in these statistics

• Revisions in these statistics (9.4.2020)

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Updated 9.4.2020