Home > Statistics > Volume index of industrial output > 2020 > May > Industrial output fell in May both from the previous month and from one year back

Published: 10 July 2020

Industrial output fell in May both from the previous month and from one year back

Seasonally adjusted industrial output (TOL BCD) fell by 1.2 per cent in May from the month before. According to Statistics Finland, industrial output adjusted for working days was 3.8 per cent lower in May 2020 than in May 2019. There were two working days fewer in May 2020 than in May 2019. During January to May, working day adjusted output went down by 1.7 per cent from the year before.

Trend and seasonally adjusted series of industrial output (BCD), 2007/01 to 2020/05

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

Examined by main industry, seasonally adjusted industrial output grew most in May in the electrical and electronics industry, by 8.2 per cent, and in the metal industry, by 1.3 per cent compared to the previous month. Output fell most from the previous month in the chemical industry, 9.8 per cent, in mining and quarrying, 9.1 per cent and in the forest industry, 2.2 per cent.

Seasonal adjusted change in industrial output by industry, 04/2020 to 05/2020, %, TOL 2008

Revised data for May 2020 will be published at 8 am on 10 August 2020 in connection with the release of industrial output data for June 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, May. Statistics Finland

Inquiries: Maarit Mäkelä 029 551 3324, Jussi Haavisto 029 551 3341, volyymi.indeksi@stat.fi

Director in charge: Mari Ylä-Jarkko

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Reviews

• Industrial output decreased by 3.8 per cent year-on-year in May (10.7.2020)

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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) (10.7.2020)
• Appendix figure 2. Trend series of manufacturing sub-industries, 2007/01 to 2020/05 TOL 2008 (10.7.2020)
• Appendix figure 3. Seasonally adjusted industrial output Finland, Germany, Sweden, France and United Kingdom (BCD) 2007 to 2020, TOL 2008 (10.7.2020)

Revisions in these statistics

• Revisions in these statistics (10.7.2020)

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Updated 10.7.2020