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

Seasonally adjusted industrial output (TOL BCD) grew by 1.8 per cent in April from the month before. According to Statistics Finland, industrial output adjusted for working days was 3.1 per cent higher in April 2021 than twelve months earlier.

Trend and seasonally adjusted series of industrial output (BCD), 2007/01 to 2021/04

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

Examined by main industry, seasonally adjusted industrial output grew in April in the metal industry, by 3.2 per cent, in the electronic and electrical industry, by 3.2 per cent, and in the forest industry, by 2.5 per cent from the previous month. Compared with the month before, output decreased in April by 3.2 per cent in the food industry and by 1.1 per cent in electricity, gas, steam and air conditioning supply.

Compared to one year ago, output grew most in the electronic and electrical industry, by 13.7 per cent, in the metal industry, by 10.2 per cent and in the forest industry, by 3.0 per cent. Output decreased most in the chemical industry, by 6.0 per cent compared to April 2020.

Seasonal adjusted change in industrial output by industry, 03/2021 to 04/2021, %, TOL 2008

Revised data for April 2021 will be published at 8 am on 9 July 2021 in connection with the release of industrial output data for May 2021. 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 2021, April. Statistics Finland

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

Head of Department in charge: Katri Kaaja

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Industrial output increased by 3.1 per cent year-on-year in April (10.6.2021)

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Updated 10.6.2021

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. April 2021. Helsinki: Statistics Finland [referred: 17.12.2024].
Access method: http://www.stat.fi/til/ttvi/2021/04/ttvi_2021_04_2021-06-10_tie_001_en.html