Turnover in industry decreased by 16.0 per cent in March 2024

Turnover decreased in all main industries

Turnover went down in March 2024 in all main industries. Political industrial actions impacted the industries’ turnover in March, but their effect cannot be separated from other reasons that had an effect on turnover development.

Turnover in the forest industry decreased most, being 18.4 per cent lower than one year earlier. Turnover in the metal industry fell nearly as much, by 18.3 per cent from one year ago. In the chemical industry, turnover went down by 18.0 per cent and in electricity, gas, steam and air conditioning supply by 17.8 per cent from one year back.

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Export turnover decreased in nearly all main industries

Export turnover decreased in March 2024 in nearly all main industries. Compared to one year before, export turnover fell most in the metal industry (24.7%) and the forest industry (23.6%). In the chemical industry, export turnover was 20.3 per cent lower than one year previously. Export turnover grew only in mining and quarrying.

Domestic turnover decreased in several main industries. Domestic turnover declined most in the chemical industry (12.1%) and in mining and quarrying (11.9%). Domestic turnover in the forest industry was 8.0 per cent lower and in the metal industry 2.5 per cent lower than one year earlier. Domestic turnover grew most in the electronic and electrical industry, by 3.7 per cent from one year ago.

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Turnover decreased in March from the previous month

Seasonally adjusted turnover in industry declined by 5.1 per cent in March 2024 compared to February. In February, turnover went down by 2.1 per cent and in January turnover grew by 5.7 per cent compared to the previous month.

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