Published: 9 November 2018

Industrial output grew in September both year-on–year and from the month before

Seasonally adjusted industrial output (TOL BCD) grew by 0.5 per cent in September from the month before. According to Statistics Finland, industrial output adjusted for working days was 2.5 per cent higher in September 2018 compared to September 2017. Working day adjusted change in industrial output has already grown continuously from April 2016, that is, for two and a half years. Adjusted for working days, industrial output went up by 3.8 per cent in January to September from one year back.

Trend and seasonally adjusted series of industrial output (BCD), 2007/01 to 2018/09

Trend and seasonally adjusted series of industrial output (BCD), 2007/01 to 2018/09

In September, seasonally adjusted output went up by 0.5 per cent from the month before. In August seasonally adjusted output went up by 0.5 per cent from July.

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

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

Examined by main industry, seasonally adjusted industrial output grew most in September in the metal industry, 2.9 per cent. Seasonally adjusted industrial output fell most, by 15.6 per cent, in mining and quarrying. In the chemical industry, output fell by 0.2 per cent. In September, output in the food industry was 0.1 per cent lower than in August.

Seasonal adjusted change in industrial output by industry, 08/2018 to 09/2018, %, TOL 2008

Seasonal adjusted change in industrial output by industry, 08/2018 to 09/2018, %, TOL 2008

Revised data for September 2018 will be published at 9 am on 10 December 2018 in connection with the release of industrial output data for October 2018. 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 will also be adjusted for working days.


Source: Volume Index of Industrial Output 2018, September. Statistics Finland

Inquiries: Kari Rautio 029 551 2479, Maarit Mäkelä 029 551 3324, volyymi.indeksi@stat.fi

Director in charge: Mari Ylä-Jarkko

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Updated 9.11.2018

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. September 2018. Helsinki: Statistics Finland [referred: 15.11.2018].
Access method: http://www.stat.fi/til/ttvi/2018/09/ttvi_2018_09_2018-11-09_tie_001_en.html