Published: 10 March 2020

Industrial output decreased in January both from the previous month and from one year back

Seasonally adjusted industrial output (TOL BCD) decreased by 0.8 per cent in January from the month before. According to Statistics Finland, industrial output adjusted for working days was 1.8 per cent lower in January 2020 than in January 2019.

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

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

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 in January only in the food industry, by 1.0 per cent, and in the chemical industry, by 0.1 per cent. Industrial output fell in all other main industries from the month before. The fall in output was strongest in the electrical and electronics industry, 11.3 per cent. The fall was more moderate in other industries. Industrial output decreased by 4.5 per cent in mining and quarrying, by 3.1 per cent in electricity, gas, steam and air conditioning supply and by 2.6 per cent in the forest industry compared with the previous month.

Seasonal adjusted change in industrial output by industry, 12/2019 to 01/2020, %, TOL 2008

Seasonal adjusted change in industrial output by industry, 12/2019 to 01/2020, %, TOL 2008

Revised data for January 2020 will be published at 8 am on 9 April 2020 in connection with the release of industrial output data for February 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, January. 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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Updated 10.3.2020

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. January 2020. Helsinki: Statistics Finland [referred: 4.4.2020].
Access method: http://www.stat.fi/til/ttvi/2020/01/ttvi_2020_01_2020-03-10_tie_001_en.html