August 15, 2023

Seasonally adjusted industrial output (TOL BCD) decreased in June by 3.3 per cent from the month before. According to Statistics Finland, industrial output adjusted for working days also went down, by 6.1 per cent compared to June 2022.

Vertical bar chart on seasonally adjusted change in industrial output (BCD) from the previous month for 13 months starting from June 2023. In June 2023, industrial output decreased by 3.3 per cent from the month before, in May output grew by 2.0 per cent.

Key points

  • Both seasonally adjusted and working day adjusted industrial output (BCD) decreased in June 2023.
  • Output decreased most compared to the previous year in the forest industry.
  • Output increased from one year ago only in the industry of electricity, gas, steam and air conditioning supply.

 

Output decreased from one year back and the previous month in nearly all examined main industries

Adjusted for working days, output in manufacturing (C) declined by 7.7 per cent in June compared to one year earlier. Seasonally adjusted output decreased by 3.0 per cent from the month before.

Horizontal bar chart on seasonally adjusted change in industrial output by industry from the previous month. The content of the chart is described in the text below the chart.

Compared to the previous month, industrial output decreased in June in nearly all examined main industries. In June, output increased only in the food industry, by 1.6 per cent compared to May. The chemical industry, 6.6 per cent, and the electrical and electronics industry, 6.0 per cent, fell most compared to May. Output decreased by 5.1 per cent in the forest industry and by 2.8 per cent in the metal industry.

Compared to one year ago, output declined most in the forest industry, 22.4 per cent, and in mining and quarrying, 20.1 per cent. In the chemical industry, output fell by 11.9 per cent from June 2022. In the electrical and electronics industry output decreased by 5.4 per cent and in the metal industry by 2.6 per cent. Compared to one year ago, output grew only in electricity, gas, steam and air conditioning supply, by 12.4 per cent.

Source: Statstics Finland
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