Published: 10 September 2019

Industrial output increased in July both year-on-year and from the previous month

Seasonally adjusted industrial output (TOL BCD) grew by 0.5 per cent in July from the month before. According to Statistics Finland, industrial output adjusted for working days was 3.8 per cent higher in July 2019 than in July 2018. Adjusted for working days, industrial output went up by 2.1 per cent in January to July from one year back.

Trend and seasonally adjusted series of industrial output (BCD), 2007/01 to 2019/07

Trend and seasonally adjusted series of industrial output (BCD), 2007/01 to 2019/07

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 July in mining and quarrying, by 12.6 per cent, in the forest industry, by 3.0 per cent, and in the metal industry, by 2.2 per cent. Output decreased from the previous month in the chemical industry, by 1.4 per cent, and in electricity, gas, steam and air conditioning supply, by 3.7 per cent.

Seasonal adjusted change in industrial output by industry, 6/2019 to 7/2019, %, TOL 2008

Seasonal adjusted change in industrial output by industry, 6/2019 to 7/2019, %, TOL 2008

Revised data for July 2019 will be published at 8 am on 10 October 2019 in connection with the release of industrial output data for August 2019. 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 2019, July. 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 10.9.2019

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. July 2019. Helsinki: Statistics Finland [referred: 17.9.2019].
Access method: http://www.stat.fi/til/ttvi/2019/07/ttvi_2019_07_2019-09-10_tie_001_en.html