Published: 10 June 2020

Industrial output fell in April both from the previous month and from one year back

Seasonally adjusted industrial output (TOL BCD) fell by 2.2 per cent in April from the month before. According to Statistics Finland, industrial output adjusted for working days was 3.1 per cent lower in April 2020 than twelve months earlier. During January to April, working day adjusted output went down by 0.8 per cent from the year before.

Trend and seasonally adjusted series of industrial output (BCD), 2007/01 to 2020/04

Trend and seasonally adjusted series of industrial output (BCD), 2007/01 to 2020/04

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 remained on level with the previous month only in the industry of electricity, gas, steam and air conditioning supply. In other manufacturing industries output declined compared with the previous month. Output fell most in the chemical industry, 6.8 per cent, in the forest industry, 2.9 per cent and the metal industry, 2.2 per cent from the previous month.

Seasonal adjusted change in industrial output by industry, 03/2020 to 04/2020, %, TOL 2008

Seasonal adjusted change in industrial output by industry, 03/2020 to 04/2020, %, TOL 2008

Revised data for April 2020 will be published at 8 am on 10 July 2020 in connection with the release of industrial output data for May 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, April. 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 10.6.2020

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. April 2020. Helsinki: Statistics Finland [referred: 13.7.2020].
Access method: http://www.stat.fi/til/ttvi/2020/04/ttvi_2020_04_2020-06-10_tie_001_en.html