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Published: 10 July 2018

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

Seasonally adjusted industrial output (TOL BCD) grew by 0.9 per cent in May from the month before. According to Statistics Finland, output of industries adjusted for working days was 3.5 per cent higher in May 2018 than in May 2017. During January to May, working day adjusted output went up by 4.6 per cent from the year before.

Trend and seasonally adjusted series of industrial output (BCD), 2007/01 to 2018/05

Seasonally adjusted output went up by 0.9 per cent in May from the month before. In April, seasonally adjusted output declined by 1.7 per cent from March.

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

Examined by main industry, seasonally adjusted industrial output grew most in May in mining and quarrying, by as much as 57.1 per cent. The favourable May weather was visible as growth in peat production. In the chemical industry, seasonally adjusted output was 1.4 per cent higher in May than in April. Among main industries, a small drop was seen in the forest industry and electricity production.

Seasonal adjusted change in industrial output by industry, 04/2018 to 05/2018, %, TOL 2008

Revised data for May 2018 will be published at 9 am on 10 August 2018 in connection with the release of industrial output data for June 2018. The revision is influenced by the estimation used in the latest release, which concerns the periodic tax return data 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, May. 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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Reviews

• Industrial output grew by 3.5 per cent in May from one year back (10.7.2018)

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Figures

• Appendix figure 1. Three months' year-on-year change in manufacturing (C) sub-industries adjusted for working days (TOL 2008) (10.7.2018)
• Appendix figure 2. Trend series of manufacturing sub-industries, 2007/01 to 2018/05, TOL 2008 (10.7.2018)
• Appendix figure 3. Seasonally adjusted industrial output Finland, Germany, Sweden, France and United Kingdom (BCD) 2007 to 2018, TOL 2008 (10.7.2018)

Revisions in these statistics

• Revisions in these statistics (10.7.2018)

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Updated 10.7.2018