Home > Statistics > Volume index of industrial output > 2020 > May > Industrial output decreased by 3.8 per cent year-on-year in May

Industrial output decreased by 3.8 per cent year-on-year in May

According to Statistics Finland, output of total industries (BCD) adjusted for working days was 3.8 per cent lower in May 2020 than in May 2019. In May, seasonally adjusted output went down by 1.2 per cent from the previous month.

Adjusted for working days, industrial output (C) declined by 4.8 per cent from one year earlier. In May, seasonally adjusted output went down by 0.8 per cent from the month before.

Compared to the previous year, the electrical and electronics industry went up by 24.7 per cent. The strong growth is partly due to the low production figures of the comparison month. Without the impact of the electrical and electronics industry, industrial output adjusted for working days decreases by 9.4 per cent from the previous year.

Table 1. Volume index of industrial output, value added, original, working day adjusted, seasonally adjusted change percentage

Industry (Tol 2008)	Value added share	Original change percentage, 2020 MAY / 2019 MAY	Working day adj. change percentage, 2020 MAY / 2019 MAY	Seasonal adj. change percentage, 2020 MAY / 2020 APR
B Mining and quarrying	2,5	34,4	34,4	-9,1
BCD Total industries	100,0	-8,0	-3,8	-1,2
C Manufacturing	86,3	-9,4	-4,8	-0,8
10 Manufacture of food products	6,3	-13,6	-7,0	1,4
10-11 Food industry	7,5	-14,1	-7,7	0,9
11 Manufacture of beverages	1,1	-17,3	-11,2	-2,3
13 Manufacture of textiles	0,5	-3,6	2,8	7,2
13-15 Textile, clothing and leather industy	1,1	-17,3	-8,1	3,0
14 Manufacture of wearing apparel	0,3	-21,0	-15,2	3,4
15 Manufacture of leather and related products	0,2	-40,9	-33,5	-8,1
16 Manufacture of wood and of products of wood and cork, except furniture: Manufacture of articles of straw and plaiting materials	3,8	-12,4	-6,1	0,5
16-17 Forest industry	14,5	-10,4	-8,7	-2,2
17 Manufacture of paper and paper products	10,6	-9,4	-9,4	-1,9
18 Printing and reproduction of recorded media	1,1	-32,8	-29,3	-4,9
19-22 Chemical industry	15,9	-10,9	-10,9	-9,8
23 Manufacture of other non-metallic mineral products	3,1	-8,7	-1,8	-0,9
24 Manufacture of basic metals	5,2	-13,0	-10,7	-2,2
24-30_33 Metal industry	41,4	-6,0	-0,7	1,3
25 Manufacture of fabricated metal products, except machinery and equipment	8,4	-14,8	-9,8	-1,9
26-27 Electrical and electronics industry	9,6	17,4	24,7	8,2
28 Manufacture of machinery and equipment n.e. .	11,0	-14,7	-9,7	-4,4
29-30 Manufacture of transport equipment	3,0	-21,3	-14,1	1,0
31 Manufacture of furniture	1,1	-15,6	-7,7	-1,8
32 Other manufacturing	0,7	-18,4	-11,3	3,0
33 Repair and installation of machinery and equipment	4,5	-8,1	-4,4	-0,4
C Manufacturing excl. Electrical and electronics industry (26-27)	76,7	-13,4	-9,4	-3,4
D Eletricity, gas, steam and air conditioning supply	11,3	-2,6	-2,6	-1,7
Investment goods	27,0	-1,9	3,1	3,3
Durable goods	1,3	-16,1	-8,3	-1,5
Raw materials and productive goods	44,2	-7,4	-4,1	-4,4
Other consumer goods	13,3	-25,3	-19,7	-8,9

Source: Volume Index of Industrial Output 2020, May. Statistics Finland

Inquiries: Maarit Mäkelä 029 551 3324, Jussi Haavisto 029 551 3341, volyymi.indeksi@stat.fi

Director in charge: Mari Ylä-Jarkko

---

Updated 10.7.2020