Published: 10 May 2021
Industrial output decreased in March both from the previous month and from one year back
Seasonally adjusted industrial output (TOL BCD) fell by 2.1 per cent in March from the month before. According to Statistics Finland, industrial output adjusted for working days was 2.3 per cent lower in March 2021 than in March 2020.
Trend and seasonally adjusted series of industrial output (BCD), 2007/01 to 2021/03
Seasonally adjusted change in industrial output (BCD) from previous month, %, TOL 2008
Examined by main industry, seasonally adjusted industrial output grew in March in mining and quarrying, by 6.3 per cent, in the electronic and electrical industry, by 1.9 per cent, and in the metal industry, by 0.6 per cent from the previous month. Compared with the month before, output decreased by 0.9 per cent in the forest industry, by 1.5 per cent in the chemical industry, and by 2.6 per cent in electricity, gas, steam and air conditioning supply.
Compared to one year ago, output grew most in the electronic and electrical industry, by 6.8 per cent and in the metal industry, by 2.6 per cent. Output decreased most in the chemical industry, by 16.4 per cent, and in the forest industry, by 5.3 per cent compared to March 2020.
Seasonal adjusted change in industrial output by industry, 02/2021 to 03/2021, %, TOL 2008
Revised data for March 2021 will be published at 8 am on 10 June 2021 in connection with the release of industrial output data for April 2021. 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 2021, March. Statistics Finland
Inquiries: Maarit Mäkelä 029 551 3324, Kirsi-Maaria Manninen 029 551 2681, volyymi.indeksi@stat.fi
Head of Department in charge: Katri Kaaja
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Updated 10.5.2021
Official Statistics of Finland (OSF):
Volume index of industrial output [e-publication].
ISSN=1798-9272. March 2021. Helsinki: Statistics Finland [referred: 28.12.2024].
Access method: http://www.stat.fi/til/ttvi/2021/03/ttvi_2021_03_2021-05-10_tie_001_en.html