Industrial output grew in September both from the previous month and from one year back

Seasonally adjusted industrial output (TOL BCD) grew by 0.5 per cent in September from the month before. According to Statistics Finland, industrial output adjusted for working days was 6.6 per cent higher in September 2021 compared to September 2020.

Trend and seasonally adjusted series of industrial output (BCD), 2007/01 to 2021/09

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

Examined by main industry, seasonally adjusted industrial output grew most in September in the industry of mining and quarrying, by 19.6 per cent from the previous month. In the forest industry, output grew by 2.6 per cent and in the chemical industry by 1.2 per cent compared to August. Industrial output decreased in other main industries from the month before. Output fell most in the electrical and electronics industry, by 6.9 per cent. Output in the metal industry decreased by 1.3 per cent and in the food industry by 1.1 per cent from August.

Compared to one year ago, output increased still most in the forest industry, by 13.7 per cent. Output went up by 11.3 per cent in mining and quarrying, by 7.0 per cent in the metal industry and by 4.7 per cent in the industry of electricity, gas, steam and air conditioning supply from one year before. Output declined slightly only in the electrical and electronics industry, by 0.2 per cent compared to the previous year.

Seasonal adjusted change in industrial output by industry, 08/2021 to 09/2021, %, TOL 2008

Revised data for September 2021 will be published at 8 am on 10 December 2021 in connection with the release of industrial output data for October 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, September. 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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Industrial output increased by 6.6 per cent year-on-year in September (10.11.2021)

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Revisions in these statistics (10.11.2021)

Updated 10.11.2021

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. September 2021. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/ttvi/2021/09/ttvi_2021_09_2021-11-10_tie_001_en.html