Published: 10 January 2022
Industrial output grew in November both from the previous month and from one year back
Seasonally adjusted industrial output (TOL BCD) grew by 0.6 per cent in November from the month before. According to Statistics Finland, industrial output adjusted for working days was 5.4 per cent higher in November 2021 than in November 2020.
Trend and seasonally adjusted series of industrial output (BCD), 2007/01 to 2021/11
Seasonally adjusted change in industrial output (BCD) from previous month, %, TOL 2008
Examined by main industry, seasonally adjusted industrial output grew most in November in the metal industry, by 2.7 per cent from the previous month. Output in the chemical industry went up by 2.0 per cent, in the forest industry by 1.1 per cent and in the electrical and electronics industry by 0.8 per cent compared to October. In other main industries output was lower than in the month before. Output fell by 3.2 per cent in mining and quarrying, by 1.5 per cent in the food industry and by 1.2 per cent in the industry of electricity, gas, steam and air conditioning supply from one month before.
Output grew in nearly all main industries compared to one year ago. The growth was biggest in the forest industry, by 15.5 per cent, and in the metal industry, by 9.0 per cent compared to November 2020. The growth was lower in other industries. Output in the industry of electricity, gas, steam and air conditioning supply grew in November by 2.0 per cent, in the food industry by 1.6 per cent and in mining and quarrying by 0.4 per cent from one year ago. Output in the electrical and electronics industry decreased by 0.6 per cent and in the chemical industry by 5.8 per cent.
Seasonal adjusted change in industrial output by industry, 10/2021 to 11/2021, %, TOL 2008
Revised data for November 2021 will be published at 8 am on 10 February 2022 in connection with the release of industrial output data for December 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, November. 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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Official Statistics of Finland (OSF):
Volume index of industrial output [e-publication].
ISSN=1798-9272. November 2021. Helsinki: Statistics Finland [referred: 26.11.2024].
Access method: http://www.stat.fi/til/ttvi/2021/11/ttvi_2021_11_2022-01-10_tie_001_en.html