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Published: 10 January 2019

Industrial output grew in November both year-on–year and from the previous month

Seasonally adjusted industrial output (TOL BCD) grew by 0.4 per cent in November from the month before. According to Statistics Finland, industrial output adjusted for working days was 1.6 per cent higher in November 2018 than in November 2017. Adjusted for working days, industrial output went up by 3.9 per cent in January to November from one year back.

Trend and seasonally adjusted series of industrial output (BCD), 2007/01 to 2018/11

Trend and seasonally adjusted series of industrial output (BCD), 2007/01 to 2018/11

In November, seasonally adjusted output went up by 0.4 per cent from the month before. In October seasonally adjusted output decreased by 1.8 per cent from September.

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

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

Seasonally adjusted industrial output grew in several main industries in November. Seasonally adjusted industrial output grew most in mining and quarrying, by 4.6 per cent. In the chemical industry, output grew by 1.3 per cent. Output decreased most, by 6.7 per cent, in the electrical and electronics industry.

Seasonal adjusted change in industrial output by industry, 10/2018 to 11/2018, %, TOL 2008

Seasonal adjusted change in industrial output by industry, 10/2018 to 11/2018, %, TOL 2008

Revised data for November 2018 will be published at 9 am on 8 February 2019 in connection with the release of industrial output data for December 2018. 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 2018, November. 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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Updated 10.1.2019

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. November 2018. Helsinki: Statistics Finland [referred: 29.3.2024].
Access method: http://www.stat.fi/til/ttvi/2018/11/ttvi_2018_11_2019-01-10_tie_001_en.html