Industrial turnover drops 8.9% in May

The working day-adjusted turnover in industry (TOL BCD) decreased in May by 8.9 per cent year on year, according to the Statistics Finland.

Of the main industries, turnover declined most in the chemical industry, by 31.4 per cent, followed by the forest industry, by 15.6 per cent from one year earlier. The seasonally adjusted turnover in industry (TOL BCD), however, grew by 0.1 per cent in the month compared with that in April.

The exceptional situation caused by coronavirus had an effect on the development of some of the manufacturing industries.

In addition to the chemical and forest industries, turnover decreased in the textile, clothing and leather industry by 15.0 per cent, in electricity, gas, steam and air-conditioning supply by 11.6 per cent, and in the food industry by 4.2 per cent from that in May of the previous year.

Correspondingly, among the main industries, growth was strongest in mining and quarrying, 35.5 per cent, followed by the electronic and electrical industry, 30.3 per cent, year on year. Turnover in the metal industry also went up by 3.4 per cent in May.