Industrial output falls in September

Seasonally adjusted industrial output fell by 2.1 per cent in September from the month before, according to Statistics Finland.

Industrial output adjusted for working days was 6.0 per cent lower in September 2020 compared to September 2019. Adjusted for working days, industrial output went down by 3.5 per cent in January to September from one year back.

Examined by main industry, seasonally adjusted industrial output grew most in September in the industry of mining and quarrying, by 20.9 per cent from the previous month. In all other main industries, output either fell or grew only a little.

Output decreased most in electricity, gas, steam and air conditioning supply, by 7.9 per cent, and in the electrical and electronics industry, by 7.3 per cent from August.

Compared with the previous year, output grew in September somewhat only in the chemical industry, by 0.7 per cent.

The fall was still strongest in mining and quarrying, where output declined by 17.1 per cent from one year back. Output in both the forest industry and in electricity, gas, steam and air conditioning supply declined by 7.2 per cent compared with September 2019.