Turnover in manufacturing grows by 11.7% in May

Working day adjusted turnover in industry (TOL BCD) increased in May by 11.7 per cent year-on-year, according to Statistics Finland.

Turnover grew in nearly all main industries. The development was partly due to the exceptional situation caused by the coronavirus one year earlier.

Among the main industries, turnover grew strongest in electricity, gas, steam and air conditioning supply, by 20.0 per cent from one year ago. Seasonally adjusted turnover in industry (TOL BCD) grew by 0.7 per cent in May compared with April.

Turnover in the forest industry was 16.5 per cent higher in May than one year previously. Turnover grew by 11.3 per cent in the chemical industry and by 9.7 per cent in the textile, clothing and leather industry. The food industry grew by 8.8 per cent, the metal industry by 6.9 per cent and mining and quarrying by 2.7 per cent. Turnover decreased only in the electronic and electrical industry, by 6.7 per cent from twelve months earlier.

Export turnover grew in almost all main industries in May. Export turnover grew most in the forest industry, by 18.7 per cent, and in the food industry, by 17.6 per cent. Export turnover grew in mining and quarrying by 13.3 per cent, in the textile, clothing and leather industry by 11.5 per cent, and in the metal industry by 9.3 per cent. Export turnover in the chemical industry was 5.5 per cent higher than one year previously. Export turnover decreased only in the electrical and electronics industry, by 8.2 per cent year-on-year.

Domestic turnover increased in May in nearly all main industries. Most growth was recorded in the chemical industry, up by 20.9 per cent, and in the metal industry, up by 12.7 per cent. Domestic turnover grew in the forest industry by 12.4 per cent and in the electrical and electronics industry by 10.8 per cent from one year ago. Turnover in the textile, clothing and leather industry was 8.5 per cent higher and in the food industry 8.4 per higher than in the previous year. Domestic turnover declined only in mining and quarrying, by 3.7 per cent from a year earlier.