Industrial output decreases by 1.2% in Nov

Seasonally adjusted industrial output (TOL BCD) went down in November by 1.2 per cent from the month before, according to Statistics Finland.

Industrial output adjusted for working days was 3.1 per cent lower in November 2022 than in November 2021.

Compared to one year ago, output grew slightly only in the metal industry.

Output decreased in nearly all examined main industries in November

Adjusted for working days, output in manufacturing decreased by 1.8 per cent compared to the previous year. Seasonally adjusted output went down by 0.6 per cent in November from the month before.

Output was slightly higher than in the month before only in the food industry, 1.0 per cent, and in mining and quarrying, 0.1 per cent.

Output fell most in electricity, gas, steam and air conditioning supply, by 5.4 per cent, and in the electrical and electronics industry, by 3.9 per cent, compared to October. In the chemical industry, output went down by 0.8 per cent from the previous month, and in both the forest industry and the metal industry output decreased by 0.2 per cent.

Compared to the previous year, the drop was biggest in mining and quarrying, 26.7 per cent, and in the electrical and electronics industry, 11.5 per cent. In the chemical industry, output was 7.2 per cent lower and in electricity, gas, steam and air conditioning supply 7.0 per cent lower than in November 2021.

Only in the metal industry output grew slightly, by 1.7 per cent compared to one year before.