Industrial output grows in January

Seasonally adjusted industrial output (TOL BCD) grew by 0.7 per cent in January from the month before, according to Statistics Finland.

Industrial output adjusted for working days was 4.3 per cent higher in January 2023 than in January 2022.

Adjusted for working days, industrial output (C) increased by 3.6 per cent in January from one year earlier. Seasonally adjusted output remained unchanged compared to December 2022.

Among the examined main industries, industrial output grew most in January in mining and quarrying, by 9.1 per cent, and in the forest industry, by 8.5 per cent compared to December 2022.

Output fell from the previous month most in the electrical and electronics industry, by 8.7 per cent. In the other examined main industries output declined less. Output in electricity, gas, steam and air conditioning supply decreased by 2.2 per cent and in the chemical industry by 1.0 per cent from December 2022.

Compared to one year ago, output increased most in electricity, gas, steam and air conditioning supply, by 10.3 per cent, and in the metal industry, by 9.5 per cent. In the electrical and electronics industry, output was 5.6 per cent higher in January 2023 than in January 2022. Output decreased by 5.2 per cent in mining and quarrying, by 3.1 per cent in the chemical industry and by 1.2 per cent in the food industry compared to January 2022.