Industrial output drops in Feb from last month but rises Y-o-Y

Seasonally adjusted industrial output (TOL BCD) decreased by 0.3 per cent in February from the month before, according to Statistics Finland.

Industrial output adjusted for working days went up by 1.3 per cent compared to February 2023.

Among the main industries, output went down most in mining and quarrying.

Adjusted for working days, output in manufacturing (C) declined by 0.5 per cent in February from one year earlier. Output grew by 0.3 per cent compared to the previous month.

Industrial output decreased from the previous month in nearly all main industries examined in the chart.

The fall was strongest in mining and quarrying (9.7%). In the chemical industry output went down by 3.8 per cent and in electricity, gas, steam and air conditioning supply by 3.7 per cent compared to January.

The forest industry (3.2%) and the metal industry (0.7%) grew from the previous month.