Industrial output drops in March

Seasonally-adjusted industrial output (TOL BCD) fell by 2.1 per cent in March from that in the preceding month, according to the Statistics Finland.

Industrial output adjusted for working days was 2.3 per cent lower this March than that in March 2020.

Examined by main industry, seasonally-adjusted industrial output grew in March in mining and quarrying by 6.3 per cent, in the electronic and electrical industry by 1.9 per cent, and in the metal industry by 0.6 per cent month on month.

Compared with the figures of the month before, output decreased by 0.9 per cent in the forest industry, by 1.5 per cent in the chemical industry, and 2.6 per cent in electricity, gas, steam, and air conditioning supply.

Compared to the figures of one year ago, output grew most in the electronic and electrical industry, by 6.8 per cent, and in the metal industry, by 2.6 per cent.

Output decreased most in the chemical industry, by 16.4 per cent, and in the forest industry, by 5.3 per cent from that in March 2020.