Industrial output drops M-on-M in June, increases Y-on-Y

Seasonally adjusted industrial output (TOL BCD) decreased by 2.0 per cent in June from the month before, according to Statistics Finland.

The industrial output adjusted for working days was 4.1 per cent higher in June 2021 than in June 2020.

Examined by main industry, seasonally adjusted industrial output decreased in June in nearly all industries.

The decline was strongest in the industry of mining and quarrying, down by 18.0 per cent from the previous month.

Output decreased by 7.4 per cent in the electrical and electronics industry, by 3.3 per cent in the metal industry and by 3.2 per cent in electricity, gas, steam and air conditioning supply compared to May.

Only the food industry, 2.0 per cent, and the chemical industry, 0.2 per cent, had slightly more output than in May.

Compared to the previous year, output increased most, or by 11.8 per cent, in the forest industry.

In the chemical industry, output was 7.4 per cent higher and in the metal industry 6.0 per cent higher than in June 2020.

Output decreased in June in mining and quarrying, by 10.1 per cent, and in the industry of electricity, gas, steam and air conditioning supply, by 4.1 per cent compared to the previous year.