Industrial output drops by 3.9% in March

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Industrial output drops by 3.9% in March

Seasonally adjusted industrial output (TOL BCD) decreased by 3.9 per cent in March from the month last year, according to Statistics Finland.

Industrial output adjusted for working days went down by 7.7 per cent compared to March 2023.

Total industrial output (BCD) decreased by 7.7 per cent year-on-year in March 2024.

The fall in output was affected by political industrial action and maintenance shutdowns.

Among the main industries, only mining and quarrying and the food industry had more output than in the previous month.

Adjusted for working days, industrial output (C) was 8.1 per cent lower in March than in March 2023. Compared to the previous month, output decreased by 3.0 per cent.

Industrial output decreased from the previous month in nearly all main industries examined in the chart. The fall was strongest in electricity, gas, steam and air conditioning supply (19.8%) and in the forest industry (9.4%).

Output grew only in mining and quarrying (14.1%) and in the food industry (2.7%).

Political industrial actions in March had an effect on the output figures. Industrial actions had the strongest impact on the forest industry.

In electricity, gas, steam and air conditioning supply, the fall in output was also caused by maintenance shutdowns that occurred in the same period.

Source: www.dailyfinland.fi

4 Comments
  1. Emily1985 says

    Does this drop in industrial output reflect any specific trends in the economy or is it mostly attributed to the political industrial action and maintenance shutdowns mentioned in the article?

  2. EmilySmith says

    It’s concerning to see such a significant drop in industrial output. The impact of political industrial actions and maintenance shutdowns is clearly reflected in these numbers. Hopefully, measures will be taken to stabilize the situation and support the affected industries.

  3. Emily92 says

    It’s concerning to see such a significant drop in industrial output. The impact of political industrial actions and maintenance shutdowns is clearly affecting production across various industries. Let’s hope for a swift recovery in the coming months.

  4. EmilyJohnson says

    It’s concerning to see such a significant drop in industrial output. The impact of political industrial actions and maintenance shutdowns is clearly visible in these numbers. Hopefully, measures will be taken to stabilize and improve the situation in the coming months.

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