Factories took a nosedive in Feb but scored a year-on-year boost

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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.

Source: www.dailyfinland.fi

14 Comments
  1. EmilySmith81 says

    It’s concerning to see a dip in industrial output for manufacturing and mining sectors, especially considering the year-on-year increase. Hopefully, this trend doesn’t continue in the coming months.

  2. EmilySmith1985 says

    It’s concerning to see the decrease in industrial output in February, especially in mining and quarrying. However, the year-on-year increase in manufacturing output is a positive sign. Let’s hope for a steady recovery in the coming months.

  3. Emily_Miller says

    It’s concerning to see factories taking a nosedive in February, especially with the year-on-year boost being only marginal. The decline in industrial output across various sectors indicates potential challenges ahead for the economy.

  4. EmmaSmith22 says

    It’s disheartening to see a decline in industrial output, especially in key sectors like mining and manufacturing. However, the year-on-year increase provides some hope for recovery. Let’s hope for a turnaround in the coming months.

  5. EmilySmith23 says

    It’s concerning to see factories experiencing a drop in output, especially in crucial sectors like mining and manufacturing. However, the year-on-year boost offers a glimmer of hope for the industrial sector’s recovery. Let’s hope for positive trends in the coming months.

  6. EmilySmith says

    It’s concerning to see factories taking a nosedive in February, but the year-on-year boost offers a glimmer of hope. Hopefully, the industrial output can stabilize and see positive growth in the coming months.

  7. EmilyReacts says

    It’s concerning to see a decrease in industrial output, especially in key sectors like mining and manufacturing. However, it’s somewhat reassuring to note the year-on-year boost. Let’s hope this is a temporary blip and that efforts will be made to improve the situation in the coming months.

  8. EmilySmith92 says

    Did the decrease in industrial output impact the overall economic performance for the month?

    1. MarkJohnson87 says

      Yes, the decrease in industrial output did have an impact on the overall economic performance for the month. While certain industries experienced growth, the decline in sectors like mining and quarrying, chemical industry, and energy supply contributed to the overall drop in industrial output. These fluctuations can influence the broader economic indicators and performance.

  9. EmilySmith94 says

    It’s concerning to see the decline in industrial output, especially in mining and quarrying. However, the year-on-year boost offers a glimmer of optimism for the future. Let’s hope for a recovery in the coming months.

  10. EmilySmith82 says

    How do these industrial output fluctuations impact the overall economy and employment levels in Finland?

    1. JohnDoe75 says

      Hi EmilySmith82, industrial output fluctuations can have a significant impact on the overall economy and employment levels in Finland. When industrial output declines, it often leads to reduced production, which may result in companies cutting back on hiring or even laying off workers. This can in turn affect consumer spending and confidence, potentially leading to a ripple effect across various sectors of the economy. On the other hand, when industrial output grows, it can boost employment opportunities and stimulate economic growth. It’s a delicate balance that policymakers and businesses need to navigate. Thanks for your question!

  11. AvaSmith82 says

    It’s concerning to see factories experiencing a decline, especially in mining and quarrying. The increase in manufacturing output compared to the previous year offers a glimmer of hope, but the overall trend is worrying. Let’s hope for a turnaround in the coming months.

  12. EmilySmith22 says

    It’s concerning to see the industrial output declining in key sectors like mining and quarrying. However, the year-on-year boost offers a glimmer of hope for potential recovery in the manufacturing industry. Let’s hope for a more stable trend in the coming months.

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