Industrial production in Finland increased by 4.4 percent year-on-year in August 2019, easing from an upwardly revised 4.9 percent gain in the previous month. Manufacturing output growth slowed (6.1 percent vs 7 percent in July), on the back of food products (2 percent vs 3 percent), textiles (19 percent vs 26.1 percent), electrical and electronic industry (22.2 percent vs 28.6 percent), and machinery & equipment (0.8 percent vs 13.7 percent). At the same time, there were decreases in both mining and quarrying output (-15 percent vs -27.7 percent) and electricity, gas, steam and air conditioning supply (-4.7 percent vs 3.7 percent). On a seasonally adjusted monthly basis, industrial output rose by 0.4 percent in August, after a 1.1 percent advance in July. Industrial Production in Finland averaged 1.83 percent from 1996 until 2019, reaching an all time high of 23.70 percent in June of 2006 and a record low of -23.30 percent in May of 2009.
Industrial Production in Finland is expected to be 3.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Finland to stand at 3.40 in 12 months time. In the long-term, the Finland Industrial Production is projected to trend around 1.80 percent in 2020, according to our econometric models.