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.

Finland Industrial Production
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-07-10 05:00 AM Industrial Production YoY May -0.3% 7.0% 2.2%
2019-08-09 05:00 AM Industrial Production YoY Jun 2.6% 0.2% 3.2%
2019-09-10 05:00 AM Industrial Production YoY Jul 3.8% 2.5% 2.5%
2019-10-10 05:00 AM Industrial Production YoY Aug 4.4% 4.9% 3.3%
2019-11-08 06:00 AM Industrial Production YoY Sep 4.4% 3.6%
2019-12-10 06:00 AM Industrial Production YoY Oct 3%


Finland Business Last Previous Highest Lowest Unit
Business Confidence -6.60 -1.30 31.30 -37.30 Index Points [+]
Industrial Production 4.40 4.90 23.70 -23.30 percent [+]
Industrial Production Mom 0.40 1.10 9.20 -13.00 percent [+]
Manufacturing Production 6.10 7.00 24.20 -26.40 percent [+]
Capacity Utilization 81.60 80.80 88.80 63.90 percent [+]
New Orders 97.80 113.90 170.20 69.20 Index Points [+]
Changes in Inventories 637.00 745.00 2116.00 -2529.00 EUR Million [+]
Bankruptcies 611.00 660.00 2038.00 459.00 Companies [+]
Car Registrations 8436.00 9993.00 25285.00 494.00 [+]
Leading Economic Index 2.55 2.49 9.12 -12.14 percent [+]
Internet Speed 20451.91 20587.41 20587.41 2732.51 KBps [+]
IP Addresses 2332434.00 2264535.00 3082796.00 1690714.00 IP [+]
Steel Production 257.90 220.10 455.00 91.00 Thousand Tonnes [+]
Mining Production -15.00 -27.70 146.10 -63.90 percent [+]
Competitiveness Index 80.25 80.26 80.26 5.36 Points [+]
Competitiveness Rank 11.00 11.00 12.00 3.00 [+]
Ease of Doing Business 17.00 13.00 17.00 10.00 [+]
Electricity Production 4440.00 4871.00 8710.00 4306.00 Gigawatt-hour [+]
Corruption Index 85.00 85.00 100.00 85.00 Points [+]
Corruption Rank 3.00 3.00 6.00 1.00 [+]
Factory Orders -17.00 17.00 79.40 -42.20 percent [+]


Finland Industrial Production

In Finland, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 87 percent of total production. The biggest segments within Manufacturing are: chemicals (16 percent); electrical and electronics (13 percent); machinery and equipment (11 percent); paper and paper products (9 percent); fabricated metal products (8 percent); and food products (7 percent). Electricity, gas, steam and air conditioning supply accounts for 11 percent of total output; and Mining and quarrying account for 2 percent. This page provides - Finland Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Finland Industrial Production - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.40 4.90 23.70 -23.30 1996 - 2019 percent Monthly
2015=100, WDA




Country Last Previous
Argentina -6.40 Aug/19
Australia 1.90 Jun/19
Brazil -2.30 Aug/19
Canada -1.12 Jul/19
China 5.80 Sep/19
Euro Area -2.80 Aug/19
France -1.40 Aug/19
Germany -4.00 Aug/19
India -1.10 Aug/19
Indonesia 14.70 Aug/19
Italy -1.80 Aug/19
Japan -4.70 Aug/19
Mexico -1.30 Aug/19
Netherlands -0.60 Aug/19
Russia 3.00 Sep/19
Saudi Arabia 1.40 Dec/18
Singapore -8.00 Aug/19
South Africa -1.80 Aug/19
South Korea -2.90 Aug/19
Spain 1.70 Aug/19
Switzerland 4.80 Jun/19
Turkey -3.60 Aug/19
United Kingdom -1.80 Aug/19
United States -0.10 Sep/19


Related

Latest