Industrial production in Finland increased by 2.6 percent year-on-year in June 2019, accelerating from a revised 0.2 percent gain in the previous month. Output rose faster for manufacturing (3.4 percent vs 0.9 percent in May) and electricity, gas, steam and air conditioning supply (15.1 percent vs 10.8 percent). Within manufacturing, production advanced further for both chemical industry (6.4 percent vs 5.6 percent) and wood and wood products (0.8 percent vs 02 percent) while output slowed for machinery and metal industry (2.3 percent vs 3.8 percent) and leather and related products (9.1 percent vs 12 percent). Also, production dropped less for non-metallic mineral products (-1.7 percent vs -6.1 percent). In addition, mining and quarrying output fell at a softer pace (-39.8 percent vs -49.5 percent). On a seasonally adjusted monthly basis, industrial output rose 1.2 percent, after a downwardly revised 2.6 percent fall in May. Industrial Production in Finland averaged 1.80 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 3.60 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
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-10 05:00 AM Industrial Production YoY Mar -1.3% 0.8% 1.5%
2019-06-10 05:00 AM Industrial Production YoY Apr 6.5% -1.0% 2.6%
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 2.6% 2.5%
2019-10-10 05:00 AM Industrial Production YoY Aug 2.9%
2019-11-08 06:00 AM Industrial Production YoY Sep 3.6%


Finland Business Last Previous Highest Lowest Unit
Business Confidence -3.50 -6.00 31.30 -37.30 Index Points [+]
Industrial Production 2.60 0.20 23.70 -23.30 percent [+]
Industrial Production Mom 1.20 -2.60 9.20 -13.00 percent [+]
Manufacturing Production 3.40 0.90 24.20 -26.40 percent [+]
Capacity Utilization 81.60 80.80 88.80 63.90 percent [+]
New Orders 108.80 107.10 170.20 69.20 Index Points [+]
Changes in Inventories 649.00 -438.00 1701.00 -2529.00 EUR Million [+]
Bankruptcies 660.00 670.00 2038.00 459.00 Companies [+]
Car Registrations 9217.00 10537.00 25285.00 494.00 [+]
Leading Economic Index 2.23 0.84 9.02 -12.21 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 286.80 373.70 455.00 91.00 Thousand Tonnes [+]
Mining Production -39.80 -49.50 146.10 -63.90 percent [+]
Competitiveness Index 80.26 79.77 80.26 5.36 Points [+]
Competitiveness Rank 11.00 12.00 12.00 3.00 [+]
Ease of Doing Business 17.00 13.00 17.00 10.00 [+]
Electricity Production 5094.00 5656.00 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 [+]


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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.60 0.20 23.70 -23.30 1996 - 2019 percent Monthly
2015=100, WDA




Country Last Previous
Argentina -6.90 Jun/19
Australia 1.20 Mar/19
Brazil -5.90 Jun/19
Canada 2.14 Apr/19
China 4.80 Jul/19
Euro Area -2.60 Jun/19
France 0.00 Jun/19
Germany -5.20 Jun/19
India 2.00 Jun/19
Indonesia 2.60 May/19
Italy -1.20 Jun/19
Japan -3.80 Jun/19
Mexico -2.91 Jun/19
Netherlands -1.90 Jun/19
Russia 2.80 Jul/19
Saudi Arabia 1.40 Dec/18
Singapore -6.90 Jun/19
South Africa -3.20 Jun/19
South Korea -2.90 Jun/19
Spain 1.80 Jun/19
Switzerland 4.30 Mar/19
Turkey -3.90 Jun/19
United Kingdom -0.60 Jun/19
United States 0.50 Jul/19


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