Industrial production in Finland shrank by 6.9 percent year-on-year in June 2020, following an upwardly revised 4.6 percent fall in the previous month. It was the third straight month of contraction in industrial output and the steepest drop since December 2012. On a seasonally adjusted monthly basis, industrial output contracted by 0.8 percent in June, after an upwardly revised 1.8 percent drop in May.

Industrial Production in Finland averaged 1.72 percent from 1996 until 2020, 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. This page provides - Finland Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Finland Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Statistics Finland

Industrial Production in Finland is expected to be -16.00 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 6.50 in 12 months time. In the long-term, the Finland Industrial Production is projected to trend around 8.00 percent in 2021 and 2.50 percent in 2022, according to our econometric models.

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Finland Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-6.90 -4.60 23.70 -23.30 1996 - 2020 percent Monthly
2015=100, WDA


Calendar GMT Actual Previous Consensus TEForecast
2020-05-08 05:00 AM Mar 2.8% -0.8% -3.4%
2020-06-10 05:00 AM Apr -3.1% 3.3% -6%
2020-07-10 05:00 AM May -3.8% -4.1% -0.8%
2020-08-10 05:00 AM Jun -6.9% -4.6% -23.5%
2020-09-10 05:00 AM Jul -6.9%
2020-10-09 05:00 AM Aug
2020-11-10 06:00 AM Sep -16%
2020-12-10 06:00 AM Oct


News Stream
Finnish Industrial Output Rises the Least in 4 months
Industrial production in Finland increased by 0.3 percent year-on-year in September 2019, easing from an upwardly revised 4.7 percent gain in the previous month. This was the weakest growth in manufacturing output since May, as manufacturing output growth slowed (1.1 percent vs 6.4 percent in August), on the back of textiles (19.3 percent vs 21.1 percent), electrical and electronic industry (7.8 percent vs 23.0 percent). In addition, output shrank for both food products (-3.8 percent vs 3.3 percent) and machinery & equipment (-1.0 percent vs 0.1 percent). At the same time, both of mining and quarrying output (-29.0 percent vs -14.5 percent) and electricity, gas, steam and air conditioning supply (-7.1 percent vs -4.5 percent) dropped faster. On a seasonally adjusted monthly basis, industrial output fell by 1.2 percent in September, after an upwardly revised 0.6 percent rise in August, the first monthly decline since May.
2019-11-08
Finnish Industrial Output Growth Slows in August
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.
2019-10-10
Finnish Industrial Output Rises at Faster Pace
Industrial production in Finland increased by 3.8 percent year-on-year in July 2019, accelerating from a downwardly revised 2.5 percent gain in June. Manufacturing output growth picked up to 5.8 percent from 3.5 percent, boosted by a rebound in machinery & equipment (6.2 percent vs -4.3 percent), fabricated metal products (10.8 percent vs -1.7 percent) and food products (0.7 percent vs -0.3 percent); and strong growth in electrical and electronics industry (26.7 percent vs 27.5 percent) and chemicals (3.2 percent vs 5.5 percent). In addition, electricity, gas, steam and air conditioning supply continued to expand (3.2 percent vs 14.8 percent), while mining and quarrying output fell less (-29.8 percent vs -42.7 percent). On a seasonally adjusted monthly basis, industrial output rose by 0.5 percent in July, after a 1.2 percent advance in June.
2019-09-10

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.