Industrial production in Finland jumped by 6.5 percent year-on-year in April 2019, reversing a downwardly revised 1.0 percent fall in the previous month. That was the steepest increase in output since March 2018, as manufacturing activity rebounded sharply (6.4 percent vs -0.1 percent in March), mainly driven by chemicals (8.8 percent vs 2 percent); electrical and electronics (11.7 percent vs 3.9 percent), machinery and equipment (6.9 percent vs 2.9 percent); fabricated metal products (17.7 percent vs 7.1 percent); and food products (4.6 percent vs -4.1 percent). Also, electricity, gas, steam and air conditioning supply rebounded (3.6 percent vs -7.6 percent) and mining and quarrying growth accelerated (14.8 percent vs 8.9 percent). On a monthly basis, industrial production rose 2.2 percent in April, following a revised 0.2 percent gain in March. Industrial Production in Finland averaged 1.79 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 3.30 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.