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.