Industrial production in Finland dropped by 3.1 percent year-on-year in November 2022, following a downwardly revised 0.2 percent fall a month earlier. This was the second straight of decline in industrial production, and the steepest rate since September 2020, due to a faster fall in production of electricity gas, steam, and air conditioning supply (-7.0% vs -0.3% in October), amid a decline in manufacturing (-1.8% vs 0.6%), while those of mining and quarrying continued to fall (-26.7% vs -29.5% in October). source: Statistics Finland

Industrial Production in Finland averaged 1.74 percent from 1996 until 2022, 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 January of 2023.

Industrial Production in Finland is expected to be -2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Finland Industrial Production is projected to trend around 1.90 percent in 2024, according to our econometric models.

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Finland Industrial Production



Calendar GMT Actual Previous Consensus TEForecast
2022-12-09 06:00 AM Oct -0.6% 4.2% 3.2%
2023-01-10 06:00 AM Nov -3.1% -0.2% -1.8%
2023-02-10 06:00 AM Dec -3.1% -2.6%


Related Last Previous Unit Reference
Industrial Production Mom -1.20 -2.30 percent Nov 2022
Industrial Production -3.10 -0.20 percent Nov 2022
Manufacturing Production -1.80 0.60 percent Nov 2022
New Orders 138.80 129.20 points Nov 2022
Changes in Inventories 1633.00 3086.00 EUR Million Sep 2022
Bankruptcies 671.00 659.00 Companies Dec 2022
Car Registrations 6186.00 6391.00 Units Dec 2022
Leading Economic Index 4.63 5.29 percent Aug 2021
Mining Production -26.70 -29.50 percent Nov 2022
Factory Orders -8.90 5.90 percent Nov 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-3.10 -0.20 23.70 -23.30 1996 - 2022 percent Monthly
2015=100, WDA

News Stream
Finnish Industrial Output Shrinks the Most in Over 2 Years
Finnish Industrial Output Shrinks the Most in Over 2 Years Industrial production in Finland dropped by 3.1 percent year-on-year in November 2022, following a downwardly revised 0.2 percent fall a month earlier. It was the second straight decline in industrial production and the steepest rate since September 2020 due to a rapid decrease in the electricity gas, steam, and air conditioning supply output (-7.0% vs -0.3% in October) and manufacturing (-1.8% vs 0.6%). Meanwhile, mining and quarrying fell slower(-26.7% vs -29.5% in October).
2023-01-10
Finnish Industrial Output Falls
Industrial production in Finland declined by 0.6 percent year-on-year in October 2022, reversing from an upwardly revised 4.2 percent rise a month earlier and falling for the first time since March 2021. The output of mining and quarrying slumped (-29.6% vs -9.2% in September), while electricity gas, steam, and air conditioning supply dropped for the first time in seven months (-3.1% vs 11.3%. Meantime, manufacturing growth slowed to a 19-month low(0.6% vs 3.7%).
2022-12-09
Finnish Industrial Production Accelerates to 3-Month High
Industrial production in Finland expanded by 4 percent year-on-year in September 2022, accelerating from an upwardly revised 2.5 percent rise a month earlier. This marks the 18th month of successive expansion and the fastest in three months, as output growth quickened in electricity, gas, steam and air conditioning supply (11.4 percent vs 7.8 percent in August), along with production in manufacturing (3.4% vs 1.7%). Conversely, activities in mining and quarrying notably fell at -9.8 percent after advancing by 7.7 percent in the previous month. On a seasonally adjusted monthly basis, industrial output advanced 1.3 percent, following a 0.6 percent gain in August.
2022-11-10