Industrial production in Finland increased by 2.8 percent year-on-year in July 2022, slowing sharply from a downwardly revised 8.4 percent gain in the previous month. While pointing to the 16th straight month of increase in industrial output, the latest print was the softest since March, as manufacturing output growth hit its lowest in four months (2.8 percent vs 8.4 percent in June) and electricity, gas, steam, and air conditioning supply production was sluggish (1.4 percent vs 11.1 percent). Meanwhile, mining and quarrying activity contracted much slower (-0.4 percent vs -5.4 percent). On a seasonally adjusted monthly basis, industrial output fell 2.4 percent in July, the first decline in four months, after growing a downwardly revised 1.1 percent rise in June. source: Statistics Finland

Industrial Production in Finland averaged 1.76 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 September of 2022.

Industrial Production in Finland is expected to be 2.30 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 2023, according to our econometric models.

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Finland Industrial Production



Calendar GMT Actual Previous Consensus TEForecast
2022-08-10 05:00 AM Jun 8.9% 5.2% 5.8%
2022-09-09 05:00 AM Jul 2.8% 8.4% 8.2%
2022-10-07 05:00 AM Aug 2.8%


Related Last Previous Unit Reference
Industrial Production Mom -2.40 1.10 percent Jul 2022
Industrial Production 2.80 8.40 percent Jul 2022
Manufacturing Production 2.74 8.85 percent Jul 2022
New Orders 113.80 138.50 points Jul 2022
Changes in Inventories 3209.00 2577.00 EUR Million Jun 2022
Bankruptcies 664.00 661.00 Companies Jun 2022
Car Registrations 7113.00 5503.00 Aug 2022
Leading Economic Index 4.63 5.29 percent Aug 2021
Mining Production -0.31 -5.93 percent Jul 2022
Factory Orders 24.90 19.20 percent Jan 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
2.80 8.40 23.70 -23.30 1996 - 2022 percent Monthly
2015=100, WDA

News Stream
Finnish Industrial Output Grows the Least in 4 Months
Industrial production in Finland increased by 2.8 percent year-on-year in July 2022, slowing sharply from a downwardly revised 8.4 percent gain in the previous month. While pointing to the 16th straight month of increase in industrial output, the latest print was the softest since March, as manufacturing output growth hit its lowest in four months (2.8 percent vs 8.4 percent in June) and electricity, gas, steam, and air conditioning supply production was sluggish (1.4 percent vs 11.1 percent). Meanwhile, mining and quarrying activity contracted much slower (-0.4 percent vs -5.4 percent). On a seasonally adjusted monthly basis, industrial output fell 2.4 percent in July, the first decline in four months, after growing a downwardly revised 1.1 percent rise in June.
2022-09-09
Finnish Industrial Output Grows the Most in 6 Months
Industrial production in Finland advanced by 8.9 percent year-on-year in June 2022, accelerating from a downwardly revised 5.2 percent gain in the previous month. It was the 15th straight month of increase in industrial production and the strongest growth since last December, as both manufacturing (8.9 percent vs 4.8 percent) and electricity, gas, steam and air conditioning supply production (11.9 percent vs 9.8 percent) grew faster. Meanwhile, mining and quarrying activity contracted (-5.9 percent vs 1.5 percent). On a seasonally adjusted monthly basis, industrial output expanded by 1.3 percent in June, faster than a downwardly revised 0.3 percent rise in May.
2022-08-10
Finnish Industrial Output Growth Slows
Industrial production in Finland increased by 5.5 percent year-on-year in May 2022, slowing from a downwardly revised 6.8 percent gain in the previous month while representing the 14th straight month of increase. Manufacturing output continued to grow (5.2 percent vs 7.8 percent), amid a rebound in mining and quarrying activity (1.2 percent vs -14.4 percent) and a sharp pick-up in the production of electricity, gas, steam and air conditioning supply (9.7 percent vs 2.6 percent). On a seasonally adjusted monthly basis, industrial output grew by 0.4 percent in May, much softer than a 3.4 percent rise in April.
2022-07-08