Industrial production in Finland expanded by 4.5 percent year-on-year in March 2023, recovering from an upwardly revised 3.0 percent drop a month earlier. It was the strongest growth since last September, due to a rebound in manufacturing output (3.4% vs -4.9% in February). Meanwhile, output shrank for electricity, gas, steam & air conditioning supply (-13.8% vs 6.1%); and mining and quarrying (-8.1% vs 11.3%). On a seasonally adjusted monthly basis, industrial production grew by 3.0 percent, rebounding from an upwardly revised 2.4 percent fall in February. source: Statistics Finland

Industrial Production in Finland averaged 1.77 percent from 1996 until 2023, 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 June of 2023.

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. In the long-term, the Finland Industrial Production is projected to trend around 2.50 percent in 2024 and 2.00 percent in 2025, according to our econometric models.

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Finland Industrial Production



Calendar GMT Actual Previous Consensus TEForecast
2023-04-06 05:00 AM Feb -2.3% 2.1% 3.8%
2023-05-10 05:00 AM Mar 4.5% -3.0% -3.0%
2023-06-09 05:00 AM Apr 4.5% 3.2%


Related Last Previous Unit Reference
Industrial Production Mom 3.00 -2.40 percent Mar 2023
Industrial Production 4.50 -3.00 percent Mar 2023
Manufacturing Production 3.40 -5.00 percent Mar 2023
New Orders 142.10 117.60 points Mar 2023
Changes in Inventories -450.00 180.00 EUR Million Mar 2023
Bankruptcies 873.00 671.00 Companies Mar 2023
Car Registrations 7304.00 7677.00 Units Apr 2023
Leading Economic Index 4.63 5.29 percent Aug 2021
Mining Production -8.10 11.30 percent Mar 2023
Factory Orders -3.50 -4.40 percent Mar 2023

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
4.50 -3.00 23.70 -23.30 1996 - 2023 percent Monthly
2015=100, WDA

News Stream
Finish Industrial Output Growth at 6-Month High
Industrial production in Finland expanded by 4.5 percent year-on-year in March 2023, recovering from an upwardly revised 3.0 percent drop a month earlier. It was the strongest growth since last September, due to a rebound in manufacturing output (3.4% vs -4.9% in February). Meanwhile, output shrank for electricity, gas, steam & air conditioning supply (-13.8% vs 6.1%); and mining and quarrying (-8.1% vs 11.3%). On a seasonally adjusted monthly basis, industrial production grew by 3.0 percent, rebounding from an upwardly revised 2.4 percent fall in February.
2023-05-10
Finnish Industrial Output Falls for 1st Time in 3 Months
Industrial production in Finland declined by 2.3 percent year-on-year in February 2023, shifting from a downwardly revised 2.1 percent growth a month earlier while pointing to the first fall since last November. Manufacturing output was lower for the first time in three months (-4.1% vs 0.8% in January), while electricity gas, steam & air conditioning supply rose at a softer rate (6.1% vs 10.8%). On the flip side, mining and quarrying production rebounded sharply, rising for the first time in six months (11% vs -5.0%). On a seasonally adjusted monthly basis, industrial production also dropped by 2.3 percent, the first decrease in three months, after gaining 0.1 percent in January.
2023-04-06
Finnish Industrial Output Growth at 4-Month High
Industrial production in Finland rose 4.3% year-on-year in January 2023, accelerating from an upwardly revised 0.7% gain in the prior month. It was the highest increase in industrial activity since September last year, as output recovered sharply for electricity, gas, steam & air conditioning supply (10.3% vs -3.2% in December 2022), while that for manufacturing increased (3.6% vs 2.1%). Also, output for mining & quarrying decreased less (-5.2% vs -26.2%). On a seasonally adjusted monthly basis, industrial production advanced 0.7%, slowing down from a 3.3% rise in the previous month.
2023-03-10