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.