Industrial production in Finland rose by 1.6 percent year-on-year in November 2018, following an upwardly revised 2.3 percent advance in the previous month. It was the smallest increase in industrial production since October 2017, as manufacturing output growth eased to 1.5 percent from 2.7 percent in October, while mining and quarrying contracted 0.5 percent, reversing a 0.5 percent gain in the previous period. Meantime, electricity, gas, steam and air conditioning supply rebounded firmly (1.6 percent vs -0.6 percent). On a monthly basis, industrial production went up 0.4 percent in November, recovering from a downwardly revised 1.8 percent fall in October. Industrial Production in Finland averaged 1.82 percent from 1996 until 2018, reaching an all time high of 24.10 percent in June of 2006 and a record low of -22.20 percent in April of 2009.
Industrial Production in Finland is expected to be 3.50 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.