Industrial production in Finland increased by 3.8 percent year-on-year in July 2019, accelerating from a downwardly revised 2.5 percent gain in June. Manufacturing output growth picked up to 5.8 percent from 3.5 percent, boosted by a rebound in machinery & equipment (6.2 percent vs -4.3 percent), fabricated metal products (10.8 percent vs -1.7 percent) and food products (0.7 percent vs -0.3 percent); and strong growth in electrical and electronics industry (26.7 percent vs 27.5 percent) and chemicals (3.2 percent vs 5.5 percent). In addition, electricity, gas, steam and air conditioning supply continued to expand (3.2 percent vs 14.8 percent), while mining and quarrying output fell less (-29.8 percent vs -42.7 percent). On a seasonally adjusted monthly basis, industrial output rose by 0.5 percent in July, after a 1.2 percent advance in June. Industrial Production in Finland averaged 1.82 percent from 1996 until 2019, 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.
Industrial Production in Finland is expected to be 3.60 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.