Industrial production in Finland dropped by 2.3% year-on-year in January 2024, the second consecutive month of falling industrial activity although easing from a downwardly revised 6.7% slump in the previous month. Output fell at a softer pace for manufacturing (-5.5% vs -9.2% in December) and sharply rose for electricity, gas, steam & air-conditioning supply (16.4% vs 5.9%). Meanwhile, output tumbled for mining & quarrying (-0.1% vs 1.9%). On a seasonally adjusted monthly basis, industrial output increased 2.5% in January 2024, rebounding from an upwardly revised 2.8% fall in the previous month. source: Statistics Finland

Industrial Production in Finland decreased 2.30 percent in January of 2024 over the same month in the previous year. Industrial Production in Finland averaged 1.66 percent from 1996 until 2024, 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 March of 2024.

Industrial Production in Finland decreased 2.30 percent in January of 2024 over the same month in the previous year. Industrial Production in Finland is expected to be -1.00 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 2.00 percent in 2025, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-02-09 06:00 AM
Industrial Production YoY
Dec -6.8% 0.6% 0.9%
2024-03-08 06:00 AM
Industrial Production YoY
Jan -2.3% -6.7% -4.7%
2024-04-10 05:00 AM
Industrial Production YoY
Feb -2.3% 0.5%

Components Last Previous Unit Reference
Manufacturing Production -5.49 -9.28 percent Jan 2024
Mining Production -0.12 1.92 percent Jan 2024

Related Last Previous Unit Reference
Bankruptcies 858.00 817.00 Companies Dec 2023
Car Registrations 5373.00 6591.00 Units Feb 2024
Changes in Inventories -1755.00 174.00 EUR Million Dec 2023
Factory Orders 1.30 -18.90 percent Dec 2023
Industrial Production YoY -2.30 -6.70 percent Jan 2024
Industrial Production Mom 2.50 -2.80 percent Jan 2024
New Orders 96.20 120.10 points Jan 2024

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
-2.30 -6.70 23.70 -23.30 1996 - 2024 percent Monthly
2015=100, WDA

News Stream
Finnish Industrial Output Falls at Softer Pace
Industrial production in Finland dropped by 2.3% year-on-year in January 2024, the second consecutive month of falling industrial activity although easing from a downwardly revised 6.7% slump in the previous month. Output fell at a softer pace for manufacturing (-5.5% vs -9.2% in December) and sharply rose for electricity, gas, steam & air-conditioning supply (16.4% vs 5.9%). Meanwhile, output tumbled for mining & quarrying (-0.1% vs 1.9%). On a seasonally adjusted monthly basis, industrial output increased 2.5% in January 2024, rebounding from an upwardly revised 2.8% fall in the previous month.
2024-03-08
Finnish Industrial Output Falls the Most in 3-½ Years
Industrial production in Finland shrank by 6.8% year-on-year in December 2023, following a downwardly revised 0.6% rise in the previous month. This marked the steepest contraction in industrial activity since June 2020, as output declined significantly for mining & quarrying (-9.3% vs 6.6% in November) and manufacturing (-9.1% vs -2.5%), dragged mainly by electrical & electronics industry. At the same time, production growth decelerated for electricity, gas, steam & air-conditioning supply (6% vs 21.3%). On a seasonally adjusted monthly basis, industrial output dropped by 2.7% in December, after a downwardly revised 0.3% fall in November.
2024-02-09
Finnish Industrial Output Rises for 2nd Month
Industrial production in Finland rose by 1.1% year-on-year in November 2023, following a downwardly revised 0.5% gain in the previous month. This was the second consecutive month of growth, as output expanded faster for electricity, gas, steam & air-conditioning supply (21.2% vs 13.5% in October). Conversely, production slowed sharply for mining & quarrying (6.2% vs 15.7%), while it continued to decline for manufacturing (-2% vs -1.6%). On a seasonally adjusted monthly basis, industrial output fell by 0.2% in November, reversing a downwardly revised 0.5% increase in October.
2024-01-10