Industrial production in Finland rose by 0.7 percent year-on-year in February 2019, easing from a downwardly revised 2.5 percent advance in the previous month. It was the smallest increase in industrial production since July last year, as growth slowed for both manufacturing (1.4 percent vs 1.5 percent in January) and mining and quarrying (14.8 percent vs 17.6 percent) while electricity, gas, steam and air conditioning supply contracted sharply (-5.6 percent vs 5.6 percent). On a monthly basis, industrial production fell 1 percent in February, compared to a 0.2 percent rise in January. Industrial Production in Finland averaged 1.78 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 3.30 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.