Industrial production in Finland advanced by 8.9 percent year-on-year in June 2022, accelerating from a downwardly revised 5.2 percent gain in the previous month. It was the 15th straight month of increase in industrial production and the strongest growth since last December, as both manufacturing (8.9 percent vs 4.8 percent) and electricity, gas, steam and air conditioning supply production (11.9 percent vs 9.8 percent) grew faster. Meanwhile, mining and quarrying activity contracted (-5.9 percent vs 1.5 percent). On a seasonally adjusted monthly basis, industrial output expanded by 1.3 percent in June, faster than a downwardly revised 0.3 percent rise in May. 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 August 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.

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Finland Industrial Production



Calendar GMT Actual Previous Consensus TEForecast
2022-07-08 05:00 AM May 5.5% 6.8% 6.9%
2022-08-10 05:00 AM Jun 8.9% 5.2% 5.8%
2022-09-09 05:00 AM Jul 8.9%


Related Last Previous Unit Reference
Industrial Production Mom 1.30 0.30 percent Jun 2022
Industrial Production 8.90 5.20 percent Jun 2022
Manufacturing Production 8.85 5.20 percent Jun 2022
New Orders 138.50 124.80 points Jun 2022
Changes in Inventories 2577.00 664.00 EUR Million Mar 2022
Bankruptcies 656.00 488.00 Companies Dec 2021
Car Registrations 5503.00 7396.00 Jul 2022
Leading Economic Index 4.63 5.29 percent Aug 2021
Mining Production -5.93 1.20 percent Jun 2022
Factory Orders 19.20 38.50 percent Dec 2021

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
8.90 5.20 23.70 -23.30 1996 - 2022 percent Monthly
2015=100, WDA

News Stream
Finnish Industrial Output Grows the Most in 6 Months
Industrial production in Finland advanced by 8.9 percent year-on-year in June 2022, accelerating from a downwardly revised 5.2 percent gain in the previous month. It was the 15th straight month of increase in industrial production and the strongest growth since last December, as both manufacturing (8.9 percent vs 4.8 percent) and electricity, gas, steam and air conditioning supply production (11.9 percent vs 9.8 percent) grew faster. Meanwhile, mining and quarrying activity contracted (-5.9 percent vs 1.5 percent). On a seasonally adjusted monthly basis, industrial output expanded by 1.3 percent in June, faster than a downwardly revised 0.3 percent rise in May.
2022-08-10
Finnish Industrial Output Growth Slows
Industrial production in Finland increased by 5.5 percent year-on-year in May 2022, slowing from a downwardly revised 6.8 percent gain in the previous month while representing the 14th straight month of increase. Manufacturing output continued to grow (5.2 percent vs 7.8 percent), amid a rebound in mining and quarrying activity (1.2 percent vs -14.4 percent) and a sharp pick-up in the production of electricity, gas, steam and air conditioning supply (9.7 percent vs 2.6 percent). On a seasonally adjusted monthly basis, industrial output grew by 0.4 percent in May, much softer than a 3.4 percent rise in April.
2022-07-08
Finnish Industrial Output Growth at 4-Month High
Industrial production in Finland expanded by 7.3 percent year-on-year in April 2022, following a downwardly revised 2.2 percent gain in the previous month. The latest reading was the 13th straight month of increase in industrial production and the strongest growth since last December, due to faster rises in output of manufacturing (8% vs 3.6%), amid rebounds in output electricity, gas, steam and air conditioning supply (2.9% vs -4.6%). Meanwhile, production of mining and quarrying continued to fall (-5.0% vs -1.0% in March). On a seasonally adjusted monthly basis, industrial output grew by 3.4 percent in April, recovering from an upwardly revised 1.4 percent drop in March.
2022-06-10