Finnish Industrial Output Growth Slows in November

Industrial output in Finland remained stagnant year-on-year in January 2026, reversing from an upwardly revised 2.3% rise in December. Manufacturing production fell (-1.8% vs 3.5% in December), reversing gains from previous month, dragged down by declines in paper and paper products (-10.4% vs 0.5%), printing and reproduction of recorded media (-3.1% vs -0.2%), the chemical industry (-4.5% vs 19.6%), furniture (-8.4% vs -4.3%), and repair and installation of machinery and equipment (-12.3% vs -7.7%). Output also contracted in mining and quarrying (-0.6% vs 8.8%), while electricity, gas, steam, and air conditioning supply rebounded (6.8% vs -4.2%). On a seasonally adjusted monthly basis, industrial output fell 1.1% in January, following a downwardly revised 0.7% decline in December.

Industrial production in Finland rose by 2% year-on-year in December 2025, accelerating from a downwardly revised 1.7% increase in the previous month. This marked the third consecutive month of growth in industrial activity, driven by a sharp recovery in the output for mining and quarrying (7.6% vs -5% in November). Additionally, growth in the manufacturing sector rose further (3.1% vs 1.6%), with significant output increases for transport equipment (29% vs 8.6%) and other non-metallic mineral products (20.7% vs 6.1%). On the other hand, output for electricity, gas, steam, and air-conditioning supply declined by 3.8%, slipping from a 1.3% growth in the prior month. On a seasonally adjusted monthly basis, industrial output decreased by 0.8% in December, marking the first month of contraction in five months and reversing a 0.2% gain in the preceding period.

Industrial production in Finland grew by 1.9% year-on-year in November 2025, easing from a slightly downwardly revised 2.2% increase in the previous month. Output for mining and quarrying dropped by 5.1%, marking the first decline in five months and reversing a 1.5% rise in October, while production growth slowed for electricity, gas, steam, and air-conditioning supply (0.8% vs 3.2%). Additionally, activity grew at a lesser extent in the manufacturing sector (2% vs 2.2%), driven by lower output in the manufacture of beverages (-7.1% vs 3.2%), printing and reproduction of recorded media (-8.8% vs -1.7%), and furniture (-2.9% vs 1.4%). On a seasonally adjusted monthly basis, industrial output went up by 0.5% in November, marking the softest rise since April and slowing from a downwardly revised 2.3% gain in the preceding period.