Finnish Industrial Output Growth Hits 4-Month High

Industrial production in Finland rose by 4.5% year-on-year in July 2026, marking the strongest growth since March and accelerating from a downwardly revised 4.4% gain in the previous month. The increase was largely driven by higher output in the manufacturing sector, rising 5.3% after a 4.1% gain in June, as increased activity in the metal (9.5% vs 9.6%) and chemical industry (1.9% vs -3.5%) more than offset declines in the manufacture of furniture (-17.4% vs -17.9%) and printing and reproduction of recorded media (-6.1% vs -7.9%). Meanwhile, mining output dropped 13% after rising 4.8% in the previous month, while production growth softened for electricity, gas, steam and air conditioning supply (3.1% vs 6.7%). On a seasonally adjusted monthly basis, industrial activity decreased by 1% in July, slipping from a downwardly revised 1.9% increase in the preceding period.

Industrial production in Finland grew by 4.5% year-on-year in June 2026, accelerating from a 0.5% rise in the previous month. Output growth was strongest in the electricity, gas, heating and air conditioning supply industry, where production increased by 5.4% after falling 0.1% in May, while activity for mining and quarrying recovered sharply, up 4.2% after a 10% drop in the prior month. Manufacturing production (4.4% vs 0.6%) also increased faster, reflecting higher output in the forest industry (8.3% vs 1.9%) and the metal sector (9% vs 2.7%). In contrast, output mainly declined for textile, clothing and leather industry (-7.2% vs 4.4%), printing and reproduction of recorded media (-8.5% vs -10.1%), and furniture (-20.3% vs -8.7%). On a seasonally adjusted monthly basis, industrial activity rose by 2.1%, rebounding from an upwardly revised 1.7% decrease in the preceding period.

Industrial production in Finland grew by 0.6% year-on-year in May 2026, slowing from an upwardly revised 3.0% in the previous month and marking the softest pace of growth since a contraction in January. Production growth eased in the manufacturing sector (0.7% vs 2.3%), reflecting weaker output in food products (2.6% vs 7.2%), the chemical industry (-7.8% vs 5.0%), and printing and reproduction of recorded media (-12.0% vs -5.6%). At the same time, output in mining and quarrying posted a steeper decline (-10.7% vs -5.0%), while electricity, gas, steam, and air-conditioning supply slipped into negative territory (-0.1% vs 8.9%). On a seasonally adjusted monthly basis, industrial output fell 1.4% in May, easing slightly from a 1.9% drop in the previous month, which marked the sharpest monthly decline in nine months.