Finland Industry

Finland

Finland: Industrial production contracts at slower pace in February

April 10, 2012

In February, industrial output contracted 2.9% in working-day adjusted terms over the same month last year which, nevertheless, was better than the revised 4.4% decline seen in January (previously reported: -5.2% year-on-year). The improvement was mostly the result of a slower pace of contraction in the manufacturing sector, which stepped up from a 1.7% contraction in January to a 0.7% drop in February. A month-on-month comparison corroborates the improvement suggested by the annual data, as industrial output increased a seasonally adjusted 1.4%, which contrasted the 4.5% contraction observed in January. Owing to the negative annual reading, the trend continues to point downwards, with annual average growth in industrial production falling from 0.7% in January to a flat reading in February.


Author:,

Sample Report

Looking for forecasts related to Industry in Finland? Download a sample report now.

Download

Finland Industry Chart


Finland Industry March 2012

Note: Month-on-month seasonally adjusted changes and annual average variation of industrial production index in %.
Source: Statistics Finland and FocusEconomics calculations.


Finland Economic News

  • Finland: Current account surplus narrows in September

    November 15, 2017

    The current account surplus was EUR 0.08 billion in September, considerably below the EUR 0.23 billion surplus recorded in August, but above the EUR 0.02 billion surplus recorded in September 2016.

    Read more

  • Finland: Economic growth quickens in September

    November 14, 2017

    In September, economic activity grew a working-day adjusted 3.8% over the previous year—up from August’s revised 3.7% rise (previously reported: +2.7% year-on-year)—according to the latest monthly Trend Indicator of Output released by Statistics Finland.

    Read more

  • Finland: Economic activity slows in August

    October 13, 2017

    In August, economic activity grew by a working-day adjusted 2.7% over the previous year—down from July’s revised 3.6% rise (previously reported: +3.1%)—according to the latest monthly Trend Indicator of Output released by Statistics Finland.

    Read more

  • Finland: Current account surplus steady in August

    October 13, 2017

    Finland’s current account surplus amounted to EUR 0.23 billion in August, almost unchanged from the revised EUR 0.25 billion surplus recorded in July (previously reported: EUR 0.16 billion). In the 12 months leading up to August, the current account deficit totaled EUR 0.52 billion, very close to July’s cumulative deficit of EUR 0.51 billion. However, the trade balance improved in August over the previous month, recording a EUR 238 million surplus compared to July’s EUR 75 million surplus.

    Read more

  • Finland: Economic activity slows slightly in July

    September 15, 2017

    In July, economic activity expanded by a working-day adjusted 3.1% over the previous year—down slightly from June’s 3.3% rise—according to the latest monthly Trend Indicator of Output released by Statistics Finland.

    Read more

More news

Search form