Industry in Finland
Finland - Industry
Contraction in industrial production slows slightly in March
In March, industrial production fell a working-day adjusted 4.9% over the same month last year. This figure followed the 5.2% drop recorded in February. According to Statistics Finland, industrial output decreased in almost all the main industries in March. A strong decline in the production of electricity and, to a lesser extent, a drop in the metal and the chemical industry, were the main drivers of the contraction.
On a monthly basis, industrial output rose a seasonally-adjusted 0.5%, which was up slightly from the 0.4% expansion registered in February. This modest reading represents the highest growth rate in the past eight months. Meanwhile, annual average growth in industrial production decreased from minus 3.9% in February to minus 4.2% in March.
FocusEconomics Consensus Forecast panelists expect industrial production to grow 1.5% in 2014, which is down 0.7 percentage points over the previous month's estimate. For 2015, the panel sees industrial production accelerating to 3.9%.
Finland - Industry Data
|Industrial Production (annual variation in %)||-3.0||-1.9||-1.1||3.9||4.2|
5 years of economic forecasts for more than 30 economic indicators.
Finland Industry Chart
Source: Statistics Finland.
|Bond Yield||0.35||3.70 %||Feb 20|
|Exchange Rate||8.59||-0.38 %||Feb 20|
|Stock Market||4,112||0.0 %||Feb 20|
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February 19, 2019
Consumer prices fell 0.4% in January compared to the previous month (December: -0.1% month-on-month).
February 15, 2019
The current account balance fell to a EUR 0.46 billion deficit in December, contrasting the revised EUR 0.10 billion surplus in November, which was previously reported as a EUR 0.17 billion surplus.
February 14, 2019
Economic activity grew a working-day adjusted 2.7% in December compared to the same month a year earlier, up from the significantly-revised 2.6% growth of November (previously reported: +1.8%).
January 15, 2019
Economic activity grew a working-day adjusted 1.8% in November compared to the same month a year earlier, down from the revised 3.2% growth in October, which was previously reported as 2.9%.
January 15, 2019
The current account balance was EUR 0.17 billion in November, contrasting the revised EUR 0.14 billion deficit in October, which was previously reported as a EUR 0.17 billion shortfall.