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 %)||-1.8||-0.9||4.1||3.4||3.5|
5 years of economic forecasts for more than 30 economic indicators.
Finland Industry Chart
Source: Statistics Finland.
|Bond Yield||0.03||3.70 %||Dec 30|
|Exchange Rate||8.78||-0.38 %||Jan 01|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
February 14, 2020
Economic activity grew a working-day adjusted 0.5% in December from the same month a year earlier, down from November’s revised 1.6% reading (previously reported: +2.3% year-on-year), according to Statistics Finland’s latest monthly Trend Indicator of Output release. The deceleration in December, which marked the slowest rate of expansion since January 2019, came on the back of a contraction in the primary sector—encapsulating agriculture, forestry and fishing sub-sectors—which had posted mild growth in the previous month.
February 13, 2020
The current account surplus widened to EUR 0.8 billion in December contrasting the revised EUR 0.1 billion deficit in November (previously reported: EUR 0.3 billion surplus) and the EUR 0.2 billion deficit recorded in December 2019. In the 12 months leading up to December, the current account balance clocked a deficit of EUR 0.3 billion, marking an improvement from the EUR 1.2 billion shortfall in November and the best result since September 2011.
January 15, 2020
Economic activity grew a working-day adjusted 2.3% in November from the same month a year earlier, up from October’s revised 1.9% reading (previously reported: +1.5% year-on-year), according to Statistics Finland’s latest monthly Trend Indicator of Output release. The uptick in November came on the back of a rebound in the primary sector—encapsulating agriculture, forestry and fishing sub-sectors—which had slumped in the previous month.
January 14, 2020
Consumer prices rebounded 0.1% in December compared with the previous month, reversing November’s 0.1% downtick.
January 13, 2020
The current account surplus tightened to EUR 0.2 billion in November from a revised EUR 1.0 billion in October (previously reported: EUR 0.5 billion).