Finland - INDUSTRIPRODUKTION

Industrial production in Finland increased by 4.4 percent year-on-year in August 2019, easing from an upwardly revised 4.9 percent gain in the previous month. Manufacturing output growth slowed (6.1 percent vs 7 percent in July), on the back of food products (2 percent vs 3 percent), textiles (19 percent vs 26.1 percent), electrical and electronic industry (22.2 percent vs 28.6 percent), and machinery & equipment (0.8 percent vs 13.7 percent). At the same time, there were decreases in both mining and quarrying output (-15 percent vs -27.7 percent) and electricity, gas, steam and air conditioning supply (-4.7 percent vs 3.7 percent). On a seasonally adjusted monthly basis, industrial output rose by 0.4 percent in August, after a 1.1 percent advance in July.

Industrial production in Finland increased by 3.8 percent year-on-year in July 2019, accelerating from a downwardly revised 2.5 percent gain in June. Manufacturing output growth picked up to 5.8 percent from 3.5 percent, boosted by a rebound in machinery & equipment (6.2 percent vs -4.3 percent), fabricated metal products (10.8 percent vs -1.7 percent) and food products (0.7 percent vs -0.3 percent); and strong growth in electrical and electronics industry (26.7 percent vs 27.5 percent) and chemicals (3.2 percent vs 5.5 percent). In addition, electricity, gas, steam and air conditioning supply continued to expand (3.2 percent vs 14.8 percent), while mining and quarrying output fell less (-29.8 percent vs -42.7 percent). On a seasonally adjusted monthly basis, industrial output rose by 0.5 percent in July, after a 1.2 percent advance in June.

Industrial production in Finland increased by 2.6 percent year-on-year in June 2019, accelerating from a revised 0.2 percent gain in the previous month. Output rose faster for manufacturing (3.4 percent vs 0.9 percent in May) and electricity, gas, steam and air conditioning supply (15.1 percent vs 10.8 percent). Within manufacturing, production advanced further for both chemical industry (6.4 percent vs 5.6 percent) and wood and wood products (0.8 percent vs 02 percent) while output slowed for machinery and metal industry (2.3 percent vs 3.8 percent) and leather and related products (9.1 percent vs 12 percent). Also, production dropped less for non-metallic mineral products (-1.7 percent vs -6.1 percent). In addition, mining and quarrying output fell at a softer pace (-39.8 percent vs -49.5 percent). On a seasonally adjusted monthly basis, industrial output rose 1.2 percent, after a downwardly revised 2.6 percent fall in May.

Industrial production in Finland dropped by 0.3 percent year-on-year in May 2019, down from an upwardly revised 7 percent gain in the previous month. Mining and quarrying output fell for the first time in 15 months (-48 percent vs 14.8 percent in April). In addition, manufacturing growth eased sharply (0.2 percent vs 7.1 percent), amid a slowdown in chemical industry (4.8 percent vs 10.5 percent), machinery and equipment (4.8 percent vs 10.3 percent), leather and related products (3.2 percent vs 12.1 percent), and wood and wood products (1.1 percent vs 4.2 percent); and a further fall in other non-metallic mineral products (-3.4 percent vs -1.4 percent) and basic metals (-4.8 percent vs -5.3 percent). Meantime, electricity, gas, steam and air conditioning supply rose much faster (10.8 percent vs 3.4 percent). On a seasonally adjusted monthly basis, industrial output slumped 2.8 percent, after a 2.6 percent gain in April.

Industrial production in Finland jumped by 6.5 percent year-on-year in April 2019, reversing a downwardly revised 1.0 percent fall in the previous month. That was the steepest increase in output since March 2018, as manufacturing activity rebounded sharply (6.4 percent vs -0.1 percent in March), mainly driven by chemicals (8.8 percent vs 2 percent); electrical and electronics (11.7 percent vs 3.9 percent), machinery and equipment (6.9 percent vs 2.9 percent); fabricated metal products (17.7 percent vs 7.1 percent); and food products (4.6 percent vs -4.1 percent). Also, electricity, gas, steam and air conditioning supply rebounded (3.6 percent vs -7.6 percent) and mining and quarrying growth accelerated (14.8 percent vs 8.9 percent). On a monthly basis, industrial production rose 2.2 percent in April, following a revised 0.2 percent gain in March.

Industrial production in Finland declined by 1.3 percent year-on-year in March 2019, reversing from an upwardly revised 0.8 percent growth in the previous month. This was the first yearly drop in manufacturing output since March 2016, when industrial activity fell by 0.7 percent. Manufacturing activity contracted for the first time since July last year (-0.6 percent vs 1.7 percent in February), mainly driven by manufacture of transport equipment (-13.9 percent), and manufacture of basic metals (-8.1 percent). Also, the output of electricity, gas, steam and air conditioning supply shrank for the second month in a row and was at a steeper rate (-6.7 percent vs -6.5 percent). Meantime, mining and quarrying growth slowed to a 3-month low (10.2 percent vs 12.8 percent). On a monthly basis, industrial production fell 0.1 percent in March, the third straight month of drop, following a downwardly revised 0.7 percent decrease in February.