Wednesday. 29.03.2023

Finland industrial production increases for second month

The industrial orders surged 18.9 per cent yearly in February,
Photo: Pixabay.
Finland's industrial production increased sharply in February, data from Statistics Finland showed on Friday.

Industrial production rose 3.4% month-on-month in February, following a 0.2% rise in January.

Output rose for the second consecutive month. Manufacturing output increased 2.6% monthly in February and production of mining and quarrying industry grew 4.8%.

Among industries, production in electrical and electronics industry, and electrical, gas, steam and air conditioning supply rose by 4.2% and 4.1%, respectively.

Production in metal industry rose by 3.8% and those of chemical industry gained 2.7%. Production in food industry and forest industry increased by 1.8% and 0.4%, respectively.


On a yearly basis, industrial output accelerated 5.5% in February, after a 0.4% fall in the previous month.

Separate data from the statistical office showed that the industrial orders surged 18.9% yearly in February, after a 6.5% decline in January.

Finland industrial production increases for second month