Things are going well in the country's industrial sector, says a report out Wednesday from the Research Institute of the Finnish Economy (ETLA).
In March the think-tank said that the industrial sector would grow by a brisk 4.3 percent this year and 4.1 percent in 2019.
Now ETLA says the Finnish metals industry is doing better than the average of other EU states - and because of low exports to the US, the Finnish steel industry doesn't really feel the burn of newly-introduced US steel tariffs.
ETLA researcher Birgitta Berg-Andersson says cold-rolled steel was Finland's fifth-most important industrial export product, noting that less than one percent of that steel went to the US market.
Auto industry growing
Finland's automotive industry is expected to grow as well. ETLA predicts that vehicle production will expand by 20 percent this year and by 15 percent in 2019, saying the outlook is good for both the automotive and the ship building industries.
Production of paper goods - including cardboard and cellulose products - during the first quarter of this year grew significantly, compared to EU averages, with paper goods companies receiving an influx of new orders.
An increase in investments in the lumber products industry is expected in Finland and neighbouring countries Sweden, Estonia and Russia, according to the report.
ETLA noted, however the recent increased profitability of the lumber industry was due to a general reduction in workers.