After a decades-long increasing trend, the recent results of the National Forest Inventory (NFI) reported a decline of forest growth in North Finland. The aim of this study was to assess climatic and reproduction influences behind the growth decline. We used tree-ring data that had been collected by NFI using systematic sampling. The tree-ring width series were detrended using the regional curve standardisation (RCS) removing age-related trends. The resulting tree-ring indices of Scots pine (Pinus sylvestris L.) showed decadal variations with low increment in the 1990s, and high increment in the 1980s and the early years of the current century. Thereafter, a prolonged growth reduction for pine started both on the mineral soil sites and peatlands. The tree-ring indices of Norway spruce (Picea abies (L.) Karst.) had less pronounced decadal variations and no trend-like reduction over the last 15 years. High spring and summer temperatures were found to enhance radial growth, but high winter temperatures were related to low growth for pine and spruce in the following summer. Temperature variation, accompanied by variables indicating years of drought and intensive flowering, accounted for 34% annual growth variance of pine and 21–44% for spruce. Thus, the results imply that climatic factors may have to some extent contributed to the recent growth reduction of pine. Due to its ecological and economic consequences growth decline needs to be further monitored and investigated. Moreover, analyses of stand and age structure, potentially affecting the growth decline, were beyond the scope of this paper, but also warrant further investigation.