Latest statistical indicators of Finnish economy do not show any signs of recovery.
According to Statistics Finland, output of total industries adjusted for working days was 1.7 per cent lower in September 2013 compared to September 2012. In the January to September period, industrial output adjusted for working days went down by 4.2 per cent from twelve months back.
Industrial output diminished in several main industries in September.
Output fell most in the electrical and electronics industry, by 9.3 per cent. In the metal industry, output went down by 6.8 per cent from the previous year. Among main industries, output increased by most, or by close on 15 per cent, in the chemical industry. In the forest industry, output also grew by 0.7 per cent from one year ago.
In addition, the value of new orders in manufacturing was 3.3 per cent lower in September 2013 than twelve months earlier. In the January to September period, new orders decreased by 6.1 per cent year-on-year.
Among the examined main industries, new orders decreased most in the chemical industry, where new orders went down by 10.4 per cent from the previous year.
Source: Statistics Finland
