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Financial News: Finland Industrial Production Falls For Second Month

Finland Industrial Production Falls For Second Month

05/08/2020 - 02:40:00 (RTTNews)

(RTTNews) - Finland's industrial production rose for the second straight month in March, figures from Statistics Finland showed on Friday.

Industrial production increased by a seasonally adjusted 1.9 percent month-on-month in March, following a 0.7 percent rise in February.

Manufacturing output rose 1.7 percent on a monthly basis in March, while output in mining and quarrying industry declined 8.6 percent.

On an annual basis, industrial production rose a working-day adjusted 2.8 percent in March, following a 0.8 percent decrease in the preceding month.

Separate data from the statistical office showed that the new orders in manufacturing declined 9.3 percent annually in March, following a 5.8 percent fall in February.

During January to March period, orders decreased by 5.6 percent compared to the same period last year.

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