Finland's industrial production fell for a sixth straight month in June, but at the weakest pace in the current sequence of decline, a report from Statistics Finland showed Friday.
Production fell 1 percent year-on-year in June following a 1.4 percent drop in May. During the first six months of the year, production was down 2.8 percent compared to the same period last year.
Seasonally adjusted output fell 1.4 percent month-on-month in June after a 1.2 percent gain in May.
Among the major industries, mining and quarrying recorded the most significant decline in output during the month, down 46.7 percent year-on-year. Manufacturing output dropped 0.2 percent.
Capacity utilisation rate in manufacturing was 83.2 percent in June, or 1.9 percentage points higher than one year earlier.
Separately, the statistical office reported that new orders received by Finland's manufacturing sector was down by 13.9 percent compared to the same month last year. In May, orders declined 10.4 percent on an annual basis.
by RTT Staff Writer
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