Plus   Neg

Finland Industrial Production Growth Near A Year High

Finland's industrial production rose at the fastest pace in eleven months in April, figures from Statistics Finland showed on Monday.

Industrial production grew a seasonally adjusted 2.2 percent month-on-month in April, following a 0.2 percent rise in March. This was the fastest growth since last May, when output gained 2.3 percent.

Production rose the most in the chemical industry, up by 3.2 percent and mining and quarrying sector grew by 3.0 percent, and food industry increased by 2.8 percent.

On a year-on-year basis, industrial production surged on a working day and seasonally adjusted 6.5 percent in April, after a 1.0 percent fall in the preceding month.

Separate data from Statistics Finland showed that the manufacturing new orders rose 0.9 percent annually in April, slower than 2.6 percent in March.

During the January to April period, new orders grew by 2.0 percent.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT