Finland's industrial production declined at the steepest pace in more than a year in July amid a renewed contraction in the manufacturing sector, figures from Statistics Finland showed on Wednesday.
Industrial output dropped 4.2 percent year-over-year in July, reversing a 0.5 percent increase in June.
Further, this was the fastest decrease since May 2024, when production shrank 6.3 percent.
Among sectors, manufacturing output fell 4.3 percent compared to last year, which was the first decline in five months. Production in the utility sector decreased further by 6.0 percent, while the mining and quarrying output rebounded sharply by 19.0 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.