Finland's industrial production experienced a decline for the second consecutive month in August, according to Statistics Finland. Industrial output fell by 1.3% from July, following a 1.1% decrease in the previous month. Notably, mining and quarrying decreased by 3.2%, while manufacturing output shrank by 1.3%. In contrast, the electricity, gas, steam, and air conditioning supply sector saw a 1.9% increase.
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On a year-on-year basis, growth in industrial output slowed significantly to 0.8%, down from 4.6% in July. Additionally, separate figures revealed that new manufacturing orders climbed by 18.1% year-over-year in August, although this was a decrease from the remarkable 69.2% surge recorded in July.