RTTNews - Monday, a report by the Statistics Finland said industrial output dropped a working day adjusted 20.3% year-on-year in June, after falling 26.3% in the preceding month.

Output continued to fall in all industries, with the forest industry showing the steepest decline in output of 35.4%. Moreover, double-digit declines were also seen in the metal, chemicals, utilities, as also electrical and electronics industries.

The capacity utilization in the manufacturing sector was 64.6% in June, nearly 20 percentage points lower than in the same month last year.

Meanwhile, in the first six months of the year, industrial output fell 23% from the corresponding period last year.

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