Industrial production in Finland dropped a working day adjusted 22.2% annually in February, faster than a 21.8% fall in January, the Statistics Finland said Thursday.
During the month, output fell the most by 31.9% in the forest industry, followed by a 30.3% drop in the metal industry, excluding manufacture of electrical and electronic products. On the other hand, output declined the least by 9.9% in the food industry.
In a separate report, the statistical office said new orders in the manufacturing sector slipped 41% year-on-year in February, faster than a 38.3% fall in January. New orders declined for the seventh consecutive month in February.
New orders decreased the most by 49.7% in the metal industry, followed by a 30.4% drop in new orders in the manufacture of textile and textile products.
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