RTTNews - Finland's manufacturing confidence was stable in August, the Confederation of Finnish Industries EK said Thursday.

The confidence indicator stood at minus 23 in August compared to a revised reading of minus 22 in July. Order books remained well below average and production volume is expected to decrease further in coming months. Stocks of finished goods fell below the long-term average.

In the construction sector, the confidence indicator remained almost unchanged at low levels. The indicator was minus 54 in August compared to revised minus 53 in the preceding month. In the service sector, the confidence indicator decreased to minus 31 from a revised minus 23 in July, while the confidence in the retail trade sector dropped further to minus 17 from minus 15 in the preceding month.

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