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Finland's manufacturing confidence improved in September, posting a reading of minus 17 compared to a revised reading of minus 25 in August, the Confederation of Finnish Industries EK said Monday.
The recovery was mainly due to a decline in stocks. At the same time, order books remained below average and production volume is expected to decrease over the next few months.
The confidence indicator in the construction sector stood at minus 45, better than the minus 54 in August, but still lower than the long term average of minus 5. Order books remained below average levels, and personnel are expected to decrease in future months.
In the service sector, the confidence indicator moved up to minus 22 from a revised minus 27 in August, and in the retail trade sector, the confidence indicator was minus 14, up one point from the preceding month.
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