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Finnish National Output Contracts At Slower Pace In August

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Finland's national output dropped a working day adjusted 8.4% in August, after a 8.9% fall in July, revised upwards from a 9.2% decline reported initially, the Statistics Finland said Friday. On an annual basis, the national output has been declining continuously since October last year.

During the month, secondary output fell 17% annually, while services output declined 6%.However, primary output rose 2%. Primary output includes agriculture, forestry and fishing, while secondary output includes manufacturing and construction.

Seasonally adjusted, the output dropped 0.5% month-on-month in August.

(Market News Provided by RTTNews)

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