Finland Dec. Industrial Output Drops At Slower Pace

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Wednesday, the Statistics Finland announced that the industrial production dropped a working day adjusted 5.9% year-on-year in December, slower than the 18.2% fall in November, revised from 15.2% decline reported initially.

On a monthly basis, industrial output rose a seasonally adjusted 0.9% in December, at the same pace as in the previous month, revised from 1.3% increase estimated earlier.

For the whole year of 2009, industrial output decreased 20.9% from the previous year. The drop was the worst since Finland became an independent State, the statistical office said.

Wednesday, the Statistics Finland announced that the industrial production dropped a working day adjusted 5.9% year-on-year in December, slower than the 18.2% fall in November, revised from 15.2% decline reported initially. (Market News Provided by RTTNews)