According to preliminary data released by Statistics Finland, the seasonally adjusted turnover of the industrial sector decreased by 15.1% in June 2023 compared to June 2022.
Key Highlights:
- Industrial seasonally adjusted turnover declined by 15.1% in June compared to the same period last year.
- The seasonally adjusted turnover decreased by 4.5% in June compared to the previous month.
Monthly Turnover Decline:
The industrial seasonally adjusted turnover declined by 4.5% in June 2023 compared to May. In May, the turnover had already decreased by 0.3%, and in April, it was 4.0% lower compared to the previous month.
The data reflects the challenges faced by the industrial sector during June 2023, indicating a significant decrease in turnover compared to the previous year. Various factors, such as supply chain disruptions, economic uncertainties, and global market dynamics, may have contributed to the decline.
Industry stakeholders are closely monitoring the situation, and policymakers are likely to take measures to support the sector’s recovery and resilience.
Please note that the data provided is based on preliminary figures, and further analysis and verification may be required to understand the complete implications of the industrial turnover decline in June 2023.