FX.co ★ Finnish Industry Confidence Hits 5-Month Low

Finland's manufacturing confidence experienced a decline in November 2024, dropping to -6 from the previous month's -4. This marks the lowest point since June and remains beneath the long-term average of 0. Further erosion was noted in order backlog expectations, which fell to -27 from October's -22. In contrast, production expectations for the upcoming months showed improvement, rising to 16 from 13, and inventories of finished goods became more positive, increasing to 6 from 3. Additionally, 62% of companies reported operating at full capacity in November, up from 60% the previous month, although this figure is still below the long-term average of 70%.