In March, industrial production saw a decline with Statistics Finland attributing this to factors such as labor disputes and maintenance shutdowns. Seasonally adjusted industrial production dropped by 3.9 percent from the previous month, while the overall industrial production decreased by 7.7 percent from a year ago. The decrease in production was evident in almost all main industries, with the electricity, gas, heating, and air conditioning maintenance industry and the forest industry being the most affected.
Labor disputes had a significant impact on the forest industry, while maintenance shutdowns led to decreased production in the electricity, gas, heating, and air-conditioning maintenance industry. The value of new orders in industry also saw a decline of about 19 percent in March compared to the previous year.
In the technology industry, the value of new orders received in January-March was notably lower than in the same period last year. The order base and personnel survey released by Teknologiateollisuus ry highlighted the challenges faced by the industry, with order flows thinner than before. Despite this grim outlook based on order development