Financial News: Finland Producer Prices Fall Further

Finland Producer Prices Fall Further

04/24/2024 - 03:31:00 (RTTNews)

(RTTNews) - Finland's producer prices continued their declining trend in March, data from Statistics Finland showed on Wednesday.

The producer price index fell 4.5 percent year-over-year in March, following a 5.1 percent decline in the previous month. Prices have been falling since April 2023.

The decrease in producer prices for manufactured products was particularly caused by the fall in prices of basic metals, paper and paper products, and electricity, the agency said.

Domestic producer prices declined 3.5 percent annually, and those of export products slid by 5.9 percent.

On a month-on-month basis, producer prices dropped 0.1 percent after a 0.2 percent decrease.

Data also showed that the export price index logged a decline of 5.9 percent, and import prices dropped by 4.6 percent. The decrease in the export price index was especially due to lower prices of basic metals, paper and paper products, and chemicals and chemical products.

Separate official data showed that the jobless rate in the country rose to a ten-month high of 9.0 percent in March from 7.8 percent in February. A year ago, it was 6.9 percent.

There were 254,000 unemployed people in March, up from 220,000 in the previous month.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Indonesia GDP Data Due On Monday (01 hr(s), 29 min(s), 51 sec(s) ago)
(RTTNews) - Indonesia will on Monday release Q1 figures for gross domestic product, highlighting a ...Full Story»

Norges Bank Keeps Policy Rate Steady At 4.50% (08 hr(s), 37 min(s), 51 sec(s) ago)
(RTTNews) - The Norwegian central bank maintained its key interest rate for the third straight dec ...Full Story»

U.S. Service Sector Activity Contracts For First Time Since December 2022 (08 hr(s), 58 min(s), 51 sec(s) ago)
(RTTNews) - After growing for fifteen consecutive months, U.S. service sector activity unexpectedl ...Full Story»

Eurozone Unemployment Rate Steady At 6.5% For Fifth Month (09 hr(s), 16 min(s), 51 sec(s) ago)
(RTTNews) - Euro area jobless rate remained unchanged at a record low for the fifth month in a row ...Full Story»

U.S. Services PMI Unexpectedly Indicates Contraction In April (09 hr(s), 21 min(s), 51 sec(s) ago)
(RTTNews) - After growing for fifteen consecutive months, U.S. service sector activity unexpectedl ...Full Story»

U.S. Job Growth Falls Short Of Estimates In April, Unemployment Rate Ticks Higher (10 hr(s), 05 min(s), 51 sec(s) ago)
(RTTNews) - After reporting stronger than expected job growth over the past several months, the La ...Full Story»

U.S. Employment Climbs Much Less Than Expected In April (10 hr(s), 53 min(s), 51 sec(s) ago)
(RTTNews) - After reporting stronger than expected job growth over the past several months, the La ...Full Story»

Turkey Inflation Rises Further To 17-Month High (11 hr(s), 18 min(s), 51 sec(s) ago)
(RTTNews) - Turkey's consumer price inflation increased further in April to the highest level ...Full Story»