Finland: Economic situation of the forest industry weakened after recovery at the beginning of the year

The production of forest industry products in Finland has increased this year, but the development has lagged behind expectations since the summer, states the Finnish Forest Industry Federation (FFIF). After the increased market demand in the first half of the year, the economic situation in the forest industry has weakened, and the weakness of the German economy in particular weighs on the economy of the entire euro area. According to FFIF, the price of raw wood in Finland has remained high, and the production of the forest industry has been adjusted in autumn to reflect the changed market ...