Winners and losers in industrial profitability
Finna-recension
Winners and losers in industrial profitability
www.bofbulletin.fi
(Finlands Bank)
bulletin_516_9.pdf
(Finlands Bank)
Despite the recent weakness in profitability, operating profits in Finnish manufacturing have generally developed steadily. After the electronic and electrical industry, the chemical industry, particularly the pharmaceutical industry, has become the sector with the second highest profitability. In the short-term, industrial profitability has reflected fluctuations in export demand but, in the long-term, it has also tracked the development of relative wages.
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