Ukraine war is weakening the business environment in Finland
Mäki-Fränti, Petri; Vanhala, Juuso (21.06.2022)
JulkaisusarjaBank of Finland. Bulletin
JulkaisijaBank of Finland
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi:bof-202207081330
The war in Ukraine is affecting industrial sectors and individual companies across Finland, though in an uneven manner. The results of a business survey show that the majority of companies believe they can replace relatively quickly the lost volume of exports to Russia with new markets. Some companies, however, stated that they will be unable to replace any of the lost volume of exports. Manufacturing industries, in particular, are suffering from supply chain problems and rising costs. Companies estimate that they will be able to compensate for the impact of higher costs on profitability by, for example, raising their sales prices. As a consequence of the war, companies’ investments, too, will remain slightly below the level planned.
The accessible version https://www.bofbulletin.fi/en/2022/2/ukraine-war-is-weakening-the-business-environment-in-finland/