Ukraine war is weakening the business environment in Finland
Mäki-Fränti, Petri; Vanhala, Juuso (21.06.2022)
Volyymi
96Numero
2/2022Julkaisija
Bank of Finland
2022
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-202207081330Tiivistelmä
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.
Julkaisuhuomautus
The accessible version https://www.bofbulletin.fi/en/2022/2/ukraine-war-is-weakening-the-business-environment-in-finland/