Finland's manufacturing confidence indicator rose to -1 in August 2025 from a downwardly revised -5 in the previous month. This marked the highest reading since September 2022 and close to the long-term average of 0, as production expectations for the coming months strengthened (21 vs 15 in July), while the decline in the order backlog moderated (-28 vs -30). However, inventories of finished goods turned negative (-3 vs 1), falling below the average of 3. Meanwhile, 63% of companies reported operating at full capacity in August, up from 54% in the previous month, though still below the average of 70%.