Holiday slowdown and continuing trade uncertainties curtail demand in Nordic markets

Business activity, in August, is generally subdued in the Nordic markets, as participants return from annual holidays. The US-China trade war continues to have a negative effect on sentiment. Reduced automotive production, principally in Germany, is starting to disturb other market sectors. Uncertainty surrounding Brexit is having a disruptive impact on trade flows. These factors caused some weakening of prices, countering producers’ efforts to increase levels, in the face of higher raw material costs.

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