In July, the economy grew 4.6% over the same month last year in working-day adjusted terms. The reading represented a moderation compared to the strong 5.5% expansion recorded in June (previously reported: +5.1% year-on-year). A month-on-month comparison corroborates the deterioration suggested by the annual figures, as the economy contracted 0.2% over June in seasonally adjusted terms. The monthly slowdown was the result of a deceleration in manufacturing and construction, which grew 7.3% (June: +11.3% yoy). In contrast, agriculture, hunting, forestry and fishery accelerated to a 10.1% expansion (June: +2.3% yoy). Finally, growth in the services sector remained unchanged at June's 3.2%.
Growth moderates in July
October 8, 2010
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Finland Economic News
October 14, 2016
The current account posted a EUR 166 million deficit in August, according to Statistics Finland.
October 14, 2016
In August, economic activity fell a working-day adjusted 0.1% over the same month last year, according to the Monthly Trend Indicator of Output.
September 15, 2016
In July, economic activity expanded a working-day adjusted 1.5% over the same month last year, according to the Monthly Trend Indicator of Output.
September 6, 2016
The Finnish economy recorded flat growth in Q2 over the previous quarter in seasonally-adjusted terms, which represented a slowdown from Q1’s 0.3% expansion, according to preliminary data released by Statistics Finland on 6 September.
August 15, 2016
The current account posted a EUR 219 million deficit in June according to Statistics Finland.