In August, industrial output rose a working-day adjusted 2.4% over the same month last year, which contrasted the 0.5% drop in July (previously reported: +1.3% year-on-year) and represented the strongest reading in three months. The improvement was underpinned by a rebound in mining and quarrying, which swung from a 19.7% contraction in July to a 17.2% increase in August. Moreover, manufacturing output increased 3.3%, which was up from the 2.6% expansion recorded in July. A month-on-month analysis confirms the rebound suggested by the annual figures, as industrial production rose in August a seasonally adjusted 2.1% over the previous month, which contrasted the 0.4% contraction observed in July and represented its strongest pace since June last year. Despite the strong reading, the trend continues to moderate, with annual average growth in industrial production falling from 5.9% in July to 5.6% in August.
August industrial production recovers
October 10, 2011
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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.