In January, industrial output increased a working-day adjusted 5.9% over the same month last year, which represented a moderation over the 9.7% expansion tallied in December. The deceleration was broad-based, as growth in all sectors slowed over the previous month, with the exception of mining and quarrying (December: +25.0% year-on-year; January: +35.2% yoy). A month-on-month analysis points to an even stronger deterioration than suggested by the annual data, as industrial production contracted 2.7% over the previous month in seasonally adjusted terms. However, the overall trend continues to improve, with annual average growth in industrial production jumping from 5.4% in December to 6.1%. Moreover, the Central Bank expects GDP to grow 3.0% in 2011 and 2.5% in 2012.
Industrial output records weak start to the year
March 4, 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.