In January, industrial production contracted a working-day adjusted 5.2% over the same month last year. The print contrasted the 2.1% increase observed in December and marked the lowest reading since December 2009. The contraction was broad-based, with all major sub-categories falling into the red in January. In particular, manufacturing output swung from a 4.0% increase in December to a 9.3% contraction. Compared to the previous month, industrial output decreased a seasonally adjusted 4.9%, which contrasted the 2.5% increase tallied in December and marked, in fact, the largest monthly contraction since the staggering 12.8% decline experienced in December 2008. Owing to January's dismal performance, the trend continues to point down, with annual average growth in industrial production falling to 0.7% in January from 1.3% in December.
Industrial production plummets in January
March 9, 2012
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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.