In March, industrial production increased a working-day adjusted 0.1% over the same month last year. The print represented a significant deterioration compared to the 5.0% increase recorded in February (previously reported: +5.1% year-on-year). The slowdown was broad-based, as only electricity, gas, steam and air conditioning supply, with little effect on the index, accelerated over the previous month. In contrast, mining and quarrying moderated to a 6.1% expansion (February: +11.2% yoy), while manufacturing contracted for the first time in almost a year. A seasonally adjusted month-on-month comparison corroborates the notion of a deceleration, as industrial production grew a paltry 0.1% over the previous month (February: +1.9% mom). In the same vein, the overall trend moderated, with annual average growth in industrial production falling from 6.4% in February to 6.3%.
Industrial production slows in March
May 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.