In November, industrial output decreased a working-day adjusted 3.5% over the same month the previous year. The reading marked an improvement over the revised 5.3% contraction observed in October (previously reported: -5.7% year-on-year), which had represented the worst result since November 2009. The modest recovery was the result of a slower contraction in manufacturing, while growth in mining and quarrying decelerated but remained positive. A month-on-month analysis suggests an improvement, with industrial production rising a seasonally adjusted 0.5% over the previous month, which contrasted the 1.3% contraction observed in October and marked, in fact, the fastest pace observed in three months. That said, the trend continues to point down, with annual average growth in industrial production falling from 2.3% in October to 1.4% in November.
Industrial output continues to trend down
January 10, 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.