In July, industrial production increased a working-day adjusted 1.3% over the same month last year. The print contrasted a 0.5% drop in June and, excluding this, would have represented the slowest pace of expansion since April 2010. That said, the improvement was the result of stronger growth in manufacturing, whereas output contracted in both mining and quarrying as well as in electricity, gas, steam and cooling. A month-on-month analysis shows that industrial output contracted in July for the second consecutive month, yet at a slower pace. Industrial production contracted 0.4% over June in seasonally adjusted terms, which, nevertheless, represents an improvement compared to the 3.4% contraction seen in June. Overall, the downward trend continued, with annual average growth in industrial production falling from 6.2% in June to 6.0% in July.
Industrial production recovers modestly
September 9, 2011
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Finland Economic News
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.
October 14, 2016
The current account posted a EUR 166 million deficit in August, according to Statistics Finland.
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.