Finland Economic Activity April 2021

Finland

Finland: Economic activity growth accelerates in April

June 15, 2021

Economic activity expanded notably in April, with growth clocking in at 6.4% year-on-year in working-day adjusted terms, accelerating from March’s 0.1% increase. While the reading was supported by a favorable base effect, the result still marked an over decade high, pointing to an improvement in underlying dynamics.

April’s upturn was broad-based, with the services sector and the primary sector—which includes the agriculture, hunting, forestry and fishing subsectors—both growing at a stronger pace compared to the previous month. Moreover, secondary production bounced back in April.

Consequently, the trend pointed up, with annual average variation of economic activity coming in at minus 1.6% in April, up from March’s minus 2.6%.

On a seasonally-adjusted monthly basis, economic activity bounced back to growth in April, clocking at 1.9%, and contrasting March’s 0.7% decline.

FocusEconomics panelists forecast the economy to expand 2.7% in 2021, which is up 0.1 percentage points from last month’s forecast, and grow 2.6% in 2022.


Author:, Junior Economist

Sample Report

Looking for forecasts related to Economic Activity in Finland? Download a sample report now.

Download

Finland Economic Activity Chart


Finland GDP Monthly April 2021

Note: Year-on-year and annual average variation of working-day adjusted Trend Indicator of Output (TIO) in %.
Source: Statistics Finland and FocusEconomics calculations


Finland Economic News

More news

Search form