Finland: Economic activity growth eases in August but remains solid
October 15, 2021
Economic activity increased 4.6% year-on-year in working-day adjusted terms in August, which followed July's 5.3% increase. August's result marked the worst reading since March, and was driven by a slowdown in the services sector, which more than offset a rebound in the primary sector. Growth in the secondary sector was broadly stable from July.
On a seasonally-adjusted monthly basis, economic activity rose 0.3% in August (July: 0.0% mom). Meanwhile, the trend improved notably, with the annual average growth of economic activity coming in at an over one-year high of plus 1.6%, up from July's 0.9%.
Author: Marta Casanovas , Junior Economist