Finland: Economic activity growth slows in February
Economic activity expanded 2.9% year-on-year in working-day adjusted terms in February, which was a deterioration from January’s 3.1% increase.
February’s activity slowed down due to a softer expansion in services compared to the previous month. This more than offset a rebound in the primary sector—which includes the agriculture, hunting, forestry and fishing subsectors—and faster growth in secondary production as well.
On a seasonally-adjusted monthly basis, economic activity fell at a softer pace of 0.2% in February (January: -0.9% s.a. mom). Meanwhile, the trend improved, with the annual average growth of economic activity coming in at 4.2% in February, up from January’s 3.8%.