Finland: Economic activity growth slows to four-month low in November
Economic activity expanded 4.2% year-on-year in working-day adjusted terms in November, which was a deterioration from October’s 4.7% increase.
November’s moderation was due to activity in the primary sector—which includes the agriculture, hunting, forestry and fishing subsectors—and in secondary production expanding at softer paces. This more than offset a stronger expansion the services sector.
On a seasonally-adjusted monthly basis, economic activity rose 0.3% in November (October: -0.1% s.a. mom). Meanwhile, the trend improved, with the annual average growth of economic activity coming in at 3.3% in November, up from October’s 2.8%.