Finland: Economic activity growth wanes in February
Economic activity shrank 0.6% year-on-year in working-day adjusted terms in February, softening notably from January’s 1.4% contraction.
February’s improvement was chiefly due to the services sector falling at a more moderate rate, while secondary production growth accelerating from the previous month. That said, output in the primary sector—which includes the agriculture, hunting, forestry and fishing subsectors—grew at a softer pace in February.
On a seasonally-adjusted monthly basis, economic activity rose 0.3% in February, slowing down markedly from January’s 1.5% expansion. Meanwhile, the trend pointed down, with annual average variation of economic activity coming in at minus 3.1% in February, down from January’s minus 2.9%.