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Finland Economic Activity July 2023

Finland: Monthly economic activity bounces back in July

Economic activity increased 0.7% in month-on-month seasonally adjusted terms in July, which contrasted June’s 0.9% decrease. Looking at the details of the release, July’s improvement was largely driven by a notable rebound in the primary sector—which includes the agriculture, hunting, forestry and fishing subsectors. This more than offset a weakening in the secondary sector.

On an annual basis, economic activity rose 1.5% in July, contrasting June’s 0.3% fall. Meanwhile, annual average economic activity growth was unchanged at June’s 0.9% in July, pointing to an stable trend.

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