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Finland Economic Activity February 2024

Finland: Monthly economic activity dips in February

Economic activity slid 0.4% month on month in seasonally adjusted terms in February (January: +1.5% mom). Looking at the details of the release, February’s figure was largely due to a bigger fall in the primary sector—which includes the agriculture, hunting, forestry and fishing subsectors. In contrast, the secondary and services sectors dropped at softer paces.

On an annual basis, economic activity rebounded, rising 0.8% in working-day adjusted terms in February (January: -0.3% yoy), the best result since May 2023. Accordingly, the trend improved slightly, with the annual average variation of economic activity coming in at minus 0.3% in February, up from January’s minus 0.5% reading.

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