Finland GDP April 2017

Finland

Finland: Economic activity accelerates in April

June 15, 2017

In April, economic activity in Finland expanded a working-day adjusted 3.8% over the same month last year, a substantial increase from March’s 2.9% increase (previously reported: +1.3%) as per the Monthly Trend Indicator of Output released by Statistics Finland. The result was driven by an increase in output in the manufacturing and construction sector while the agricultural sector also witnessed a pick-up in production.

A month-on-month comparison shows that economic activity increased 0.7% in seasonally-adjusted terms, an upswing from the previous month’s flat reading. As a result, annual average growth in economic activity increased from 1.9% in March (previously reported: +1.6%) to 2.2% in April.

The Central Bank expects the domestic economy to expand 2.1% in 2017 and 1.7% in 2018. FocusEconomics Consensus Forecast panelists expect a much lower expansion, forecasting GDP to expand 1.4% in 2017, which is up 0.1 percentage points from last month’s projection. For 2018, the panel sees GDP increasing 1.5%.


Author:, Economist

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Finland GDP Monthly April 2017 0

Note: Year-on-year and annual average variation of working-day adjusted Trend Indicator of Output (TIO) in %.
Source: Statistics Finland and FocusEconomics calculations.


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