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.
Author: Jan Lammersen, Economist