Finland: Economic activity accelerates in October
December 16, 2014
In October, economic activity rose a working-day adjusted 0.8% over the same month last year, according to the monthly Trend Indicator of Output. The reading, which was slightly up from the revised 0.7% expansion (previously reported: -1.3% year-on-year) recorded in September, mainly reflected increases in the primary and services sectors, which more than offset a drop in the secondary sector.
On a monthly basis, economic output contracted 0.2% in seasonally- and working-day adjusted terms in October, which contrasted the 0.2% expansion recorded in September. Annual average growth in economic activity advanced from September’s minus 0.2% to minus 0.1% in October, marking the lowest contraction since June 2012.