Finland: Economic activity accelerates to fastest pace in two and a half years
June 13, 2014
In April, economic activity rose a working-day adjusted 1.2% over the same month last year according to the monthly Trend Indicator of Output. The reading, which contrasted the 1.1% contraction seen in March, represented the highest pace of growth since December 2011. The expansion mainly resulted from an increase in services and in the secondary sector.
On a monthly basis, economic output increased a seasonally- and working-day adjusted 0.8% in April, which contrasted the 0.1% contraction recorded in March. As a consequence of the expansion, annual average growth in economic activity increased from March’s minus 0.8% to minus 0.5% in April.