Finland: Economic activity climbs to eight month high in December
February 12, 2016
In December, economic activity increased a working-day adjusted 0.6% over the same month of the previous year, according to the monthly Trend Indicator of Output. The figure was stronger than the revised 0.2% increase recorded in November (previously reported: +0.5% year-on-year). December’s contraction reflected a strong increase in secondary production.
On a monthly basis, economic output in November recorded a 0.2% contraction in seasonally-adjusted terms, which contrasted November’s revised reading of a 0.6% increase (previously reported: -0.2% month-on-month). Average annual growth in economic activity was 0.1% in December, contrasting the 0.2% contraction witnessed in November.
Author: Robert Hill, Economist