Finland: Economic activity drops in August
October 14, 2016
In August, economic activity fell a working-day adjusted 0.1% over the same month last year, according to the Monthly Trend Indicator of Output. This was a deterioration from July’s 2.0% increase and the steepest drop in 4 months. This mainly reflected a decline in the services sector, while primary production was stable and secondary production expanded.
On a monthly basis, economic output in August fell 1.2% in seasonally-adjusted terms, contrasting July’s 0.8% increase. The trend was stable as annual average growth in economic activity was level with July’s 0.3% growth.