Finland: Economic activity expands, but at a slower pace in January
March 16, 2016
In January, economic activity increased a working-day adjusted 1.0% over the same month last year, according to the monthly Trend Indicator of Output. The figure was weaker than the revised 1.9% increase recorded in December (previously reported: +0.6% year-on-year). January’s result reflected a strong increase in secondary production.
On a monthly basis, economic output in January recorded a 0.2% increase in seasonally-adjusted terms, which contrasted December’s revised reading of a 0.5% increase (previously reported: +0.2% month-on-month). Average annual growth in economic activity was 0.4% in January, which followed the 0.3% expansion observed in December, and marking the highest average growth since April 2012.
Author: Robert Hill, Economist