Finland GDP January 2016


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.

The Central Bank expects the economy to expand 0.7% in 2016 and 1.0% in 2017. FocusEconomics Consensus Forecast panelists expect GDP to expand 0.8% in 2016, which is unchanged from last month’s projection. For 2017, the panel sees GDP increasing 1.2%.

Author:, Economist

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Finland GDP Chart

Finland GDP Monthly January 2016

Note: Year-on-year and annual average variation of working-day adjusted Trend Indicator of Output (TIO) in %.
Source: Statistics Finland and FocusEconomics calculations.

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