Finland: Economic activity expands mildly in February
April 15, 2016
In February, economic activity increased a working-day adjusted 0.7% over the same month last year, according to the monthly Trend Indicator of Output. The figure was weaker than the 1.2% increase recorded in January and marked the smallest expansion in three months. February’s expansion mainly reflected that a rise in secondary production more than compensated for a contraction in services and a stagnation in primary production.
On a monthly basis, economic output in February recorded a 0.3% decrease in seasonally-adjusted terms, which contrasted January’s 0.3% expansion. The trend improved slightly, as annual average growth in economic activity inched up from January’s 0.6% to 0.7% in February, which marked the highest average growth since March 2012.