Finland GDP February 2016


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.

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 0.7% in 2016, which is unchanged from last month’s projection. For 2017, the panel sees GDP increasing 1.1%.

Author: Teresa Kersting, Economist

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Finland GDP Chart

Finland GDP Monthly February 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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