Finland: Economic activity falls in February
April 15, 2015
In February, economic activity fell a working-day adjusted 0.5% over the same month last year, according to the monthly Trend Indicator of Output. The reading contrasted the revised 0.1% increase recorded in January (previously reported: +0.7% year-on-year). February’s contraction reflected a substantial decrease in the secondary sector, which offset gains made in the primary production and service sectors.
On a monthly basis, economic output contracted 0.7% in seasonally- and working-day adjusted terms in February, coming in well below January’s revised reading of 1.2% (previously reported: +1.5% month-on-month). Annual average growth in economic activity contracted 0.1% in February, which was marginally below January’s flat reading.
Author: Robert Hill, Economist