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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.

The Central Bank expects the economy to contract 0.1% in 2015 and to expand 1.0% in 2016. FocusEconomics Consensus Forecast panelists expect GDP to expand 0.5% in 2015, which is down 0.1 percentage points from last month’s projection. For 2016, the panel sees GDP increasing 1.4%.


Author:, Economist

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Finland GDP Chart


Finland GDP Monthly February 2015

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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