Finland: Economic activity falls in May
July 15, 2014
In May, economic activity fell a working-day adjusted 0.2% over the same month last year according to the monthly Trend Indicator of Output. The reading, which contrasted the 1.9% expansion recorded in April, mainly reflected a decrease in the primary sector, which offset an increase in production in the secondary sector while services were unchanged.
On a monthly basis, economic output decreased a seasonally- and working-day adjusted 0.5% in May, which contrasted the 1.6% expansion recorded in April. However, annual average growth in economic activity inched up from April’s minus 0.3% to minus 0.2% in May, marking the highest pace of growth since June 2012.