Finland GDP November 2015


Finland: Economic activity falls to a three month low in November

January 15, 2016

In November, economic activity contracted a working-day adjusted 0.5% over the same month last year, according to the monthly Trend Indicator of Output. The figure was weaker than the revised 0.1% decrease recorded in October (previously reported: -1.8% year-on-year). November’s contraction reflected a decrease in the secondary production sector.

On a monthly basis, economic output in November recorded a 0.4% contraction in seasonally-adjusted terms, which contrasted October’s revised reading of a 0.2% increase (previously reported: -0.4% month-on-month). Annual average growth in economic activity in November was steady at October’s 0.1% decrease.

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 0.8% in 2016, which is unchanged from last month’s projection. For 2017, the panel sees GDP increasing 1.2%.

Author:, Economist

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Finland GDP Chart

Finland GDP Monthly November 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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