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.
Author: Robert Hill, Economist