Finland: Economic activity improves in August
October 15, 2014
In August, economic activity recorded a working-day adjusted 0.6% drop over the same month last year, according to the monthly Trend Indicator of Output. The reading, which was an improvement over the 1.2% contraction recorded in July, mainly reflected a decrease in the secondary sector that more than offset an increase in production in the primary sector and in services.
On a monthly basis, economic output recorded zero growth in seasonally- and working-day adjusted terms in August, which was above July’s 0.2% contraction. Annual average growth in economic activity remained unchanged at July’s 0.4% drop.