Finland: Economic activity moderates in May
July 14, 2017
In May, economic activity in Finland expanded a working-day adjusted 2.5% over the same month last year, down from April’s 3.3% increase (previously reported: +3.8%) as per the Monthly Trend Indicator of Output released by Statistics Finland. The result was driven by an increase in output in the manufacturing and construction sector while the agricultural experienced a decline.
A month-on-month comparison shows that economic activity decreased 0.2% in seasonally-adjusted terms, contrasting April’s 0.4% increase. Nevertheless, annual average growth in economic activity increased from 2.4% in April (previously reported: +2.2%) to 2.5% in April.
Author: Christopher Mc Innes, Economist