Finland: Economic activity picks up in July
September 15, 2016
In July, economic activity expanded a working-day adjusted 1.5% over the same month last year, according to the Monthly Trend Indicator of Output. The reading marked an acceleration from June’s 0.7% increase and the fastest expansion so far this year. The uptick mainly reflected a surge in secondary production, which more than offset a drop in primary production and a stagnation in services.
On a monthly basis, economic output in July rose 0.5% in seasonally-adjusted terms, which followed June’s 0.6% increase. The trend was stable as annual average growth in economic activity was level with June’s 0.9% growth.