Finland GDP

Finland

Finland: Economic activity rebounds at the outset of the year

March 13, 2015

In January, economic activity rose a working-day adjusted 0.7% over the same month last year, according to the monthly Trend Indicator of Output. The reading contrasted the revised 1.1% drop recorded in December (previously reported: -1.2% year-on-year) and marked the largest increase in three months. January’s expansion reflected a healthy increase in services, while growth in both the primary and secondary sectors was flat.

On a monthly basis, economic output expanded 1.5% in seasonally- and working-day adjusted terms in January, coming in well above December’s 0.8% contraction and marking the largest increase in 20 months. Annual average growth in economic activity stabilized at December’s 0.0% in January.

The Central Bank expects the economy to contract 0.1% in 2015 and to expand 1.0% in 2016. FocusEconomics Consensus Forecast panelists are more optimistic and expect GDP to expand 0.6% in 2015, which is unchanged from last month’s projection. For 2016, the panel sees GDP increasing 1.3%.


Author: Teresa Kersting, Economist

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Finland GDP Monthly January 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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