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.