Finland: Economic activity slows in November
January 15, 2015
In November, economic activity rose a working-day adjusted 0.9% over the same month last year, according to the monthly Trend Indicator of Output. The reading, was down from the 1.2% expansion recorded in October, and mainly reflected that increases in the primary and services sectors more than offset a contraction in the secondary sector, which includes manufacturing and construction.
On a monthly basis, economic output in November contracted 0.5% in seasonally- and working-day adjusted terms, coming in further below October’s 0.1% contraction and marking the worst reading in four months. Annual average growth in economic activity rebounded from October’s minus 0.1% to plus 0.1% in November, marking the largest value since June 2012.