Finland GDP February 2019


Finland: Economic growth moderates in February

April 16, 2019

Economic activity grew a working-day adjusted 1.7% in February compared to the same month a year earlier, down from the revised 2.1% rise in January (previously reported: +1.5% year-on-year). The headline reading was dampened by a strong slowdown in services production, which is the largest output category in Finland. Moreover, primary production, which captures the agriculture, forestry and fishing sectors, slowed notably. More positively, secondary production, which includes the manufacturing and construction sectors, grew 3.0% or more for the third consecutive month.

A month-on-month comparison shows that economic activity on a seasonally-adjusted basis fell 0.3% in February, contrasting 0.4% growth in January. Average year-on-year growth in economic activity was unchanged at January’s 2.0%.

FocusEconomics Consensus Forecast panelists expect an economic expansion of 1.8% in 2019, which is down 0.1 percentage points from last month’s forecast. For 2020, the panel sees GDP increasing 1.5%.

Author:, Economist

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Finland GDP Chart

Finland GDP Monthly February 2019

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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