Finland GDP

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Finland: Growth economic activity slows in July

September 15, 2015

In July, economic activity expanded a working-day adjusted 0.5% over the same month last year, according to the monthly Trend Indicator of Output. The figure was weaker than the revised 1.4% expansion recorded in June (previously reported: -0.9% year-on-year). July’s expansion was driven by an increase in the services sector, while both primary and secondary production decreased.

On a monthly basis, economic output recorded a flat reading in seasonally- and working-day adjusted terms in July, which was below the revised 2.6% increase recorded in June (previously reported: -0.1% month-on-month). Annual average growth in economic activity fell 0.1% in July, marking the highest reading since July 2012 (June: -0.2% 12-month-average).

The Central Bank expects the economy to contract 0.1% in 2015 and to expand 1.0% in 2016. FocusEconomics Consensus Forecast panelists expect GDP to expand 0.1% in 2015, which is down 0.2 percentage points from last month’s projection. For 2016, the panel sees GDP increasing 1.1%.


Author:, Economist

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Finland GDP Monthly July 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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