Finland: Growth in economic activity picks up in January
March 16, 2017
In January, economic activity expanded a working-day adjusted 2.4% over the same month of the previous year, according to the Monthly Trend Indicator of Output. The reading marked a strong acceleration from December’s 1.0%. January’s reading mainly reflected robust growth in the agricultural and industrial sector, which more than compensated slow growth in the services sector.
On a monthly basis, economic output growth in January increased 0.5%, up from December’s revised 0.3% increase (previously reported: -0.3%). The improvement in activity means the trend is now pointing upwards once again, with annual average growth in economic activity at 1.3% in January, above December’s 1.2%.
Author: Christopher Mc Innes, Economist