Finland GDP January 2017

Finland

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%.

The Central Bank expects the economy to expand 1.6% in 2017 and 1.5% in 2018. FocusEconomics Consensus Forecast panelists expect GDP to expand 1.2% in 2017, which is unchanged from last month’s projection. For 2018, the panel sees GDP increasing 1.3%.


Author:, Economist

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Finland GDP Monthly January 2017

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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