Finland GDP


Finland: Growth in economic activity reaches over-three -year high in March

May 15, 2015

In March, economic activity grew a working-day adjusted 1.4% over the same month last year, according to the monthly Trend Indicator of Output. The figure marked the highest reading since September 2011. The reading contrasted the revised 0.8% increase recorded in February (previously reported: -0.5% year-on-year). March’s expansion was driven by gains in both secondary and primary production, as well as in services.

On a monthly basis, economic output registered flat growth in seasonally- and working-day adjusted terms in March, which matched the result recorded in February’s revised figure (previously reported: +0.7% month-on-month). Annual average growth in economic activity expanded 0.2% in March, which was marginally above February’s revised flat reading (previously reported: -0.1% 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 0.5% in 2015, which is down 0.1 percentage points from last month’s projection. For 2016, the panel sees GDP increasing 1.4%.

Author:, Economist

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Finland GDP Chart

Finland GDP Monthly March 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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