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).
Author: Robert Hill, Economist