Finland: Growth in economic activity slows in February
April 13, 2017
In February, economic activity in Finland expanded a working-day adjusted 3.0% over the same month of the previous year, according to the Monthly Trend Indicator of Output. The reading marked a mild slowdown from January’s 3.7% expansion. February’s reading mainly reflected robust growth in the agricultural and industrial sectors, which was offset by slow growth in the services sector.
On a monthly basis, economic activity in February decreased 0.1% in seasonally-adjusted terms, contrasting January’s 1.2% expansion. Despite a mild slowdown suggested by the annual data, the overall trend continues to point upwards, with annual average growth in economic activity at 1.5% in February, above January’s 1.4%.
Author: Christopher Mc Innes, Economist