Finland GDP February 2017

Finland

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%.

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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