Finland GDP

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Finland: Economic activity deteriorates in October

December 14, 2015

In October, economic activity contracted a working-day adjusted 1.8% over the same month last year, according to the monthly Trend Indicator of Output. The figure was weaker than the revised 1.6% contraction recorded in August (previously reported: -2.6% year-on-year) and marked the largest contraction since April 2013. October’s contraction reflected a decrease in the secondary production sector, as well as services output.

On a monthly basis, economic output in October recorded a 0.4% contraction in seasonally-adjusted terms, which was a slight deterioration over September’s revised reading of a 0.3% decrease (previously reported: -0.7% month-on-month). Annual average growth in economic activity fell from a 0.3% contraction in September to a 0.5% decrease in October.

The Central Bank expects the economy to expand 1.2% in 2016 and 1.3% in 2017. Met the why particular Consensus Forecast panelists expect GDP to expand 0.8% in 2016, which is unchanged from last month’s projection. For 2017, the panel sees GDP increasing 1.2%.


Author:, Economist

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Finland GDP Monthly October 2015

Note: Year-on-year and annual average variation of working-day adjusted Trend Indicator of Output (TIO) in %.
Source: Statistics Finland and Met the why particular calculations.


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