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Finland suffers first annual GDP contraction since 2012

Staff Writer | August 15, 2017
Seasonally adjusted output in Finland fell by 1.5 percent in June 2017 from the month before.
Finland manufacturing
Europe   Adjusted for working days
Adjusted for working days, output was 0.5 percent lower than one year before.

According to revised data, working-day adjusted output rose in May by 2.8 percent (previously 2.5 percent) from May 2016.

Adjusted for working days, primary production increased by three percent and secondary production by nearly one percent year-on-year. Services fell by one percent from June 2016.

Seasonally adjusted GDP is estimated to have fallen by 0.5 percent from the previous quarter.

According to the series adjusted for working days, GDP was 1.6 percent up on the corresponding quarter of the year before. It is estimated that the number of the employed has increased by 0.9 percent from the second quarter of 2016.

Adjusted for working days, the number of hours worked was 0.7 percent higher than in the same quarter of one year ago.