Finland: Monthly economic activity rebounds in August
Latest reading: Economic activity returned to growth in August, expanding 0.4% in month-on-month seasonally adjusted terms and contrasting July’s 0.4% decrease.
In working-day adjusted terms, the reading reflected a broad-based improvement: Momentum in the primary sector—which includes the agriculture, hunting, forestry and fishing subsectors—accelerated, and the secondary sector and services sub-sectors bounced back in August.
On an annual basis, economic activity rose at a faster rate of 1.9% in August (July: +0.2% yoy), the best result since May 2023. As a result, the trend improved, with the annual average variation of economic activity coming in at minus 1.1%, up from July’s minus 1.5% reading.