Finland: Monthly economic activity gains steam in November
Latest reading: Economic activity rose at a faster pace of 0.9% in month-on-month seasonally adjusted terms in November (October: +0.6% mom s.a.).
In working-day adjusted terms, the economy noted a broad-based deterioration, with the primary sector—which includes the agriculture, hunting, forestry and fishing subsectors—and the secondary and services sectors all shrinking.
On a calendar-adjusted annual basis, economic activity rebounded 1.5% in November (October: -0.4% yoy). As a result, the trend pointed up, with the annual average variation of economic activity coming in at minus 0.9% (October: -1.1%).