Finland: Monthly economic activity rebounds in November
Economic activity expanded 0.2% in month-on-month seasonally adjusted terms in November, which contrasted October’s 0.9% decrease. Looking at the details of the release, November’s turnaround largely reflected improvements in both the secondary sector and the primary sector—which includes the agriculture, hunting, forestry and fishing subsectors.
On an annual basis, economic activity fell at a more moderate pace of 0.7% in working-day adjusted terms in November (October: -1.4% yoy) Meanwhile, annual average economic activity growth fell to 0.1% in November (October: +0.2%), pointing to a worsening trend.