Finland’s economy shows signs of growth

Increasing output and rising new orders in manufacturing present positive signals for the Finnish economy.

Preliminary information from Statistics Finland shows signs that the Finnish economy is returning to growth. According to the latest figures from Statistics Finland, the seasonally adjusted output of the national economy grew by 0.5 per cent in October from the month before.

In another positive sign, new orders in manufacturing grew by 6.9 per cent year-on-year in November 2009. This was the first rise since summer 2008. According to Statistics Finland, the strongest growth in the value of orders was seen in the metal industry where it was as high as 13.1 per cent, with the shipbuilding industry enjoying a particularly strong recovery. Orders also went up by 3.4 per cent in the chemical industry.

Source: Statistics Finland