17.08.2011

Finnish economy is growing steadily

National output increased by 2.5% in June and by 3.4% from the corresponding quarter of the year before, according Statistics Finland.

The Finnish economy is growing steadily, according to the latest seasonally adjusted output figures from Statistics Finland. In June output increased by 2.5% from the corresponding month one year ago, while in May the growth rate was 4.8%.

According to Statistics Finland, primary production consisting of agriculture, forestry and fishing is estimated to have grown by 13% from June 2010. Secondary production, including manufacturing and construction, increased by 2% and services also went up by 2%.

Seasonally adjusted output is estimated to have grown by 1.2% from the previous quarter. According to the series adjusted for working days, output went up by 3.4% from the corresponding quarter of the year before. The data are based on the preliminary data on the Trend Indicator of Output.


Source: Statistics Finland