Finnish economy returned to growth in November

Finland’s national output increased by 1.3% in November, with a strong performance by the services sector.

Finland’s seasonally adjusted national output grew by 0.7% in November 2011 from the month before and by 1.3% compared to the corresponding month one year ago, according to Statistics Finland. The increase was mainly due to growth in services comprising of trade, hotel and restaurant activities, transport and business activities, real estate, renting and research services, financial intermediation and insurance, and public services.

Secondary production, including manufacturing and industry, remained at about the same level as one year ago. Primary production, consisting of agriculture, forestry and fishing, is estimated to have contracted by about 1% from November 2010, according to Statistics Finland.

Source: Statistics Finland