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FX.co ★ Finland's Economy Expands 0.4% In February

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typeContent_19130:::2023-04-14T07:55:00

Finland's Economy Expands 0.4% In February

Finland's gross domestic product continued to expand in February, though at a slower pace amid a contraction in the secondary sector, data from Statistics Finland showed on Friday.

Output of the national economy rose a working-day-adjusted 0.4 percent year-over-year in February, slower than the downwardly revised 1.2 percent rise in January.

On a seasonally adjusted basis, output fell 0.7 percent in February, reversing a 0.7 percent gain a month ago.

Among sectors, primary sector production grew by about 2 percent. The output produced in the tertiary sector grew by roughly the same 2.0 percent, while secondary activity declined notably by 3.6 percent.

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