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Finland National Output Falls At Faster Rate In February

5/7/2013 2:28 AM ET

Finland's national output decreased a working-day adjusted 2.9 percent annually in February, faster than the 1.2 percent drop seen in January, which was revised up from 2.3 percent, Statistics Finland said Tuesday.

Primary production, comprising agriculture, hunting, forestry and fishing, decreased by 10 percent from a year earlier, while secondary production, including manufacturing and construction, grew by 1 percent. There was a 1 percent gain in services output.

On a monthly basis, the seasonally adjusted output dropped by 0.7 percent in February, after edging down 0.03 percent in the previous month, marking the second successive decrease.

Separately, the statistical office said the number of motor vehicles registered in Finland climbed 44.1 percent year-on-year to 18,074 units in April. New registrations of passenger cars more than doubled to 9,850, helped by changes in automobile taxes.

In the January-April period, the number of new vehicles registered advanced 25.5 percent from last year to 59,868. Sales of passenger cars were higher by 27.8 percent.

by RTT Staff Writer

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