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European Economic News

Finland Economic Output Expands At Slower Pace

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Finland's economic output expanded for the fourth consecutive month in February, though at a weaker pace than in the previous month, figures from Statistics Finland showed Friday.

Output advanced a working-day-adjusted 0.6 percent year-over-year in February, following a 1.2 percent rise in January, which was revised up from a 1.0 percent increase reporter earlier.

Primary production remained on level with the previous year. At the same time, secondary production climbed by 3.0 percent and services declined by close 1.0 percent.

On a monthly basis, economic output fell a seasonally adjusted 0.3 percent in February, in contrast to a 0.3 percent spike in the prior month. Moreover, the output contracted for the first time in four months.

In a separate report, the statistical office revealed that country's current account balance turned to a surplus of EUR 145 million in February from a deficit of EUR 113 million a month ago.

In the corresponding month last year, the shortfall was EUR 85 million.

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