Saturday 10/16/21
PRODUCTION

Finland GDP growth slows in July

Data showed that primary production decreased about 6.0 per cent annually in July

Helsinki-port by Pixabay
The port of Helsinki. Photo: Pixabay.

Finland's economic output growth eased in July, data from Statistics Finland showed on Wednesday.

Output of the national economy increased a working-day adjusted 5.5 per cent year-on-year in July, after a 9.1-per-cent rise in June, which was revised down from 9.7-per-cent growth.

Screenshot 2021-09-15 at 20-02-54 Statistics Finland - Trend Indicator of OutputSource: Statistics Finland.

On a seasonally adjusted basis, output grew 0.2 per cent month-on-month in July, after a 1.14-per-cent rise in the prior month.

Data showed that primary production decreased about 6.0 per cent annually in July.

Meanwhile, secondary production rose by about 3.0 per cent and services production gained by around 7.0 per cent from a year ago.

Production

Primary production refers to agriculture, hunting, forestry and fishing. Secondary production includes manufacturing and construction.

Services comprise trade, hotel and restaurant activities, transport and business activities, as well as real estate, renting and research services, financial intermediation and insurance, and public services.

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