Saturday. 04.02.2023

Output of the Finnish economy grew strongly in April, both year-on-year and in monthly terms.

According to Statistics Finland's data, industrial output adjusted for working days went up by 6.4 per cent in April 2021 year-on-year. 

In April, seasonally adjusted output grew by 1.9 per cent from the month before.

According to revised data, working day adjusted output grew in March 2021 by 0.1% (previously 1.1 per cent) from March 2020.

Screenshot 2021-06-15 at 08-55-58 Statistics Finland - Trend Indicator of OutputSource: Statistics Finland.

Production by sector

Output grew in all sectors.

Working day adjusted primary production grew by around five and a half per cent. Primary production refers to agriculture, hunting forestry and fishing.

Secondary production (manufacturing and construction) increased by three per cent and services by around eight per cent from April 2020.

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.

Output of the Finnish economy grew strongly in April