Friday. 24.05.2024

The output of the Finnish economy fell again in October. With this decline, the production adds 9 consecutive months of year-on-year falls.

Adjusted for working days, output fell by 1.9% in October 2020 from one year back. In monthly terms, seasonally adjusted production registered a slight growth (0.2%) compared with September.

Output-economy

Source: Statistics Finland.

Agriculture and manufacturing

Working day adjusted primary production (agriculture, hunting, forestry and fishing) decreased by around 4%.

Secondary production (includes manufacturing and construction) decreased by about 1% and services by around 2% from October 2019.

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.

National economy output falls for ninth consecutive month