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Finland Economic Output Grows At Slower Pace In August

Finland’s economic output expanded at a slower pace in August from a year ago, figures from Statistics Finland showed Friday.

National output advanced a working-day-adjusted 2.7 percent year-over-year in August, weaker than the 3.6 percent rise in July, which was revised from a 3.1 percent growth reported earlier.

Primary production rose 5.0 percent annually in August and secondary production by 4.0 percent. Tertiary sector logged an increase of 2.0 percent.

On a monthly basis, the seasonally adjusted economic output contracted 0.7 percent from July, when it rebounded by 0.6 percent.

In an another report, the statistical office revealed that country’s current account surplus dropped to EUR 233 million in August from EUR 251 million in the previous month.

In the corresponding month of 2016, the surplus was EUR 248 million.

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