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Finland recorded the first year-on-year drop in its monthly working day-adjusted output in more than a year in June, 2017, according to Statistics Finland.
Finland recorded the first year-on-year drop in its monthly working day-adjusted output in more than a year in June, 2017, according to Statistics Finland.

 

Finland’s seasonally adjusted output is estimated to have decreased by 0.5 per cent from the previous quarter in the three months leading up to 30 June, reports Statistics Finland.

The statistics bureau reminds that in spite of the quarter-on-quarter decline in output, the country’s working day-adjusted output is estimated to have grown by 1.6 per cent year-on-year between April and June. The ranks of the employed are similarly believed to have grown by 0.9 per cent and the number of hours worked by 0.7 per cent in comparison to the second quarter of 2016.

Statistics Finland on Tuesday also reported that Finland’s seasonally adjusted output decreased by 1.5 per cent from the previous month in June. The country’s working day-adjusted output, in turn, fell by half a per cent from the corresponding month one year earlier, representing the first year-on-year drop in over a year.

The working day-adjusted output had increased by almost three per cent (2.8%) year-on-year in May.

Aleksi Teivainen – HT
Photo: Markku Ulander – Lehtikuva

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