Finland's gross domestic product contracted by 5.5 percent year-on-year in May 2020, after a downwardly revised 5.3 percent fall in the prior month. It was the third straight month of decline in the economy, as both production of services (-6.7 percent vs -6.4 percent in April) and manufacturing (-3.4 percent vs -3.0 percent) shrank faster. Meanwhile, output continued to rise for agriculture, forestry and fishing (4.3 percent vs 0.5 percent).
Leading Economic Index in Finland averaged 2.08 percent from 1996 until 2020, reaching an all time high of 12.85 percent in March of 1998 and a record low of -11.02 percent in April of 2009. This page provides the latest reported value for - Finland GDP YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Finland Trend Indicator of Output YoY - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Statistics Finland
Leading Economic Index in Finland is expected to be -3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Finland to stand at 3.00 in 12 months time. In the long-term, the Finland Trend Indicator of Output YoY is projected to trend around 0.90 percent in 2021 and 2.00 percent in 2022, according to our econometric models.