Finland's gross domestic product expanded by 1.71 percent year-on-year in July 2019, slowing from an upwardly revised 2.46 percent growth in the prior month, as services output rose by 1.31 percent, easing from a 2.37 percent advance in June. Meantime, industrial output grew faster (4.24 percent vs 3.52 percent) while agriculture, forestry and fishing output continued to shrink (-4.27 percent vs -8.20 percent). Leading Economic Index in Finland averaged 2.10 percent from 1996 until 2019, reaching an all time high of 9.06 percent in November of 2000 and a record low of -12.20 percent in January of 2009.
Leading Economic Index in Finland is expected to be 1.80 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 1.00 in 12 months time. In the long-term, the Finland Trend Indicator of Output YoY is projected to trend around 0.90 percent in 2020, according to our econometric models.