Finland's gross domestic product shrank by 7.9 percent year-on-year in April 2020, after an upwardly revised 5.7 percent fall in the prior month. It was the second straight month of decline in the economy and the steepest fall since November 2009, as production of services contracted more (-9.9 percent vs -5.8 percent in March). Meanwhile, output continued to decline for both agriculture, forestry and fishing (-5.2 percent vs -11.1 percent) and manufacturing (-3.1 percent vs -4.7 percent).
Leading Economic Index in Finland averaged 2.07 percent from 1996 until 2020, reaching an all time high of 9.10 percent in November of 2000 and a record low of -10.66 percent in January 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 July of 2020. source: Statistics Finland
Leading Economic Index in Finland is expected to be 0.90 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 2021, according to our econometric models.