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Financial News: Finland's Economic Growth Slows In July

Finland's Economic Growth Slows In July

09/13/2019 - 07:40:00 (RTTNews)

(RTTNews) - Finland's economic growth slowed in July, data from Statistics Finland revealed Friday.

Output of the national economy grew 1.7 percent year-on-year in July, slower than the revised 2.5 percent increase logged in June.

Output fell 0.8 percent on a monthly basis in July.

Data showed that primary production declined by around 4 percent, while secondary production grew about 4 percent. At the same time, services gained 1 percent from last year.

Another report from the statistical office showed that manufacturing turnover grew at a steady pace of 3.6 percent in July.

In a separate communiqué, the statistical office said turnover in services advanced 3.9 percent after rising 4.1 percent in June. Services output grew 2.6 percent, slightly faster than the 2.5 percent rise a month ago.

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