Finland economic output decline for the third month in a row

Finland's economic output declined for a third consecutive month in February, but at a softer pace, data from Statistics Finland showed on Thursday.

Output of the national economy fell a working-day adjusted 0.6% year-on-year in February, after a 1.3% decline in January, which was revised from a 3.7% fall.

On a seasonally adjusted basis, output rose 0.3% monthly in February.

Data showed that the primary production grew about 5% annually in February.

Secondary production rose by about 1% and services production declined by around 1% from a year ago.

Industrial turnover

Separate data from the statistical office showed that the industrial turnover grew a working-day adjusted 6.2% year-on-year in February, after remaining unchanged in January.

On a seasonally adjusted basis, industrial turnover gained 2.6% monthly in February.