Finland's gross domestic product increased by 2.83 percent year-on-year in April 2019, the most since March last year, accelerating from a downwardly revised 0.94 percent growth in the prior month, as industry output expanded faster (2.97 percent vs 1.69 percent) while services output continued to grow (0.95 percent vs 3.84 percent). Meantime, agriculture, forestry and fishing output contracted (-6.25 percent vs 1.24 percent). Leading Economic Index in Finland averaged 2.13 percent from 1996 until 2019, reaching an all time high of 9.20 percent in November of 2000 and a record low of -11.13 percent in September of 2009.
Leading Economic Index in Finland is expected to be 3.14 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 2.30 in 12 months time. In the long-term, the Finland Trend Indicator of Output YoY is projected to trend around 2.10 percent in 2020, according to our econometric models.