Finland's gross domestic product grew by 2.3 percent year-on-year in November 2019, accelerating from an upwardly revised 1.9 percent advance in the prior month, boosted by a faster increase in industrial output (4.8 percent vs 0.5 percent in October) and a rebound in agriculture, forestry and fishing output (1.1 percent vs -3.9 percent). Meantime, services activity expanded at a softer pace (1.4 percent vs 2.6 percent). Leading Economic Index in Finland averaged 2.17 percent from 1996 until 2019, reaching an all time high of 9.10 percent in January of 2000 and a record low of -10.60 percent in September of 2009. source: Statistics Finland
Leading Economic Index in Finland is expected to be 1.20 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.