Finland's gross domestic product declined a seasonally adjusted 1.76% month-on-month in January, following a 1.29% fall in December, the Statistics Finland said in a preliminary report on Wednesday. Initially, the GDP was reported to have fallen 0.6% in December. The GDP fell for the fourth consecutive month in January.

Year-on-year, the GDP dropped a working day adjusted 9.8% in January, compared to a 5.9% fall in December, revised from a 4.8% decline estimated initially. This is the third consecutive month the GDP has dropped.

According to the original series, the GDP was down 11.48% year-on-year in January compared to a revised 2.87% decline in December.

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