Finland Economic Outlook
September 27, 2016Finland’s economy stagnated in Q2, slowing down from Q1’s 0.3% quarterly expansion. Positive impulses to Q2 growth came from solid private consumption, public spending, fixed investment—which benefited from strong construction activity—and exports, which rebounded partly due to a large ship sale. Growth was flat, however, as these positive developments were countered by surging imports and falling inventories. While July’s pickup in the trend indicator of output and August’s continued decrease in unemployment send cautious signs for an improvement in Q3, July’s widening current account deficit highlights that weakness persists in the external sector. On a positive note, in September, S&P Global Ratings revised Finland’s credit outlook up from negative to stable on expectations that ongoing initiatives to restore Finland’s competitiveness—such as the competitiveness pact—will support a gradual economic recovery and bolster public finances.
Finland Economy Data
5 years of Finland economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Bond Yield||0.14||-17.65 %||Oct 21|
|Exchange Rate||8.25||0.79 %||Oct 21|
|Stock Market||3,500||-0.25 %||Oct 21|
Finland Economic Growth
September 27, 2016Strengthening fixed investment and robust private consumption will drive an uptick in GDP growth this year, while the performance of export-oriented industries is expected to be subdued, as demand from Russia remains sluggish and reforms to boost the competitiveness of Finnish exports will take some time to kick in. Our panelists expect GDP to grow 0.9% in 2016, which is unchanged from last month's forecast. In 2017, analysts expect GDP to expand 1.0%.
Finland Economic News
October 14, 2016
The current account posted a EUR 166 million deficit in August, according to Statistics Finland.
October 14, 2016
In August, economic activity fell a working-day adjusted 0.1% over the same month last year, according to the Monthly Trend Indicator of Output.
September 15, 2016
In July, economic activity expanded a working-day adjusted 1.5% over the same month last year, according to the Monthly Trend Indicator of Output.
September 6, 2016
The Finnish economy recorded flat growth in Q2 over the previous quarter in seasonally-adjusted terms, which represented a slowdown from Q1’s 0.3% expansion, according to preliminary data released by Statistics Finland on 6 September.
August 15, 2016
The current account posted a EUR 219 million deficit in June according to Statistics Finland.