Finland GDP November 2018

Finland

Finland: The economy growth slows to a four-month low in November

January 15, 2019

Economic activity grew a working-day adjusted 1.8% in November compared to the same month a year earlier, down from the revised 3.2% growth in October, which was previously reported as 2.9%. This latest outturn represents activity growth at a four-month low.

Dynamics were mixed across economic sectors in November, with decelerating growth in services production—which is the largest output category—and secondary production—which includes the manufacturing and construction sectors. On the other hand, primary production, which captures the agriculture, forestry and fishing sectors, saw accelerating output growth in November.

A month-on-month comparison shows that economic activity on a seasonally-adjusted basis decreased 0.3% in November, down from October’s flat reading. Average year-on-year growth in economic activity ticked down to 2.4% in November from 2.5% in October.

Finland GDP Forecast


FocusEconomics Consensus Forecast panelists expect an economic expansion of 2.0% in 2019, which is down 0.1 percentage points from last month’s forecast. For 2020, the panel sees GDP increasing 1.8%.


Author:, Economist

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Finland GDP Chart


Finland GDP Monthly November 2018

Note: Year-on-year and annual average variation of working-day adjusted Trend Indicator of Output (TIO) in %.
Source: Statistics Finland and FocusEconomics calculations.


Finland Economic News

  • Finland: Economic activity growth accelerates in November

    January 15, 2020

    Economic activity grew a working-day adjusted 2.3% in November from the same month a year earlier, up from October’s revised 1.9% reading (previously reported: +1.5% year-on-year), according to Statistics Finland’s latest monthly Trend Indicator of Output release. The uptick in November came on the back of a rebound in the primary sector—encapsulating agriculture, forestry and fishing sub-sectors—which had slumped in the previous month.

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  • Finland: Inflation ticks up in December

    January 14, 2020

    Consumer prices rebounded 0.1% in December compared with the previous month, reversing November’s 0.1% downtick.

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  • Finland: Current account surplus tightens in November

    January 13, 2020

    The current account surplus tightened to EUR 0.2 billion in November from a revised EUR 1.0 billion in October (previously reported: EUR 0.5 billion).

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  • Finland: Economic activity growth moderates in October

    December 13, 2019

    Economic activity grew a working-day adjusted 1.5% in October from the same month a year earlier, down from September’s revised 2.1% reading (previously reported: +0.8% year-on-year), according to Statistics Finland’s latest monthly Trend Indicator of Output release. The moderation in October came on the back of decreased activity in the primary sector—encapsulating agriculture, forestry and fishing sub-sectors—which slumped this month and thus weighed on the overall reading.

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  • Finland: Current account surplus widens in October

    December 13, 2019

    The current account surplus widened to EUR 0.5 billion in October from a revised EUR 0.3 billion in September (previously reported: EUR 0.5 billion).

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