Domestic Demand in Finland

Finland Domestic Demand | Economic News & Forecasts

Finland - Domestic Demand

Economic activity growth moderates in July after surging in June

Economic activity grew a working-day adjusted 1.7% in July compared to the same month a year earlier, down from June’s revised 2.5% increase. Increased activity in July was due to strong growth in the secondary sector, which includes manufacturing and construction, and modest growth in the services sector. On the other hand, the primary sector, which captures the agriculture, forestry and fishing sub-sectors, contracted.

A month-on-month comparison shows that economic activity on a seasonally-adjusted basis decreased 0.8% in July, contrasting June’s revised 1.1% increase (previously reported: +0.9% month-on-month). Meanwhile, average year-on-year growth in economic activity accelerated to 1.0% in July from 0.9% in June.

The Bank of Finland forecasts GDP growth of 1.6% in 2019. For 2020, the Bank forecasts a 1.5% increase in GDP. Our panelists expect an economic expansion of 1.6% in 2019, which is down 0.1 percentage points from last month’s forecast, and 1.4% in 2020.

Finland - Domestic Demand Data

2013  2014  2015  2016  2017  
Domestic Demand (annual variation in %)-1.1  -0.1  1.2  3.3  2.0  

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Finland Facts

ValueChangeDate
Bond Yield-0.353.70 %Sep 04
Exchange Rate9.03-0.38 %Sep 04
Stock Market3,8790.0 %Sep 04

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