Domestic Demand in Finland

Finland Domestic Demand | Economic News & Forecasts

Finland - Domestic Demand

Economic growth moderates in February

Economic activity grew a working-day adjusted 1.7% in February compared to the same month a year earlier, down from the revised 2.1% rise in January (previously reported: +1.5% year-on-year). The headline reading was dampened by a strong slowdown in services production, which is the largest output category in Finland. Moreover, primary production, which captures the agriculture, forestry and fishing sectors, slowed notably. More positively, secondary production, which includes the manufacturing and construction sectors, grew 3.0% or more for the third consecutive month.

A month-on-month comparison shows that economic activity on a seasonally-adjusted basis fell 0.3% in February, contrasting 0.4% growth in January. Average year-on-year growth in economic activity was unchanged at January’s 2.0%.

FocusEconomics Consensus Forecast panelists expect an economic expansion of 1.8% in 2019, which is down 0.1 percentage points from last month’s forecast. For 2020, the panel sees GDP increasing 1.5%.

Finland - Domestic Demand Data

2013  2014  2015  2016  2017  
Domestic Demand (annual variation in %)-1.1  -0.1  1.3  2.8  2.1  

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Finland Facts

ValueChangeDate
Bond Yield0.463.70 %Jan 29
Exchange Rate8.43-0.38 %Jan 30
Stock Market4,0230.0 %Jan 30

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