Domestic Demand in Finland
Finland - Domestic Demand
Economic activity growth accelerates in August
Economic activity grew a working-day adjusted 2.3% in August compared to the same month last year, up from the revised 1.7% expansion in July (previously reported: +1.5% year-on-year).
The economy had a mixed sector-by-sector performance in August. Services production, the largest output category in Finland, expanded 0.7%, down from 1.3% in July. Primary production, which captures the agriculture, forestry and fishing sectors, increased a meager 1.1%, significantly down from the 8.2% increase in July. Secondary production, which includes the manufacturing and construction sectors, had a better performance in August; it grew 6.9%, up from 2.4% in July.
A month-on-month comparison shows that economic activity on a seasonally-adjusted basis expanded 0.2% in August, contrasting the revised 0.4% contraction in July (previously reported: -0.5% year-on-year). Average year-on-year growth in economic activity remained steady at July’s 2.4% in August.
FocusEconomics Consensus Forecast panelists expect an economic expansion of 2.7% in 2018, which is unchanged from last month’s forecast. For 2019, the panel sees GDP increasing 2.1%.
Finland - Domestic Demand Data
|Domestic Demand (annual variation in %)||-1.1||-0.1||1.3||2.8||2.1|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||0.76||3.70 %||Oct 16|
|Exchange Rate||8.15||-0.38 %||Oct 16|
|Stock Market||4,082||0.0 %||Oct 16|
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October 16, 2018
The current account balance fell back into a deficit in August.
October 15, 2018
Economic activity grew a working-day adjusted 2.3% in August compared to the same month last year, up from the revised 1.7% expansion in July (previously reported: +1.5% year-on-year). The economy had a mixed sector-by-sector performance in August.
September 19, 2018
The current account balance improved in July, hitting a surplus for the first time in nine months.
September 14, 2018
Economic activity grew a working-day adjusted 1.5% in July compared to the same month last year, down from the revised 2.8% expansion in June (previously reported: +3.0% year-on-year). The economy observed a broad-based slowdown in July.
August 31, 2018
Although the economy expanded for the 11th consecutive quarter, economic growth slowed in the second quarter of 2018 compared to the first quarter.