Domestic Demand in Finland

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Finland - Domestic Demand

Economic activity growth moderates in October

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. Conversely, activity in the secondary sector—which includes manufacturing and construction—and the services sector both grew in October, although at a slower pace than in September.

A month-on-month comparison showed that economic activity on a seasonally-adjusted basis dipped 0.6% in October, contrasting September’s revised 0.1% increase (previously reported: -0.4% year-on-year). Meanwhile, average annual growth in economic activity was up slightly in October at 1.3% from 1.2% the month prior.

Our panelists expect an economic expansion of 1.1% in 2020, which is unchanged from last month’s forecast, and 1.2% in 2021.

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 Yield0.033.70 %Dec 30
Exchange Rate8.78-0.38 %Jan 01

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Economic News

  • 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.

    Read more

  • 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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    December 13, 2019

    Consumer prices decreased 0.1% in November compared with the previous month, reversing October’s 0.1% uptick.

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    November 29, 2019

    A second GDP release revealed the economy grew a revised 0.7% in the third quarter in seasonally- and calendar-adjusted terms from the previous quarter (previously reported: +0.5% quarter-on-quarter), which is down slightly from Q2’s 0.8% reading.

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  • Finland: Current account surplus widens in September

    November 15, 2019

    The current account surplus widened to EUR 0.5 billion in September from EUR 0.2 billion in August.

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