Domestic Demand in Finland

Finland Domestic Demand | Economic News & Forecasts

Finland - Domestic Demand

Economic activity growth accelerates in May

Economic activity grew a working-day adjusted 3.4% in May compared to the same month last year, up from the revised 2.6% expansion in April (previously reported: 1.8% year-on-year).

Increased activity in May came as services production, the largest output category in Finland, expanded 3.8%, up from 2.9% in April. Moreover, primary production, which captures the agriculture, forestry and fishing sectors, grew 5.7% in May (April: +7.9% yoy). Meanwhile, secondary production, which includes the manufacturing and construction sectors, grew 2.9% in May, up from 1.9% in April.

A month-on-month comparison shows that economic activity on a seasonally-adjusted basis expanded 0.7% in May, in contrast with the revised 0.5% decrease in April (previously reported: +0.9% month-on-month). Average year-on-year growth in economic activity remained steady at 2.9% in May, unchanged from April.

Finland GDP Forecast

The Central Bank expects the economy to expand 2.9% in 2018 and 2.2% in 2019. FocusEconomics Consensus Forecast panelists expect an economic expansion of 2.7% in 2018, which is up 0.2 percentage points from last month’s forecast. For 2019, the panel sees GDP increasing 2.2%.

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

Bond Yield0.583.70 %Aug 07
Exchange Rate8.20-0.38 %Aug 07
Stock Market4,2860.0 %Aug 07

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