Fiscal Balance in Finland
Finland - Fiscal BalanceThe economy appears to have gathered momentum in the second quarter, according to a preliminary estimate from Statistics Finland based on the monthly economic activity indicator. Moreover, in June, economic activity expanded at the fastest pace in over one year in annual terms, suggesting that growth momentum likely carried over into the third quarter. A tighter labor market, as reflected by the unemployment rate hitting an over one-decade low in June; higher disposable income; and low inflation should continue propelling growth in Q3. That said, a somber global economic outlook and political uncertainty in Europe are restraining consumer spending, as well as investment plans. Both factors were also behind the fall in merchandise exports observed in Q2.
Finland - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-2.6||-3.2||-2.8||-1.7||-0.8|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||-0.35||3.70 %||Sep 04|
|Exchange Rate||9.03||-0.38 %||Sep 04|
|Stock Market||3,879||0.0 %||Sep 04|
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August 30, 2019
A second GDP release revealed the economy grew a revised 0.5% in Q2 2019 in seasonally-adjusted quarter-on-quarter terms (previously reported: +0.9% quarter-on-quarter), which was unchanged from Q1’s revised figure of 0.5% (previously reported: +0.6% quarter-on-quarter).
August 15, 2019
The current account balance improved to a EUR 0.8 billion surplus in June from the revised EUR 0.6 billion surplus in May (previously reported: surplus of EUR 0.3 billion). In the 12 months leading up to June, the current account balance totaled a EUR 1.5 billion deficit, marking an improvement over the EUR 3.4 billion deficit in May. The trade balance improved to a EUR 0.4 billion surplus in June from the EUR 0.1 billion surplus in May.
August 14, 2019
Economic activity grew a working-day adjusted 2.2% in June compared to the same month a year earlier, up from May’s 0.8% increase.
August 14, 2019
Consumer prices fell 0.3% in July compared to the previous month, contrasting the 0.1% increase in June.
July 16, 2019
Economic activity grew a working-day adjusted 0.8% in May compared to the same month a year earlier, down from April’s substantially revised 1.8% growth reading (previously reported: +2.8% year-on-year).