Retail Sales in Finland
Finland - Retail SalesThe economy is expected to have emerged from recession in Q3 after contracting in Q2 due to the fallout from the pandemic; however, data points to a fragile recovery. Economic activity swung to expansion in July–August from Q2’s overall contraction, although growth lost steam relative to its peak in June. Meanwhile, the unemployment rate rose to a near three-year high in September and consumer confidence decreased in the same month to its lowest value since May, likely capping private spending. On the external front, merchandise exports continued to fall in July–August, albeit at a softer pace compared to Q2. On the political front, on 15 October the government presented the 2021 draft budget, projecting public debt to rise but the fiscal deficit to narrow compared to 2020. The budget will focus on improving employment conditions, particularly for young people and over-55s, and environmental issues.
Finland - Retail Sales Data
|Retail Sales (annual variation in %)||0.5||2.0||2.6||1.8||2.3|
5 years of economic forecasts for more than 30 economic indicators.
Finland Retail Sales Chart
Source: Statistics Finland.
|Bond Yield||0.03||3.70 %||Dec 30|
|Exchange Rate||8.78||-0.38 %||Jan 01|
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December 15, 2020
Economic activity decreased 1.9% year-on-year in working-day adjusted terms in October, following the 2.1% contraction recorded in September (previously reported: -3.2% year-on-year).
December 14, 2020
Consumer prices decreased 0.07% in November over the previous month, swinging from October’s 0.10% increase.
December 11, 2020
The current account recorded a EUR 0.5 billion surplus in October, matching the surplus recorded in October last year, and increasing from September’s EUR 0.1 billion surplus.
November 27, 2020
GDP rebounded strongly in the third quarter, growing 3.3% on a seasonally-adjusted quarter-on-quarter basis and contrasting the 3.9% contraction recorded in the second quarter.
November 13, 2020
The current account recorded a EUR 0.1 billion surplus in September, matching the surplus recorded in September last year, although it inched down from the previous month’s EUR 0.2 billion surplus.