Retail Sales in Finland

Finland Retail Sales | Economic News & Forecasts

Finland - Retail Sales

The economy contracted again in Q2, although at a much slower pace than in most European economies, as the Covid-19 pandemic took its toll. Households increased precautionary savings and cut their spending, while international trade slumped in Q2, due to restrictions and disrupted supply chains. Turning to Q3, available data hints that a recovery is underway: The indicator for economic activity continued to improve in July, with its best reading since January, while sales continued to expand in annual terms in the same month, hinting at strengthening domestic demand. However, in August the unemployment rate rose to its highest level since May 2018, while consumer confidence slumped, which could dampen spending ahead. On the political front, in early September the government included an additional EUR 60 million in its fifth supplementary budget proposal for 2020 to help with the costs of the pandemic.

Finland - Retail Sales Data

2015   2016   2017   2018   2019  
Retail Sales (annual variation in %)0.5  2.0  2.6  1.8  2.3  

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Finland Retail Sales Chart

Finland Retail
Note: Annual variation of real retail sales in %.
Source: Statistics Finland.

Finland Facts

Value Change Date
Bond Yield0.033.70 %Dec 30
Exchange Rate8.78-0.38 %Jan 01

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