Finland GDP


Finland: Economy continues sustained recovery

November 12, 2010

In September, economic activity increased 4.2% over the previous year in working-day adjusted terms according to the monthly Trend Indicator of Output. The reading was slightly below the 4.5% increase tallied in August. Moreover, the figure was favoured by a low base of comparison, as in September last year output plunged 10.2% annually. A month-on-month comparison corroborates the notion of a softer growth as output remained flat in seasonally adjusted terms over the previous month. The monthly deceleration was the result of weaker growth in the services sector, which slowed from 4.2% in August to 3.2% in September. In contrast, both the primary (agriculture, hunting, forestry and fishery) and secondary (manufacturing and construction) sectors improved. The secondary sector accelerated to a 9.7% expansion in September (August: +8.8% year-on-year), while the primary sector moderated the pace of decline by contracting 4.9% (August: -10.1% yoy). Based on the preliminary monthly data, Statistics Finland estimates that in the third quarter the economy grew a seasonally adjusted 1.3% over the previous quarter and 4.3% in annual terms. The complete set of data for gross domestic product will be released on 9 December. The Bank of Finland anticipates that the economy will grow 2.6% this year and 3.0% next year.


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Finland Economic News

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  • Finland: Economic growth quickens in September

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    In September, economic activity grew a working-day adjusted 3.8% over the previous year—up from August’s revised 3.7% rise (previously reported: +2.7% year-on-year)—according to the latest monthly Trend Indicator of Output released by Statistics Finland.

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  • Finland: Current account surplus steady in August

    October 13, 2017

    Finland’s current account surplus amounted to EUR 0.23 billion in August, almost unchanged from the revised EUR 0.25 billion surplus recorded in July (previously reported: EUR 0.16 billion). In the 12 months leading up to August, the current account deficit totaled EUR 0.52 billion, very close to July’s cumulative deficit of EUR 0.51 billion. However, the trade balance improved in August over the previous month, recording a EUR 238 million surplus compared to July’s EUR 75 million surplus.

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  • Finland: Economic activity slows in August

    October 13, 2017

    In August, economic activity grew by a working-day adjusted 2.7% over the previous year—down from July’s revised 3.6% rise (previously reported: +3.1%)—according to the latest monthly Trend Indicator of Output released by Statistics Finland.

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