Finland Economic Outlook
July 24, 2018The economy seems to have shrugged off its weak start to the second quarter, as indicated by the latest economic data. Economic activity gained traction in May, boosted by accelerating growth in services activity. Moreover, the labor market improved as the unemployment rate ticked down in May to the lowest level in over six years. Rising wages, solid retail sales in May and elevated consumer confidence in June point to solid private consumption growth in Q2. Weakness lingered, however, in the external sector, which appears to be losing some of its impetus. The current account balance registered a third consecutive deficit in May. Moreover, export growth declined in May, albeit partly due to a base effect from strong shipments in May 2017.
Finland Economic GrowthEconomic growth in 2018 and 2019 is seen being propelled by the domestic economy, driven by a healthy labor market and brisk fixed investment growth, as well as by accommodative monetary policy and strong business confidence. However, the government’s ongoing fiscal consolidation is expected to keep a lid on government consumption growth. Met the why particular panelists expect GDP growth of 2.7% in 2018, which is unchanged from last month’s forecast, and 2.2% in 2019.
Finland Economy Data
5 years of Finland economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.52||3.70 %||Aug 15|
|Exchange Rate||8.45||-0.38 %||Aug 15|
|Stock Market||4,136||0.0 %||Aug 15|
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Finland Economic News
July 13, 2018
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.
June 15, 2018
Economic activity grew a working-day adjusted 1.8% in April compared to the same month last year, down from a significantly revised 4.0% in March (previously reported: +3.1% year-on-year) and the lowest growth rate since August 2016.
June 15, 2018
The current account balance improved in May but nevertheless remained in deficit for the third consecutive month.
May 30, 2018
In Q1 2018, the economy expanded for the tenth consecutive quarter, with growth accelerating to an over seven-year high.
May 15, 2018
Economic activity grew a working-day adjusted 3.1% in March compared to the same month last year, up from February’s 2.4% expansion and the strongest result since May last year.