Exchange Rate in Finland
Finland - Exchange RateThe economy performed well in the second quarter of this year, although growth slowed compared to the first quarter. According to Statistics Finland’s monthly Trend Indicator of Output, both services and primary production increased robustly in Q2, although secondary production growth was very weak. This was partly due to strikes in the construction sector. Furthermore, unemployment fell to a multi-year low in June. A tightening labor market should have therefore supported private consumption throughout Q2. However, the current account logged a multi-year-high deficit in Q2, contrasting the surplus recorded in Q1. More recently, the European Commission’s economic sentiment indicator—which captures business and consumer confidence—improved in July, boding well for the economy in Q3. However, businesses in the construction sector turned pessimistic, contrasting the optimism recorded in June.
Finland - Exchange Rate Data
|Exchange Rate (vs USD)||1.38||1.21||1.09||1.05||1.20|
5 years of economic forecasts for more than 30 economic indicators.
Finland Exchange Rate Chart
Source: Thomson Reuters.
|Bond Yield||0.71||3.70 %||Sep 20|
|Exchange Rate||8.15||-0.38 %||Sep 20|
|Stock Market||4,313||0.0 %||Sep 20|
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September 19, 2018
The current account balance improved in July, hitting a surplus for the first time in nine months.
September 14, 2018
Economic activity grew a working-day adjusted 1.5% in July compared to the same month last year, down from the revised 2.8% expansion in June (previously reported: +3.0% year-on-year). The economy observed a broad-based slowdown in July.
August 31, 2018
Although the economy expanded for the 11th consecutive quarter, economic growth slowed in the second quarter of 2018 compared to the first quarter.
August 15, 2018
The current account balance improved in June but nevertheless remained in a deficit for the fourth consecutive month.
August 14, 2018
Economic activity grew a working-day adjusted 3.0% in June compared to the same month last year, down from the revised 3.6% expansion in May (previously reported: +3.4% year-on-year). Economic activity dynamics were mixed in June.