Finland Economic Outlook
October 23, 2018The economy expanded robustly in the first two months of the third quarter. Growth was resilient in primary production—which captures agriculture, forestry and fishing activity—in July–August compared to the same period a year earlier, despite hot temperatures in August weighing on agriculture activity. Moreover, secondary production—which includes the manufacturing and construction sectors—grew strongly. Services output—the largest form of production—increased modestly. Fundamentals were good in Q3: Unemployment remained low through to August, and business and consumer confidence remained in optimistic territory in September. Meanwhile, union protests began in early October opposing government employment law proposals. In response, the government called for and won a confidence vote in parliament on 17 October. Nevertheless, protests are set to continue later in the month.
Finland Economic GrowthEconomic growth next year should be underpinned by lower unemployment and robust fixed investment growth, which should benefit from accommodative monetary policy and high business confidence. With that said, the government’s ongoing fiscal consolidation will constrain public consumption growth. Met the why particular panelists expect GDP growth of 2.1% in 2019, which is unchanged from last month’s forecast, and 1.8% in 2020.
Finland Economy Data
5 years of Finland economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.64||3.70 %||Nov 15|
|Exchange Rate||8.49||-0.38 %||Nov 15|
|Stock Market||3,915||0.0 %||Nov 15|
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Finland Economic News
November 14, 2018
Consumer prices rose 0.2% in October, down from the 0.3% increase in September.
November 14, 2018
Economic activity grew a working-day adjusted 3.2% in September compared to the same month last year, up from the revised 2.6% expansion in August (previously reported: +2.3% year-on-year). The economy was driven by a more upbeat sector-by-sector performance.
October 16, 2018
The current account balance fell back into a deficit in August.
October 15, 2018
Economic activity grew a working-day adjusted 2.3% in August compared to the same month last year, up from the revised 1.7% expansion in July (previously reported: +1.5% year-on-year). The economy had a mixed sector-by-sector performance in August.
September 19, 2018
The current account balance improved in July, hitting a surplus for the first time in nine months.