empty
 
 

2020.11.2714:11:00UTC+00Finland Q3 Growth Revised Up

Finland's economy exited recession in the third quarter and expanded at a faster than expected pace, latest figures from Statistics Finland showed on Friday.

Gross domestic product grew a seasonally adjusted 3.3 percent from the previous quarter, the latest figures showed, versus the initial estimate of 2.6 percent.

The economy grew for the first time since the second quarter of 2019.

On a year-on-year basis, GDP shrunk a working-day adjusted 2.7 percent, which was revised from 4 percent estimated earlier. The sequential contraction in the second quarter was revised to 3.9 percent from 4.5 percent and the annual decline to 6.2 percent from 6.4 percent.

Exports rose 2.6 percent quarterly and imports grew 4.7 percent. Private consumption increased 2.9 percent, while investments decreased 0.3 percent.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback