empty
 
 

2018.08.1402:37:00UTC+00Finland Economic Output Expands At Slower Rate

Finland's economic output grew at a slower pace in June, figures from Statistics Finland showed Tuesday.

National output advanced a working-day-adjusted 3.0 percent year-over-year in June, slower than the 3.5 percent rise in May, which was revised up from a 3.4 percent growth reported earlier.

Production in the primary sector grew by around 10 percent, secondary production by 1.0 percent and services by slightly over 4.0 percent from June last year.

The seasonally adjusted economic output dropped 0.3 percent monthly in June, in contrast to a 0.8 percent increase in the prior month.

During the second quarter of this year, seasonally adjusted GDP is estimated to have risen by 0.5 per cent from the previous quarter. On a working-day-adjusted basis, GDP was 2.9 per cent up on the corresponding quarter of the year before, the agency said.

In an another report, the statistical office revealed that consumer price inflation accelerated to 1.4 percent in July from 1.2 percent in June.

The rise in inflation was mainly driven by higher prices of cigarettes, petrol and hotel rooms.

Month-on-month, consumer prices dropped 0.1 percent from June, when it rose by 0.2 percent.

Separately, the statistical office announced that retail sales value grew 1.2 percent yearly in June, well below the 6.1 percent rise in the previous month.

  • 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