GDP grows by 0.4% in Q2

The volume of country’s Gross Domestic Product (GDP) increased by 0.4 per cent in the second quarter this year compared to the growth from April to June in 2016, according to the Statistics Finland.

The GDP adjusted for working days grew by 3.0 per cent.

Revisions put the change in the volume of GDP in the first quarter of 2017 at 1.2 per cent from the previous quarter (was 1.2%) and at 3.0 per cent from twelve months back (was 2.7%).

In the second quarter of 2017, the volume of exports remained on the same level as in January to March but increased by eight per cent from one year ago. Imports increased by three per cent from the previous quarter and by four per cent year-on-year.

Gross fixed capital formation, or investments, grew by three per cent in April to June from the previous quarter and by 11 per cent year-on-year.

The volume of private consumption grew by one per cent from the previous quarter and by three per cent from twelve months back.