GDP grows by 0.4% in Q3

The volume of Finland’s gross domestic product increased in July to September by 0.4 per cent from the previous quarter, according to Statistics Finland.

Compared with the third quarter of 2016, GDP adjusted for working days grew by 3.0 per cent.

Revisions put the change in the volume of GDP in the second quarter of 2017 at 0.8 per cent from the previous quarter (was 0.4%) and at 3.6 per cent from twelve months back (was 3.0%).

In the third quarter of 2017, the volume of exports decreased from April to June by two per cent but increased by six per cent from one year ago. Imports decreased by 2.5 per cent from the previous quarter but increased by 0.5 per cent year-on-year.

Gross fixed capital formation, or investments, grew in July to September by two per cent from the previous quarter and by nine per cent year-on-year. The volume of private consumption grew by one-half of a per cent from the previous quarter and by two per cent from twelve months back.