Quarterly GDP grows by 0.3% in April-June

Finland’s gross domestic product increased in the April to June quarter by 0.3 per cent from the first quarter of the year, according to Statistics Finland.

Compared with the second quarter of 2017, GDP adjusted for working days grew by 2.5 per cent.

Revisions put the change in the volume of GDP in the first quarter of 2018 at 1.2 per cent from that of the previous quarter (1.2%) and at 2.8 per cent from 12 months back (3.1%).

In the second quarter of 2018, the volume of exports has grown by 2.0 per cent from that of the previous quarter and by 3.7 per cent year-on-year. Imports increased by 1.4 per cent from that in the previous quarter and by 1.5 per cent year-on-year.

In the second quarter, the volume of private consumption grew by 0.5 per cent from that in the previous quarter and by 2.5 per cent year-on-year.

Gross fixed capital formation, or investments, grew by 1.9 per cent from that in the previous quarter and by 4.8 per cent year-on-year.