GDP grows by 1.2% from previous quarter

The volume of Finland's gross domestic product increased in January to March period by 1.2 per cent from the previous quarter, according to Statistics Finland's preliminary data.

Compared with the first quarter of 2016, GDP adjusted for working days grew by 2.7 per cent.

Revisions put the change in the volume of GDP in the last quarter of 2016 at 0.6 per cent from the previous quarter (which was 0.0%) and at 1.8 per cent from twelve months back (which was 1.3%).

In the first quarter of 2017, the volume of exports grew by five per cent from the previous quarter and by close on nine per cent year-on-year.

Imports decreased by one per cent from the previous quarter but increased by nearly four per cent from one year ago.

In the first quarter, the volume of private consumption grew by one-and-a-half per cent from the previous quarter and by good three per cent from twelve months back.

Gross fixed capital formation, or investments, grew by four per cent from the previous quarter and by nine per cent year-on-year.