Finland Economic Output Expands At Slower Rate
14 August 2018 - 04:37AM
RTTF2
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.
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