Finland's gross domestic product grew by 2.3 percent year-on-year in November 2019, accelerating from an upwardly revised 1.9 percent advance in the prior month, boosted by a faster increase in industrial output (4.8 percent vs 0.5 percent in October) and a rebound in agriculture, forestry and fishing output (1.1 percent vs -3.9 percent). Meantime, services activity expanded at a softer pace (1.4 percent vs 2.6 percent). Leading Economic Index in Finland averaged 2.17 percent from 1996 until 2019, reaching an all time high of 9.10 percent in January of 2000 and a record low of -10.60 percent in September of 2009. source: Statistics Finland

Leading Economic Index in Finland is expected to be 1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Finland to stand at 1.00 in 12 months time. In the long-term, the Finland Trend Indicator of Output YoY is projected to trend around 0.90 percent in 2020, according to our econometric models.

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Finland Trend Indicator of Output YoY

Actual Previous Highest Lowest Dates Unit Frequency
2.30 1.90 9.10 -10.60 1996 - 2019 percent Monthly
WDA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-15 05:00 AM Aug 2.55% 2.49% 1.9%
2019-11-14 06:00 AM Sep 0.83% 2.06%
2019-12-13 06:00 AM Oct 1.5% 2.05%
2020-01-15 06:00 AM Nov 2.3% 1.9%
2020-02-14 06:00 AM Dec 2.3% 1.6%


News Stream
2019-12-13
Finnish GDP Growth Weakest in 5 Months
Finland's gross domestic product expanded by 1.5 percent year-on-year in October 2019, easing from an upwardly revised 2.1 percent gain in the prior month. This was the weakest monthly GDP growth rate since May, as production grew softer for both industrial output (1.4 percent vs 2.4 percent) and services (1.6 percent vs 1.8 percent), while agriculture, forestry and fishing output shrank (-3.24 percent after being flat in September).

2019-11-14
Finnish September GDP Growth Weakest in 4 Months
Finland's gross domestic product expanded by 0.8 percent year-on-year in September 2019, easing from a downwardly revised 2.1 percent gain in the prior month. This was the weakest monthly GDP growth rate since May, as production of services rose softer (1.3 percent vs 2.0 percent), while agriculture, forestry and fishing output stalled (vs 1.1 percent in August). In addition, industrial output edged down (-0.1 percent vs 2.8 percent).

2019-10-15
Finish GDP Growth Rate Strongest in Near 1-1/2 Years
Finland's gross domestic product expanded by 2.55 percent year-on-year in August 2019, accelerating from an upwardly revised 2.49 percent gain in the prior month. This was the highest GDP growth rate, since April 2018, as agriculture, forestry and fishing output rebounded sharply (1.1 percent vs -4.80 percent in July). Meanwhile, production continued to rise for both services (1.95 percent vs 2.19 percent) and industrial output (4.07 percent vs 4.86 percent).

2019-09-13
Finnish GDP Growth Eases to 1.7% in July
Finland's gross domestic product expanded by 1.71 percent year-on-year in July 2019, slowing from an upwardly revised 2.46 percent growth in the prior month, as services output rose by 1.31 percent, easing from a 2.37 percent advance in June. Meantime, industrial output grew faster (4.24 percent vs 3.52 percent) while agriculture, forestry and fishing output continued to shrink (-4.27 percent vs -8.20 percent).

2019-08-14
Finnish GDP Growth Rises to 14-Month High in June
Finland's gross domestic product increased by 2.23 percent year-on-year in June 2019, the most since April last year, accelerating from a marginally revised 0.84 percent growth in the prior month, as industrial output grew by 2.21 percent after showing no growth in May while services output expanded faster (2.54 percent vs 1.53 percent). Meantime, agriculture, forestry and fishing output continued to shrink (-7.54 percent vs -2.82 percent).

2019-07-16
Finnish GDP Growth Slows to 4-Month Low in May
Finland's gross domestic product increased by 0.79 percent year-on-year in May 2019, the least since January, easing from a downwardly revised 1.8 percent growth in the prior month, as output expanded softer for both industry (0.65 percent vs 2.62 percent in April) and services (1.18 percent vs 1.71 percent). Meantime, agriculture, forestry and fishing output continued to shrink (-3.76 percent vs -7.45 percent).


Finland Trend Indicator of Output YoY
GDP YoY measures the change in the value of the goods and services produced by the country economy compared to the corresponding month in the previous year.

Finland Business Last Previous Highest Lowest Unit
Business Confidence -7.70 -6.90 31.30 -37.30 points [+]
Industrial Production 3.70 1.30 23.70 -23.30 percent [+]
Industrial Production Mom 1.30 -0.60 9.20 -13.00 percent [+]
Manufacturing Production 4.10 1.30 24.20 -26.40 percent [+]
Capacity Utilization 78.60 81.60 88.80 63.90 percent [+]
New Orders 100.50 108.70 170.20 69.20 points [+]
Changes in Inventories 532.00 637.00 2116.00 -2529.00 EUR Million [+]
Bankruptcies 611.00 660.00 2038.00 459.00 Companies [+]
Car Registrations 8213.00 8680.00 25285.00 494.00 [+]
Leading Economic Index 2.30 1.90 9.10 -10.60 percent [+]
Internet Speed 20451.91 20587.41 20587.41 2732.51 KBps [+]
IP Addresses 2332434.00 2264535.00 3082796.00 1690714.00 IP [+]
Steel Production 303.60 315.80 455.00 91.00 Thousand Tonnes [+]
Mining Production -4.20 11.40 146.10 -63.90 percent [+]
Competitiveness Index 80.25 80.26 80.26 5.36 Points [+]
Competitiveness Rank 11.00 11.00 12.00 3.00 [+]
Ease of Doing Business 20.00 17.00 20.00 10.00 [+]
Electricity Production 5735.00 4518.00 8710.00 4306.00 Gigawatt-hour [+]
Corruption Index 86.00 85.00 100.00 85.00 Points [+]
Corruption Rank 3.00 3.00 6.00 1.00 [+]
Factory Orders -11.20 -12.80 79.40 -42.20 percent [+]