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Finnish domestic consumption increases while exports shrink


 




Monday, 05 September 2011
The Finnish economic growth remains strong, but exports are losing momentum, according to latest figures out today from statistic Finland.

During the second quarter for this year, Finland's GDP rose by 2.9 percent, compared to the same quarter last year, and by 0.6 percent compared to the first quarter of this year. Among other things, it's because private consumption is growing. By contrast, the Finnish exports for the second consecutive quarter fell.


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Today's figures, strongly places Finland among the group of Nordic countries with rising GDP. Over the past two weeks, both Norway and Denmark announced positive numbers in their GDP.
For Sweden, GDP rose by 5.3 percent in the second quarter compared to the same periods of 2010.
On Thursday Iceland will feature as the last Nordic country to show its GDP for the second quarter.
By Scancomark.se Team


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