Finland Times

The volume of Finland’s gross domestic product remained on level in the July to September period of 2013 with the previous quarter, according to preliminary data of Statistics Finland.

Compared with the third quarter of 2012, GDP adjusted for working days contracted by 1.0 per cent.

Revisions put the change in the volume of GDP in the second quarter of 2013 at 0.1 per cent from the previous quarter (was 0.2%) and at -1.3 per cent from twelve months back (was -1.2%), according to the data.

In the third quarter, the volume of exports grew by 1.5 per cent from the previous quarter and by 0.4 per cent year-on-year.

Imports increased by 5.1 per cent from the previous quarter and by 2.0 per cent year-on-year, the data says.

In the third quarter, the volume of private consumption went up by 0.1 per cent from the previous quarter but contracted by 0.7 per cent from twelve months back.

Gross fixed capital formation diminished by 2.7 per cent from the previous quarter and by 5.7 per cent year-on-year.

Volume refers to data from which the effects of price changes have been eliminated. Volumes at reference year 2000 prices are expressed

relative to the 2000 level at current prices (in EUR).

Change percentages from the quarter of the previous year have been calculated from time series adjusted for working days, and change percentages from the previous quarter from seasonally adjusted time series, according to the institute.