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Home BUSINESSGDP falls slightly in Q4
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Tue, 03 Mar, 2015 12:09:37 AM
FTimes Report, Mar 3
 
Gross domestic product by quarter at reference year 2010 prices (EUR billion). Source: National Accounts 2014, 4th quarter. Statistics Finland.
The volume of Finland’s gross domestic product decreased in October to December by 0.2 per cent from the previous quarter, according to Statistics Finland’s preliminary data.
 
Compared with the fourth quarter of 2013, GDP adjusted for working days also contracted by 0.2 per cent.
 
Revisions put the change in the volume of GDP in the third quarter of 2014 at 0.1 per cent from the previous quarter (was 0.2%) and at 0.0 per cent from 12 months back (was 0.1%).
 
In the fourth quarter, the volume of exports contracted by one per cent from the previous quarter but grew by 0.4 per cent from 12 months back.
 
Imports decreased by 0.8 per cent from the previous quarter and by one per cent year-on-year.
 
In the fourth quarter, the volume of private consumption diminished by 0.5 per cent from the previous quarter and by 0.3 per cent from 12 months back.
 
Gross fixed capital formation diminished by 2.6 per cent from the previous quarter and by 5.7 per cent year-on-year, the data show.
 
 
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