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Home BUSINESSGDP falls by 0.5% cent in Q3
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Sat, 05 Dec, 2015 12:05:08 AM
FTimes Report, Dec 5
 
Gross domestic product by quarter at reference year 2010 prices (EUR billion). Source: National Accounts 2015, 3rd quarter. Statistics Finland.
The volume of Finland’s gross domestic product decreased in July to September 2015 by 0.5 per cent from the previous quarter, according to Statistics Finland's preliminary data.
 
Compared with the third quarter of 2014, GDP adjusted for working days contracted by 0.2 per cent.
 
Revisions put the change in the volume of GDP in the second quarter of 2015 at 0.4 per cent from the previous quarter and at 0.7 per cent from twelve months back.
 
In the third quarter, the volume of exports declined by 0.7 per cent from the previous quarter and by 3.4 per cent year-on-year.
 
Imports increased by 1.8 per cent from the previous quarter but decreased by 3.4 per cent year-on-year, the data show.
 
In the third quarter, the volume of private consumption grew by 0.8 per cent from the previous quarter and by 1.4 per cent from twelve months back.
 
Gross fixed capital formation, or investments, fell by 3.9 per cent year-on-year.
 
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