HELSINKI: The volume of Finland’s gross domestic product increased in January to March by 0.6 per cent from the previous quarter, according to Statistics Finland’s preliminary data. Compared with the first quarter of 2015, GDP adjusted for working days grew by 1.6 per cent. Revisions put the change in the volume of GDP in the last quarter of 2015 at 0.5 per cent from the previous quarter (was 0.1%) and at 1.2 per cent from twelve months back (was 0.6%).
In the first quarter, the volume of exports declined by 1.1 per cent from the previous quarter and by 2.6 per cent year-on-year. Imports decreased by 1.8 per cent from the previous quarter and by 2.2 per cent year-on-year, the data show. In the first quarter, the volume of private consumption grew by 0.6 per cent from the previous quarter and by 1.7 per cent from twelve months back. Gross fixed capital formation, or investments, grew by 0.4 per cent from the previous quarter and by 0.2 per cent year-on-year.
