FOREX TradingCharts.com

Financial News: Finland Economy Shrinks 0.4% On Manufacturing Downturn

Finland Economy Shrinks 0.4% On Manufacturing Downturn

01/13/2023 - 02:19:00 (RTTNews)

(RTTNews) - Finland's gross domestic product declined for the first time in twenty months in November, largely attributed to the contraction in the industrial sector and, to a lesser extent to the slowdown in the services, data from Statistics Finland showed on Friday.

Output of the national economy fell a working-day-adjusted 0.4 percent year-over-year in November, reversing the revised 0.3 percent rise in October.

Further, the economic output decreased for the first time since March 2021.

On a seasonally adjusted basis, output dropped 0.4 percent following a 0.5 percent fall a month ago.

Among sectors, output produced in the primary sector grew by about 5.5 percent. This was offset by a 1.6 percent decline in the secondary sector along with a 0.2 percent contraction in the tertiary sector.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2023 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Australia Trade Surplus A$12.237 Billion In December (27 min(s), 54 sec(s) ago)
(RTTNews) - Australia posted a seasonally adjusted merchandise trade surplus of A$12.237 billion i ...Full Story»

Japan Household Spending Sinks 1.3% On Year In December (01 hr(s), 30 min(s), 54 sec(s) ago)
(RTTNews) - The average of household spending in Japan was down 1.3 percent on year in December, t ...Full Story»

Australia Interest Rate Decision Due On Tuesday (02 hr(s), 37 min(s), 54 sec(s) ago)
(RTTNews) - The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and ...Full Story»

UK Car Registrations Rise 14.7% In January: SMMT (11 hr(s), 08 min(s), 54 sec(s) ago)
(RTTNews) - UK car registrations increased for the sixth straight month in January on the back of ...Full Story»

UK Construction Activity Registers Another Downturn (12 hr(s), 13 min(s), 54 sec(s) ago)
(RTTNews) - The UK construction sector posted another contraction in January as rising interest ra ...Full Story»

Rise In Eurozone Sentix Investor Confidence Eases Recession Fears (12 hr(s), 45 min(s), 54 sec(s) ago)
(RTTNews) - Eurozone investor confidence strengthened to hit an 11-month high in February, replaci ...Full Story»

Slovenia Inflation Falls Slightly To 10% (12 hr(s), 51 min(s), 54 sec(s) ago)
(RTTNews) - Slovenia's consumer price inflation eased marginally at the end of the year, thoug ...Full Story»

Hungarian Retail Sales Fall For First Time In Nearly 2 Years (12 hr(s), 55 min(s), 54 sec(s) ago)
(RTTNews) - Hungary's retail sales volume declined for the first time in 21 months in December ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Australia Trade Surplus A$12.237 Billion In December

02/06/2023 - 19:40 PM (RTTNews)
(RTTNews) - Australia posted a seasonally adjusted merchandise trade surplus of A$12.237 billion i ...Full Story>>

Japan Household Spending Sinks 1.3% On Year In December

02/06/2023 - 18:37 PM (RTTNews)
(RTTNews) - The average of household spending in Japan was down 1.3 percent on year in December, t ...Full Story>>

Australia Interest Rate Decision Due On Tuesday

02/06/2023 - 17:30 PM (RTTNews)
(RTTNews) - The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and ...Full Story>>

UK Car Registrations Rise 14.7% In January: SMMT

02/06/2023 - 08:59 AM (RTTNews)
(RTTNews) - UK car registrations increased for the sixth straight month in January on the back of ...Full Story>>

UK Construction Activity Registers Another Downturn

02/06/2023 - 07:54 AM (RTTNews)
(RTTNews) - The UK construction sector posted another contraction in January as rising interest ra ...Full Story>>

Do not sell my personal information

Copyright © 2023. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.