Finnish govt raises 2007 GDP growth forecast to 4.4 pct

Sep 13, 2007 - The Finnish government today raised its forecast for GDP growth for 2007 to 4.4 pct from the 4.3 pct forecast in June, and compared to 3.1 pct forecast in March.

Finnish Q2 GDP Expands 4.4% On Year; Consensus 4.5%

Sep 7, 2007 - The Finnish gross domestic product expanded a seasonally adjusted 0.9% sequentially in the second quarter, the Statistics Finland said Friday. In the first quarter, the economy grew 0.8%.

Annually, the economy grew 4.4% in August compared to a 5.5% expansion seen in the first quarter. Economists expected that the economy would expand 4.5% annually in the second quarter.

Finnish Industrial Output Declines In July

Aug 31, 2007 - Finnish industrial production slipped a seasonally adjusted 0.5% on an annual basis, in July, the Statistics Finland said, Friday. Industrial output edged up 0.2% in the previous month. On a monthly basis, industrial production advanced 0.6% in July, a tad higher than the 0.5% growth in June.

In July, manufacturing output expanded 1.4%. Output in the chemical industry grew 3.3% annually, while output in the other manufacturing segment advanced 4.6% and electronic and electrical products output witnessed 3.1% growth. In contrast, energy output slipped 10.3%, pulled by an 80% slump in peat production due to the rainy weather in July, the Statistics Finland said.

The preliminary data are based on a sample comprised of roughly 1,000 of the largest establishments within their respective industries. Revised data for July will be published at 9 am on 28 September 2007 in connection with the release of industrial output data for August.

Handelsbanken ups Finnish 2007 GDP growth forecast to 3.7 pct from 3.2 pct

Aug 30, 2007 - Finland's economy is on course to expand 3.7 pct this year, Handelsbanken said, revising upwards its previous estimate of 3.2 pct.

The bank is forecasting GDP growth to slow next year to 3.1 pct, before picking up slightly in 2009.