01.09.201703:26:00UTC+00Finland GDP Growth Moderates In Q2

Finland's economy expanded at a slower pace in the three months ended June, preliminary figures from Statistics Finland showed Friday.

Gross domestic product advanced a seasonally adjusted 0.4 percent sequentially in the second quarter, slower than the 1.2 percent rise in the previous quarter.

In the fourth quarter of 2016, the rate of growth was 0.6 percent.

On the expenditure side, the volume of private consumption grew by 1.1 percent from the previous quarter and government consumption expenditure rose by 1.5 percent. Gross fixed capital formation, or investments, climbed 2.6 percent.

The volume of exports edged down 0.1 percent, while imports increased by 2.7 percent.

On an annual basis, the economy grew at a steady pace of 3.0 percent in the June quarter. The growth for the first quarter was revised up from 2.7 percent.