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Finnish 2016 GDP growth revised up to 1.9 pct
July 13, 2017 / 6:29 AM / a month ago

Finnish 2016 GDP growth revised up to 1.9 pct

    HELSINKI, July 13 (Reuters) - Finland's 2016 full-year gross
domestic product (GDP) growth has been revised upwards to 1.9
percent, from a March reading of 1.4 percent, preliminary data
from the Statistics Finland (SF) showed on Friday.
    The euro zone's northernmost member is returning to growth
after a decade of stagnation sparked among other things by the
decline of Nokia's            former phone business, rigid
labour markets and a recession in neighbouring Russia.
    According to the revised numbers, the economy was boosted
mainly by private consumption, which grew by 1.9 percent.
    Exports increased by 1.3 per cent in 2016.

 (Reporting by Tuomas Forsell; Editing by Toby Chopra)

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