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Getting it wrong, Finnish-style
September 1, 2017 / 9:59 AM / 23 days ago

Getting it wrong, Finnish-style

Souvenirs are seen as people shop at a market in Helsinki, Finland, May 3, 2017. REUTERS/Ints Kalnins

HELSKINI (Reuters) - Sometimes getting an estimate wrong is a positive thing.

Unexpected strength in construction and services turned initial Finnish growth estimates for the second quarter on their head on Friday.

The statistics office said growth was 0.4 percent, overturning the 0.5 percent decline it announced in last month’s flash estimate. Annual GDP growth was revised up to 3 percent from a prior estimate of 1.6 percent.

 

Graphic by Jeremy Gaunt; Editing by Hugh Lawson

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