1. Development of the World and the Finnish Economy
12/30/2018
Technology Industries of Finland

2. Change in Investments, %
Economic Forecasts for Finland
Forecaster
Date
Change in GDP, %
Change in private
Consumption, %
Change in Exports, %
Change in Investments, %
Inflation, % *
Unemployment rate, %
2017
2018
2019
Danske Bank
3,1
2,3
1,9
2,0
1,5
4,0
4,5
3,5
1,2
1,4
8,0
7,7
Nordea
3,2
3,0
2,5
2,9
2,8
4,8
4,7
6,3
3,6
1,0
7,5
OP-Pohjola
3,3
4,3
6,0
1,7
7,8
7,4
Ministry of Finance
2,6
2,2
1,8
6,1
3,8
8,1
Bank of Finland
1,6
1,3
8,2
7,9
ETLA
2,4
3,7
4,4
PTT PT
2,7
5,3
4,6
3,9
1,1
European commission
5,4
8,4
8,3
OECD
5,5
5,0
IMF
Average
5,2
4,2
12/30/2018
Technology Industries of Finland
*) European commission, OECD ja IMF report Harmonized Index of Consumer Prices
Updated

3. Economic Outlook for Finland
Change in volume per year, %
2017
2018e
2019e
2020e
GDP
3,0
2,8
2,4
1,9
Ind. production
5,3
4,5
4,2
Export
8,3
4,0
3,7
2,5
Import
2,0
Private investments
8,8
2,9
4,6
3,4
Private consumption
1,6
1,7
Public consumption
1,0
0,5
0,3
2017
2018e
2019e
2020e
Inflation
0,8
1,2
1,5
1,9
Earnings
0,2
2,0
2,8
Unemployment rate
8,6
8,1
7,7
7,4
3 month euribor
-0,3
0,7
Current account*
0,9
1,1
EMU surplus/deficit*
-0,9
-0,6
-0,1
0,4
EMU gross dept*
62,4
60,8
59,4
57,6
*) % of GDP
12/30/2018
Technology Industries of Finland
Source: ETLA
Updated

4. Sales and Construction of new one-family houses in the USA
12/30/2018
Technology Industries of Finland
Seasonally adjusted information
Source: Macrobond

5. Consumer Confidence in Eurozone
12/30/2018
Technology Industries of Finland
Seasonally adjusted information
Source: Macrobond, European Commission

6. Consumer Confidence in USA
12/30/2018
Technology Industries of Finland
Seasonally adjusted information
Source: Macrobond, Conference Board

7. Consumer Confidence in Finland
12/30/2018
Technology Industries of Finland
Seasonally adjusted information
Source: Macrobond, Statistics Finland

8. Manufacturing Purchasing Managers’ Index in USA
12/30/2018
Technology Industries of Finland
Source: Macrobond, ISM
Reading over 50 = situation is better than in previous month
Reading under 50= situation is worse than in previous month