All analysis from category Macro comment
Macro comment
GDP in Q2 2023: Minimum growth
Minimal growth or stagflation are probably the most apt terms to describe this year's economic situation. GDP increased by 0.1 per cent in Q2 compared to the previous three months when it stagnated for a change. Year-on-year, the economy's performance fell by 0.6 per cent.
Macro comment
Consumer prices in June: Single-digit inflation returns
After last year's inflation storm, this year's expected calming of price developments is coming. Annual inflation has returned to single digits.
Macro comment
Unemployment in June: seasonal decline in unemployment
The share of the unemployed in the 15-64 population fell by 0.1 percentage point to 3.4% in June. It is 0.3 percentage point higher year-on-year. There were 250 000 jobseekers registered at the labour offices. Seasonally adjusted, we estimate that the jobless rate stagnated at 3.6%, or the decline in unemployment is due purely to seasonal factors, not to developments in the economy.
Macro comment
Retail sales in May: the imaginary bottom of the sales decline
Retail sales fell in May for the thirteenth month in a row on a year-on-year basis. The rate of decline is slowing down due to, among other things, a low comparison base.
Macro comment
Industry in May: growth driven by car production, foreign trade in May: again in surplus
Industrial production rose by 1.6% month-on-month and was 1.4% higher year-on-year on a calendar-adjusted basis. The result was somewhat tempered by new orders, which fell by 4.4% yoy.
