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Finland GDP Growth Rate YoY
The Finnish largest sector of its economy is services accounted for 65%, followed by manufacturing and refining at 31%, and Primary production is at 3%. Finland's primary industrial goods include paper and board, electronics, and metal products. The engineering and high technology industries are the most important branches of manufacturing. On the spending side, household consumption is the most important component of GDP and accounts for 55% of total usage, followed by government expenditure (25%) and gross fixed capital formation (20%). Exports of products and services account for 38% of GDP, while imports account for 39%, resulting in a net loss of 1% percent of total GDP.
A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.
Forex Sentiment (EUR)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURUSD |
|
|
1.1413 -392 pips |
1.1553 +252 pips |
1.18055 | |
| EURAUD |
|
|
1.7267 -674 pips |
1.7938 +3 pips |
1.79406 | |
| EURJPY |
|
|
164.1091 -518 pips |
167.8784 +141 pips |
169.285 | |
| EURCAD |
|
|
1.5738 -368 pips |
1.5925 +181 pips |
1.61064 | |
| EURCHF |
|
|
0.9355 +17 pips |
0.9522 -184 pips |
0.93385 | |
| EURCZK |
|
|
24.6901 +109 pips |
0 +246792 pips |
24.67920 | |
| EURGBP |
|
|
0.8519 -70 pips |
0.8576 +13 pips |
0.85885 | |
| EURHUF |
|
|
397.9073 -122 pips |
405.3240 -619 pips |
399.13 | |
| EURNOK |
|
|
11.4377 -4375 pips |
11.8195 +557 pips |
11.8752 | |
| EURNZD |
|
|
1.8702 -652 pips |
1.9347 +7 pips |
1.93542 |
News (EUR)
German Unemployment Climbs Less Than Expected In June
Joblessness in Germany rose in June but at a slower than expected pace, official figures revealed on Tuesday, as activity in the biggest economy in the euro area remains sluggish.
RTTNews | 2h 32min ago
Eurozone Inflation Hits ECB Target
Euro area inflation rose slightly to hit the European Central Bank's 2 percent target in June on slower fall in energy prices and the rise in services inflation, flash estimate from Eurostat showed on Tuesday. Annual inflation climbed to 2.0 percent in June from 1.9 percent in May. The rate reached the inflation target and also matched economists' expectations.
RTTNews | 9h 28min ago
Eurozone Manufacturing Sector Contraction Slows In June
Eurozone manufacturing activity contracted at a slower pace in June as output showed a sustained expansion and total new work stabilized ending a 37-month period of decline, final survey data from S&P Global showed on Tuesday. The HCOB manufacturing Purchasing Managers' Index posted 49.5 in June, up from 49.4 in May. This was the highest score since August 2022.
RTTNews | 10h 3min ago
