Growth in total output continued in February

Total output grew by 1.4 per cent in the year to February. In January output was up by 1.7 per cent compared to the year before. After adjustment for seasonal variation, output in February was up by 0.3 per cent from January. In February output contracted in agriculture and forestry, manufacturing, and construction. This appears from Statistics Finland's monthly indicator of total output.

Year-on-year change in total output, %

Output in manufacturing decreased by 0.6 per cent in the year to February as calculated per working day. In agriculture and forestry output fell by 0.1 per cent, which is explained mainly by the decrease in fellings. Output in the construction industry also fell, by 2.5 per cent, whereas in the wholesale and retail trade output grew by a good 4 per cent according to preliminary data. In transport and communications output increased by close on 4.5 per cent. There was a rise of 2 per cent in output in other services and government services as well.

The monthly indicator of total output is based on eleven monthly series on different sectors of the economy, which are weighted and summed up.

Source: Monthly Indicator of Total Output, February 1996
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