30 January, 1998

Inquiries: Mr Erkki Lääkäri + 358 9 1734 3355
Statistical Director in charge: Mr Markku Suur-Kujala

Further growth in output in November

Total output increased by 5.9 per cent in the year to November 1997. The Monthly Indicator of Total Output of Statistics Finland shows that output went up in all main sections of industry. Apart from being sustained by a strong increase in manufacturing output, growth also continued to be supported by increases in output in agriculture and forestry, construction, and transportation.

Output in manufacturing as calculated per working day grew by 9.7 per cent in the year to November 1997. Construction also continued brisk, with output up by 9 per cent. Output in agriculture and forestry increased by 5.5 per cent. Output in trade was up by 2.8 per cent, and in transportation by 5.4 per cent on the previous year. Other services and government services increased by 1.5 per cent.

The Monthly Indicator of Total Output is based on eleven monthly series on different sectors of the economy. The series are summed up by weighting.

Source: Monthly Indicator of Total Output, November 1997. Statistics Finland