31March, 1998

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

Growth in output continued in January

Total output increased by 4.1 per cent in the year to January. The Monthly Indicator of Total Output of Statistics Finland shows that output went up in all main branches of industry, with the exception of agriculture and forestry. Growth in output was especially accelerated by an almost 10 per cent rise in output in the manufacturing industry.

Output in all manufacturing as calculated per working day grew by 8 per cent in the year to January. Growth in construction also continued; its output increased by 4.5 per cent. Output in transportation was up by over one half per cent and in trade by 1.2 per cent on the previous year. Other services and government services increased by 1.7 per cent. Output in agriculture and forestry was down by 1.4 per cent on the previous year.

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: The Monthly Indicator of Total Output, January 1998. Statistics Finland