31 December, 1999
Inquiries: Mr Erkki Lääkäri +358 9 1734 3355
Director in charge: Mr Markku Suur-Kujala
Output growth slowed down in October
The volume of total output was 1.9 per cent greater in October 1999 than in October 1998. The rate of output growth slowed down from September when output increased by 4 per cent from a year earlier. The Monthly Indicator of Total Output of Statistics Finland indicates that, except for agriculture and forestry, output went up in all main industries of the national economy.
Output in manufacturing as calculated per working day increased by 2.3 per cent from October 1998. In the wood and paper industry, output sustained its growth and went up by good 9 per cent. In the chemical industry, too, output increased by over 9 per cent.
Output in construction grew by 5.2 per cent from October 1998. In trade, output increased by 2.1 per cent and in transport by 1.3 per cent. Other services and government services increased by 1.6 per cent. In agriculture and forestry, output contracted by 2 per cent from the previous year.
The Monthly Indicator of Total Output is based on twelve monthly series on different sectors of the economy. The series are summed up by weighting.
Source: Monthly Indicator of Total Output 1999, October. Statistics Finland