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Output of the national economy contracted in September 2023 year-on-year

release | Trend indicator of output 2023, September

According to Statistics Finland, output adjusted for working days contracted in September 2023 by 0.3 per cent from one year ago. Seasonally adjusted output grew by 0.2 per cent in September from the month before. According to revised data, working day adjusted output fell in August 2023 by 0.2 per cent (previously 0.3 %) from August last year. Working day adjusted primary production grew by around 4.9 per cent. Secondary production decreased by about 4.2 per cent and services grew by around 1.2 per cent from September 2022.

Line chart on the development of the volume of total output by month in 2005 to 2023. The line chart shows the trend and seasonally adjusted series on the development of the volume of total output. The volume of total output has developed varyingly over this period. The volume of total output has grown in the period, but there are also times within the period when the volume of total output has contracted. The volume of total output contracted in 2009 and 2020 and in 2012 to 2014.

Key selections

  • Output adjusted for working days fell by 0.3 per cent in September 2023 from one year ago.
  • Seasonally adjusted GDP is estimated to have decreased by around 0.9 per cent in the third quarter of 2023 from the previous quarter.
  • The number of employed persons is estimated to have fallen by 0.8 per cent from the corresponding quarter last year.
  • The number of hours worked is estimated to have decreased by 0.4 per cent from the quarter before.

Figures

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14.11.2023

Annual change in volume of the working day adjusted series, %

Data revisions

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14.11.2023

Revisions in these statistics

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132f
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  • Industry
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