Output of the national economy decreased in May 2024 year-on-year

Release related to topics:National economy

release 16/07/2024 | Trend indicator of output 2024, May

According to Statistics Finland, output adjusted for working days decreased by 1.9 per cent in May 2024 from the year before. Seasonally adjusted output grew by 0.7 per cent in May 2024 from the month before. Working day adjusted primary production went down by 4.4 per cent. Secondary production decreased by 8.8 per cent and services grew by 1.0 per cent from May 2023.

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Key selections

Adjusted for working days, output went down by 1.9 per cent in May 2024 from one year back.
In May 2024, seasonally adjusted output increased by 0.7 per cent from the month before.
Primary production adjusted for working days went down by 4.4 per cent, secondary production decreased by 8.8 per cent and services grew by one per cent from May 2023.

Statistics used in the release

Trend indicator of output

Figures

See key statistical data in the figures.

16/07/2024

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

Data revisions

See key statistical data in the tables.

16/07/2024

Revisions in these statistics

	2023M09	2023M10	2023M11	2023M12	2024M01	2024M02	2024M03	2024M04
Seasonally adjusted month-on-month change, %	1. release	0.2	0	0.2	0.4	0.9	-0.4	-1	-0.1
Previous release	0.8	-0.8	-0.4	-0.2	0.8	0	-1.1	-0.1
Latest release	0.7	-0.8	-0.2	-0.3	0.1	0.8	-0.8	0.1
Revision, %-points (latest minus first)	0.5	-0.8	-0.4	-0.7	-0.8	1.2	0.2	0.2
Working day adjusted year-on-year change, %	1. release	-0.3	-0.8	-0.7	-0.6	-1.2	0.8	-0.8	-2.3
Previous release	-0.6	-0.5	-1	-2.2	-1.8	0	-2.1	-2.3
Latest release	-1.1	-0.9	-1	-2.1	-3.4	-0.2	-1.7	-1.5
Revision, %-points (latest minus first)	-0.8	-0.1	-0.3	-1.5	-2.2	-1	-0.9	0.8

Database tables

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Updated database tables

132f

Trend indicator of output, monthly(External link)

Classifications used:

Industry

Reference period cycle:

month

Updating frequency:

month

Statistics:

Trend indicator of output

Updated:

14/11/2024

Future releases

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Documentation

Description of the production, used methods and quality of the statistics.

Go to documentation of the statistics

Referencing instructions

Official Statistics of Finland (OSF): Trend indicator of output [online publication].

Reference period: 2024, May. ISSN=1798-5439. Helsinki: Statistics Finland [Referenced: 21.11.2024].

Access method:

Statistical experts

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Service email

kansantalous.suhdanteet@stat.fi

Eveliina Heinänen

Senior Statistician

029 551 3436

Other experts

Antti Kosunen

Senior Statistician

029 551 3613

Head of Department in charge

Katri Kaaja

Head of Department in charge

029 551 3488