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Published: 21 March 2006

Total output fell in January

According to the seasonally adjusted series of the Monthly Indicator of Total Output calculated by Statistics Finland, the volume of total output fell by 1.4 per cent in January from the month before.

Volume of total output 2000 - 2006, trend and seasonally adjusted series

The series of the Monthly Indicator of Total Output are seasonally adjusted with the Tramo/Seats method. The latest observations of the series adjusted for seasonal and random variation (seasonally adjusted and trend series) become revised with new observations in seasonal adjustment methods.

Total output was 3.3 per cent higher than in January 2005

The volume of total output grew by 3.3 per cent in January 2006 from January of the previous year. Among the six main industries of the Monthly Indicator, output only declined in primary production. January 2006 had one working day more than the corresponding month of the year before. Adjusted for working days, the volume of total output grew by 2.2 per cent.

Percentage changes of total output from the previous year's corresponding month

According to the original series, industrial went up by 3.2 per cent from January 2005. Output volumes in the whole metal industry grew by good 6 per cent and production in its sub-industry of manufacture of electrical and electronic equipment went up by just short of 8 per cent. In the wood and paper industry output fell by 2 per cent but grew by 8 per cent in energy supply. In other manufacturing, output volumes fell by one per cent from their previous year's levels.

Sales volumes of trade increased by 9 per cent. Motor vehicle sales grew by 9 per cent, wholesale trade by 10 per cent and retail trade by 6 per cent.

Output in primary production declined by 10 per cent form its January 2005 level. Transport increased by 5 per cent. Output grew by 2 per cent in other service industries and by 5 per cent in construction from January 2005.

The Monthly Indicator of Total Output is based on twelve monthly series on different industries of the economy. The series are summed up by weighting. The purpose of the Monthly Indicator is to anticipate the development of the quarterly gross domestic product calculated later with more detailed data.

Source: Monthly Indicator of Total Output 2006, January. Statistics Finland

Inquiries: Mr Erkki Lääkäri +358 9 1734 3355, kansantalous.suhdanteet@stat.fi

Director in charge: Mr Ari Tyrkkö

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Last updated 21.3.2006