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Published: 12 May 2006

Total output grew in March

According to the seasonally adjusted series of the Monthly Indicator of Total Output calculated by Statistics Finland, the volume of total output grew by 0.7 per cent in March 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 5.2 per cent higher than in March 2005

The volume of total output grew by 5.2 per cent in March 2006 from March of the previous year. Output went up in all six main industries of the Monthly Indicator. March 2006 had two working days more than the corresponding month of the year before. Adjusted for working days, total output went up by 2.9 per cent year-on-year.

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

According to the original series, industrial output grew by 8 per cent from March 2005. Output volumes in the whole metal industry grew by 15 per cent and production in its sub-industry of manufacture of electrical and electronic equipment went up by 9 per cent. Output remained on level with the previous year in the wood and paper industry, but grew by 2 per cent in energy supply. In other manufacturing, output volumes went up by 6 per cent from March 2005.

Sales volumes of trade increased by 9 per cent. Motor vehicle sales increased by 12 per cent, wholesale trade by 9 per cent, and retail trade by 8 per cent.

Output in primary production went up by 2 per cent form its March 2005 level. Output increased by 2 per cent in other service industries and by 6 per cent in construction from twelve months back. Transport grew by 5 per cent.

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.

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

Inquiries: Mr Veli-Pekka Karvinen +358 9 1734 2667, kansantalous.suhdanteet@stat.fi

Director in charge: Mr Ari Tyrkkö

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Last updated 12.5.2006