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Published: 14 November 2006

Total output grew in September

According to the seasonally adjusted series of the Monthly Indicator of Total Output calculated by Statistics Finland, the volume of total output went up by 0.3 per cent in September 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 3.0 per cent higher than in September 2005

The volume of total output grew by 3.0 per cent in September 2006 from September of the previous year. Among the six main industries of the Monthly Indicator of Total Output decline in output was only recorded in primary production. September 2006 had one working day less than the corresponding month of the previous year. The working day adjusted volume of total output grew by 3.9 per cent.

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

According to the original series, industrial output went up by 4.7 per cent from September 2005. In the entire metal industry, the volume of output went up by 4 per cent. Energy supply grew by 29 per cent while output volumes in other manufacturing went up by 2 per cent. In the wood and paper industry, output declined by 4 per cent from September 2005.

Sales volumes of trade increased by 5 per cent. Motor vehicle sales went up by 10 per cent, wholesale trade by 3 per cent and retail trade by 6 per cent.

Transport, output in other service industries and construction also showed 2 per cent growth. In primary production output fell by 8 per cent from the corresponding month of the previous year.

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 methods for fixed price calculations in National Accounts have been revised. Output at current prices and intermediate consumption are now deflated separately and value added at fixed prices is derived as the difference of these figures. At the same time, the fixed base year was replaced with a varying one. The method for calculating the Monthly Indicator of Total Output was kept unchanged, so it describes development of output rather than that of value added in the revised National Accounts.

Source: Monthly Indicator of Total Output 2006, September. 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 14.11.2006