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Published: 15 June 2007

Total output fell in April

According to the seasonally adjusted series of the Monthly Indicator of Total Output calculated by Statistics Finland, the volume of total output fell by 0.3 per cent in April from the month before.

Volume of total output 2000 - 2007, 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 3.1 per cent higher than in April 2006

The volume of total output grew by 3.1 per cent in April 2007 from April of the previous year. April 2007 had one working day more than the comparison month of the previous year. Adjusted for working days, total output grew by 1.9 per cent year-on-year.

 

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

According to the original series, industrial output went up by 0.6 per cent from April 2006. Volumes of output remained on level with the previous year in the metal industry as a whole, but fell by five per cent in its sub-industry of manufacture of electrical and electronic products. In other manufacturing, including the chemical industry, output volumes went up by 2 per cent. Output in the wood and paper industry remained on level with April 2006.

Sales volumes of trade went up by 5 per cent. Motor vehicle sales increased by 14 per cent, wholesale trade by 4 per cent and retail trade by 3 per cent.

Construction output increased by 9 per cent. Output went up by 4 per cent in other services and by 3 per cent in transport from April 2006. In primary production output remained on level with the previous year's comparison month.

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 were revised in spring 2006. 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 2007, April. 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 15.6.2007