Home > Statistics > Trend Indicator of Output > 2009 > July > Correction 8 October 2009. Output of the national economy fell in July

Published: 7 October 2009

Correction 8 October 2009. Output of the national economy fell in July

Correction. Figures of the release were corrected on 8 October 2009. Corrected figures are marked in red font and they will also have an effect on the graphics. Previous figures were 1.5, 11.6 and 29 per cent.

Seasonally adjusted output fell by 0.3 per cent from the month before. According to both the original series and the series adjusted for working days output decreased by 9.2 per cent from July 2008. The data derive from Statistics Finland's Trend Indicator of Output. The data are preliminary and will become revised later.

According to revised data, output adjusted for working days fell in June by 8.9 per cent (previously -11.1%) and the original series fell by 7.6 per cent (previously -9.7%) from June 2008.

Volume of total output 2003 - 2009, trend and seasonally adjusted series

The series of the Trend Indicator of 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.

Working day adjusted change of total output from previous year's corresponding month, %

According to the working day adjusted series, primary production is estimated to have grown by just short of one per cent from July 2008. Secondary production contracted by good 21 per cent and services by good four per cent. Secondary production includes manufacturing and construction. Services comprise trade, hotel and restaurant activities, transport and business activities as well as real estate, renting and research services, financial intermediation and insurance, and public services. Primary production refers to agriculture, forestry and fishery.

Source: Trend Indicator of Output 2009, July. Statistics Finland

Inquiries: Mr Veli-Pekka Karvinen +358 9 1734 2667, Mr Samu Hakala +358 9 1734 3756 kansantalous.suhdanteet@stat.fi

Director in charge: Ari Tyrkkö

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Last updated 8.10.2009