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Published: 8 July 2010

Output of the national economy grew in April

Seasonally adjusted output grew by 1.2 per cent in April from the month before. According to the series adjusted for working days output went up by 2.9 per cent from the corresponding month of the year before. According to revised data, working day adjusted output fell this March by 1.4 per cent (previously -0.3%) from March 2009. The revision was caused by the benchmarking of the data to quarterly accounts.

Volume of total output 2003 – 2010, 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. Revisions especially at turning points of economic trends may be significant, which should be taken into consideration when using seasonally adjusted and trend data.

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 12 per cent from April 2009. Secondary production went up by eight per cent. Services stayed on level with April of the previous year. 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 2010, April, Statistics Finland

Inquiries: Veli-Pekka Karvinen (09) 1734 2667, Samu Hakala (09) 1734 3756, kansantalous.suhdanteet@stat.fi

Director in charge: Ari Tyrkkö

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Appendix tables

• Appendix table 1. Revisions to the data of the Trend Indicator of Output (8.7.2010)

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Updated 8.7.2010