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Published: 9 July 2013

Output of the national economy decreased in April 2013

Correction 9.7.2013: corrected word marked red.

Seasonally adjusted output fell by 2.4 per cent in April from the month before. Adjusted for working days, output fell by 4.2 per cent from the level of the previous year's corresponding month. April 2013 had two working days more than the comparison month of the previous year. According to revised data, working-day adjusted output fell in March by 1.0 per cent (previously -0.4 per cent) from March 2012. The revision is caused by the benchmarking of the data to quarterly accounts.

Volume of total output 2005 – 2013, 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. Information on seasonal adjustment method: http://www.tilastokeskus.fi/til/tramo_seats_en.html

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

Secondary production went down by nine per cent and services by two per cent from one year ago. However, primary production went up by two per cent from April 2012.

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, hunting, forestry and fishing.

Source: Trend Indicator of Output 2013, April, Statistics Finland

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

Director in charge: Leena Storgårds

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Updated 9.7.2013