Output of the national economy decreased in November 2013

Seasonally adjusted output decreased by 0.4 per cent in November from the month before. Adjusted for working days, output fell by 1.1 per cent from the level of the previous year. According to revised data, working-day adjusted output decreased in October by 1.1 per cent (previously -0.6 per cent) from October 2012.

Volume of total output 2005 to 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.

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

Secondary production contracted by two per cent and services by close on one per cent from November 2012. Primary production remained on level with 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 fishing.

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

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

Director in charge: Leena Storgårds

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Revisions in these statistics

Revisions in these statistics (5.2.2014)

Updated 5.2.2014

Referencing instructions:

Official Statistics of Finland (OSF): Trend Indicator of Output [e-publication].
ISSN=1798-5439. November 2013. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/ktkk/2013/11/ktkk_2013_11_2014-02-05_tie_001_en.html