Home > Statistics > Trend Indicator of Output > 2014 > February > Output of the national economy grew in February 2014

Published: 15 April 2014

Output of the national economy grew in February 2014

Seasonally adjusted output grew by 0.2 per cent in February from the month before. Adjusted for working days, output increased by 0.4 per cent from the level of the previous year. According to revised data, working-day adjusted output fell in January by 0.4 per cent (previously +0.2 per cent) from January 2013.

Volume of total output 2005 to 2014, 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, %

Services went up by goof one per cent form February 2013. Secondary production decreased by three per cent and primary production by one 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 fishing.

Source: Trend Indicator of Output 2014 February, 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 15.4.2014