Published: 15 January 2016
Output of the national economy decreased in November
Seasonally adjusted output fell by 0.4 per cent in November from the month before. Adjusted for working days, output was 0.5 per cent lower than one year before. According to revised data, working-day adjusted output decreased in October by 0.1 per cent (previously -1.8 per cent) from October 2014.
Volume of total output 2005 to 2015, 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, %
Working day adjusted primary production increased by good one per cent from the year before. Secondary production contracted by one per cent and services by close on one per cent from November 2014.
Primary production refers to agriculture, hunting, forestry and fishing. 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.
Source: Trend Indicator of Output 2015 November, Statistics Finland
Inquiries: Ida Peltonen 029 551 3334, Veli-Pekka Karvinen 029 551 2667, kansantalous.suhdanteet@stat.fi
Director in charge: Ville Vertanen
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- Revisions in these statistics (15.1.2016)
Updated 15.01.2016
Official Statistics of Finland (OSF):
Trend Indicator of Output [e-publication].
ISSN=1798-5439. November 2015. Helsinki: Statistics Finland [referred: 15.11.2024].
Access method: http://www.stat.fi/til/ktkk/2015/11/ktkk_2015_11_2016-01-15_tie_001_en.html