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Published: 15 December 2016

Output of the national economy rose in October

Seasonally adjusted output increased by 0.1 per cent in October from the month before. Adjusted for working days, output was 2.1 per cent higher than one year before. According to revised data, working-day adjusted output increased in September by 1.9 per cent (previously 1.5 per cent) from September 2015. The revision is caused by the benchmarking of the data to quarterly accounts.

Volume of total output 2005 to 2016, trend and seasonally adjusted series

Volume of total output 2005 to 2016, 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 change of total output from previous year’s corresponding month, %

Adjusted for working days, primary production increased by three per cent and secondary production by four per cent year-on-year. Services grew by one per cent from October 2015.

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 2016 October, Statistics Finland

Inquiries: Ida Peltonen 029 551 3334, Samu Hakala 029 551 3756, kansantalous.suhdanteet@stat.fi

Director in charge: Ville Vertanen

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Revisions in these statistics

Updated 15.12.2016

Referencing instructions:

Official Statistics of Finland (OSF): Trend Indicator of Output [e-publication].
ISSN=1798-5439. October 2016. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/ktkk/2016/10/ktkk_2016_10_2016-12-15_tie_001_en.html