Home > Statistics > Trend Indicator of Output > 2019 > February > Output of the national economy grew in February from the year before, decrease from the previous month

Published: 16 April 2019

Output of the national economy grew in February from the year before, decrease from the previous month

Adjusted for working days, industrial output went up by 1.7 per cent in February 2019 from one year back. Seasonally adjusted output in turn fell by 0.3 per cent from the month before. According to revised data, working-day adjusted output grew in January by 2.1 per cent (previously 1.5 per cent) from January 2018.

Volume of total output 2005 to 2019, 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 remained more or less on level with twelve months back, secondary production grew by around three and a half per cent and services by about one per cent from February 2018.

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 2019 February, Statistics Finland

Inquiries: Antti Kosunen 029 551 3613, Mikko-Waltteri Sihvola 029 551 3062, kansantalous.suhdanteet@stat.fi

Director in charge: Ville Vertanen

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Updated 16.04.2019