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Published: 15 October 2021

Output of the national economy grew in August

Adjusted for working days, output went up by 4.6 per cent in August 2021 from one year back. In August, seasonally adjusted output grew by 0.3 per cent from the month before. According to revised data, working day adjusted output grew in July 2021 by 5.3 per cent (previously 5.5 per cent) from the previous year's July.

Volume of total output 2005 to 2021, trend and seasonally adjusted series

Volume of total output 2005 to 2021, 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, %

Working day adjusted primary production grew by around 14 per cent. Secondary production grew by some three per cent and services by around five per cent from August 2020.

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 2021 August, Statistics Finland

Inquiries: Janne Eskelinen 029 551 2316, Eveliina Heinänen 029 551 3436, kansantalous.suhdanteet@stat.fi

Head of Department in charge: Katri Kaaja

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Revisions in these statistics

Updated 15.10.2021

Referencing instructions:

Official Statistics of Finland (OSF): Trend Indicator of Output [e-publication].
ISSN=1798-5439. August 2021. Helsinki: Statistics Finland [referred: 16.11.2024].
Access method: http://www.stat.fi/til/ktkk/2021/08/ktkk_2021_08_2021-10-15_tie_001_en.html