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Published: 20 January 2006

Total output fell in November

According to the seasonally adjusted series of the Monthly Indicator of Total Output calculated by Statistics Finland, the volume of total output fell by 0.9 per cent in November from the month before.

Volume of total output 2000 - 2005, trend and seasonally adjusted series

The series of the Monthly Indicator of Total 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.

Total output was 1.2 per cent higher than in November 2004

The volume of total output went up by 1.2 per cent in November 2005 from November of the previous year. Among the six main industries of the Monthly Indicator, output only declined in manufacturing. November 2005 had the same number of working days as the corresponding month of the year before.

 

Percentage changes of total output from the previous year's corresponding month


According to the original series, industrial output fell by 3.2 per cent from November 2004. The output volumes of the whole metal industry went down by just short of 5 per cent and production in its sub-industry of manufacture of electrical and electronic equipment declined by 12 per cent. In the wood and paper industry output went up by 2 per cent but declined by 17 per cent in energy supply. In other manufacturing, output volumes went up by one per cent from their previous year's levels.

Sales volumes of trade increased by 4 per cent. Motor vehicle sales grew by good 5 per cent, wholesale trade by 4 per cent and retail trade by 5 per cent.

Primary production went up by 5 per cent form its November 2004 level. Transport increased by one per cent. Output grew by just under 3 per cent in other service industries and by 4 per cent in construction from November 2004.

The Monthly Indicator of Total Output is based on twelve monthly series on different industries of the economy. The series are summed up by weighting. The purpose of the Monthly Indicator is to anticipate the development of the quarterly gross domestic product calculated later with more detailed data.

Source: Monthly Indicator of Total Output 2005, November. Statistics Finland

Inquiries: Mr Veli-Pekka Karvinen +358 9 1734 2667, kansantalous.suhdanteet@stat.fi

Director in charge: Mr Ari Tyrkkö

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Last updated 20.1.2006

Referencing instructions:

Official Statistics of Finland (OSF): Trend Indicator of Output [e-publication].
ISSN=1798-5439. November 2005. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/ktkk/2005/11/ktkk_2005_11_2006-01-20_tie_001_en.html