Output of the national economy decreased in September

Seasonally adjusted output decreased by 2.1 per cent from the month before. Adjusted for working days, output fell by 11.6 per cent from September 2008. The data derive from Statistics Finland's Trend Indicator of Output. The data are preliminary and will become revised later.

According to revised data, output adjusted for working days fell in August by 8.2 per cent (previously -8.4%) and the original series by 8.4 per cent (previously -8.7%) from August 2008. The revision was mainly due to an upward revision of the source data on service industries.

Volume of total output 2003 - 2009, 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.

Working day adjusted change of total output from previous year's corresponding month, %

According to the working day adjusted series, primary production is estimated to have grown by three per cent from September 2008. Secondary production contracted by 22 per cent and services by eight per cent. 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. Primary production refers to agriculture, forestry and fishery.

Source: Trend Indicator of Output 2009, September. Statistics Finland

Inquiries: Mr Veli-Pekka Karvinen +358 9 1734 2667, Mr Samu Hakala +358 9 1734 3756 kansantalous.suhdanteet@stat.fi

Director in charge: Ari Tyrkkö

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Last updated 13.11.2009

Referencing instructions:

Official Statistics of Finland (OSF): Trend Indicator of Output [e-publication].
ISSN=1798-5439. September 2009. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/ktkk/2009/09/ktkk_2009_09_2009-11-13_tie_001_en.html