Home > Statistics > Trend Indicator of Output > 2015 > April > Output of the national economy fell in April

Published: 15 June 2015

Output of the national economy fell in April

Seasonally adjusted output fell by 1.1 per cent in April from the month before. Adjusted for working days, output fell by 1.2 per cent from April 2014. According to revised data, working-day adjusted output grew in March by 0.9 per cent (previously 1.4 per cent) from March 2014. The revision was caused by the benchmarking of the data to quarterly accounts.

Volume of total output 2005 to 2015, 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 went down by two per cent, secondary production by three per cent and services by close on one per cent from April 2014.

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 2015 April, Statistics Finland

Inquiries: Veli-Pekka Karvinen 029 551 2667, Ida Peltonen 029 551 3334, kansantalous.suhdanteet@stat.fi

Director in charge: Mari Ylä-Jarkko

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Updated 15.6.2015