Published: 13 January 2017
Seasonally adjusted output fell in November, adjusted for working days it grew year-on-year
Seasonally adjusted output fell by 0.3 per cent in November 2016 from the month before. Adjusted for working days, output was 1.6 per cent higher than one year before. According to revised data, working-day adjusted output increased in October by 2.6 per cent (previously 2.1 per cent) from October 2015.
Volume of total output 2005 to 2016, 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, %
Adjusted for working days, primary production increased by three and secondary production by six per cent from November 2015. Services remained on level with the previous year.
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 2016 November, Statistics Finland
Inquiries: Ida Peltonen 029 551 3334, Veli-Pekka Karvinen 029 551 2667, kansantalous.suhdanteet@stat.fi
Director in charge: Ville Vertanen
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- Revisions in these statistics (13.1.2017)
Updated 13.1.2017
Official Statistics of Finland (OSF):
Trend Indicator of Output [e-publication].
ISSN=1798-5439. November 2016. Helsinki: Statistics Finland [referred: 28.12.2024].
Access method: http://www.stat.fi/til/ktkk/2016/11/ktkk_2016_11_2017-01-13_tie_001_en.html