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Monthly Indicator of Total Output changed into Trend Indicator of Output

Monthly Indicator of Total Output is being revised. In future the statistics will be published as the Trend Indicator of Output. The calculation of the indicator has been harmonised with the calculation methods of quarterly accounts output, and the development work will continue in 2008.

The calculation of industry-specific data is now based primarily on value data deflated according to the average prices of the year before. Thus, volume figures at the previous year's prices are obtained, in which the previous year is always used as the base year. Using volume changes at the previous year's prices, a continuous volume series at year 2000 prices is chained according to the so-called annual overlap method. This series is published as the Trend Indicator of Output. This method corresponds to the deflation and chaining method applied to quarterly accounts output.

The volume of source data used in the calculation of the Trend Indicator of Output has been increased significantly and the calculation is performed at a more detailed level than before (2-digit level of the Standard Industrial Classification). The publication level is primary production, processing and services.

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Last updated 5.5.2008