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Latest publication: Tuotannon suhdannekuvaaja 2022, tammikuu

Published: 15 May 2009

Output of the national economy fell in March

Seasonally adjusted output fell by 1.1 per cent in March from the month before. Adjusted for working days, output fell by 10,8 per cent from March 2008. March 2009 had three working days more than the corresponding month of the previous year. According to the original series, output was 8.1 per cent smaller than in March of the year before. 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 February by 10.9 per cent (previously -11 per cent) and the original series fell by 11.1 per cent (previously -11.3 per cent) from February 2008.

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 contracted by a good one per cent from March 2008. Secondary production contracted by 17 per cent and services by just under 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.

Examination of the accuracy of the Trend Indicator of Output

Source: Trend Indicator of Output 2009, March Statistics Finland

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

Director in charge: Mr Ari Tyrkkö

Tables

Tables in databases


Last updated 15.5.2009

Referencing instructions:

Official Statistics of Finland (OSF): Tuotannon suhdannekuvaaja [e-publication].
ISSN=1798-5404. maaliskuu 2009. Helsinki: Tilastokeskus [referred: 12.8.2022].
Access method: http://www.stat.fi/til/ktkk/2009/03/ktkk_2009_03_2009-05-15_tie_001_en.html