National economic trends
| Updated: 15.5.2013 - Next update: 9.7.2013 |
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Output of the national economy decreased year-on-year in March 2013
Seasonally adjusted output grew by 1.0 per cent in March from the month before. Adjusted for working days, output fell by 0.4 per cent from the level of the previous year's corresponding month. March 2013 had two working days less than the corresponding month of the previous year. According to revised data, working-day adjusted output fell in February by 2.8 per cent (previously -2.9 per cent) from February 2012.
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. Information on seasonal adjustment method: http://www.tilastokeskus.fi/til/tramo_seats_en.html
Secondary production decreased by one per cent from one year ago. Services increased by one per cent and primary production by two per cent compared to March 2012.
Statistical releaseSource:
Statistics Finland / Trend Indicator of Output
Description of indicator
The Trend Indicator of Output endeavours to forecast the monthly development of the national economy. The data are in the form of an index. The data have been calculated as original and working day adjusted series for the whole economy and for three main industries. A seasonally adjusted and a trend series are also calculated for the whole economy.
