Output of the national economy decreases | business

Thu, 06 Feb, 2014 12:59:20 AM

Output of the national economy decreases

FTimes Report, February 6

Volume of total output 2005 to 2013, trend and seasonally adjusted series. Source: Statistics Finland.

Seasonally adjusted output has decreased by 0.4 per cent in the November of 2013 from the month before, according to Statistics Finland.

Adjusted for working days, output fell by 1.1 per cent from the level of the previous year. According to revised data, working-day adjusted output decreased in October by 1.1 per cent (previously -0.6 per cent) from October 2012.

Secondary production contracted by two per cent and services by close on one per cent from November 2012. Primary production remained on level with the previous year.

Working day adjusted change of total output from previous year’s corresponding month, %. Source: Statistics Finland.

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 fishing.

Finland Times