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Home BUSINESSNational economy output falls in May
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Wed, 16 Jul, 2014 12:02:59 AM
FTimes Report, July 16
 
Volume of total output 2005 to 2014, trend and seasonally adjusted series. Source: Statistics Finland.
Seasonally adjusted output of the national economy fell by 0.5 per cent in May from the month before, the Statistics Finland’s data show. 
 
Adjusted for working days, output fell by 0.1 per cent from the level of the previous year. 
 
May 2014 had one working day less than May last year. Unadjusted for working days, the original series was 0.9 per cent lower than in the year before.
 
Primary production that refers to agriculture, forestry and fishing went down by nearly one per cent from May 2013. Secondary production increased by close on two per cent.  Secondary production includes manufacturing and construction, according to the statistics. 
 
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. 
 
 
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