Finland Times

Monday, 03 October, 2022
Home BUSINESSNational economic output falls in December
Sun, 15 Feb, 2015 12:01:45 AM
FTimes Report, Feb 15
Volume of total output 2005 to 2014, trend and seasonally adjusted series. . Source: Trend Indicator of Output 2014 December, Statistics Finland.
The seasonally adjusted output of national economy decreased by 1.4 per cent in December 2014 from the month before.
Adjusted for working days, the output went down by 1.2 per cent from the level of December 2013, according to the Statistics Finland.
The working day correction affected the growth figures of December considerably as, according to the original series, output of the national economy increased by 0.6 per cent from one year ago in December, the data show.
This was largely because December 2014 had two working days more than December 2013.
Working day adjusted change of total output from previous year’s corresponding month, %. . Source: Trend Indicator of Output 2014 December, Statistics Finland.
According to the revised data, working day adjusted output increased in November by 1.0 per cent from November 2013.
Primary production went down by one per cent, secondary production by three per cent and services by close on one per cent from December 2013.
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, hunting, forestry and fishing.
Flash estimate, seasonally adjusted, at reference year 2010 prices. Source: Trend Indicator of Output 2014 December, Statistics Finland.
Seasonally adjusted GDP is estimated to have fallen by 0.3 per cent from the previous quarter. According to the series adjusted for working days, GDP went down by 0.3 per cent from the corresponding quarter of the year before.
It is estimated that the number of the employed has contracted by 0.3 per cent from the last quarter of 2013. In contrast, hours worked increased by 1.4 per cent from the fourth quarter of 2013.
The data are based on preliminary statistics of the Trend Indicator of Output. The next quarterly national accounts with more detailed data will be published on March 2, 2015.
comments powered by Disqus
More News

Copyright © 2022 All rights reserved
Developed By -