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Home BUSINESSNational economy output remains on level in March
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Sat, 16 May, 2015 12:06:51 AM
FTimes Report, May 16
 
Volume of total output 2005 to 2015, trend and seasonally adjusted series. Source: Trend Indicator of Output 2015 March, Statistics Finland.
Seasonally adjusted output remained in March on level with the previous month, according to Statistics Finland.
 
Adjusted for working days, output grew by 1.4 per cent from March 2014.
 
Working day adjusted output grew in February by 0.8 per cent from February 2014.
 
Adjusted for working days, primary production grew by close on four per cent, secondary production by two per cent and services by one per cent from March 2014, the revised data show.
 
Working day adjusted change of total output from previous year’s corresponding month, %. Source: Trend Indicator of Output 2015 March, Statistics Finland.
Secondary production includes manufacturing and construction. Services include 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.
 
Seasonally adjusted GDP is estimated to have fallen by 0.1 per cent from the previous quarter.  
 
Flash estimate, seasonally adjusted, at reference year 2010 prices. Source: Trend Indicator of Output 2015 March, Statistics Finland.
It is estimated that the number of the employed has contracted by 0.4 per cent from the first quarter of 2014.
 
The number of hours worked was 1.3 per cent lower than in the same quarter of one year ago.
 
Intermediate consumption, as well as taxes and subsidies on products are not estimated in the compilation of the quarterly flash estimate, but quarterly GDP is carried forward with a change based on the data of the Trend Indicator of Output.
 
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