National economy output falls in April | business

Tue, 16 Jun, 2015 12:09:33 AM

FTimes Report, June 16

Volume of total output 2005 to 2015, trend and seasonally adjusted series. Source: Trend Indicator of Output 2015 April, Statistics Finland.

Seasonally adjusted output of the national economy fell by 1.1 per cent in April from the month before, according to Statistics Finland’s data.

Adjusted for working days, output fell by 1.2 per cent from April 2014.

Working-day adjusted output grew in March by 0.9 per cent from March 2014, the revised data show.

The revision was caused by the benchmarking of the data to quarterly accounts.

Working day adjusted change of total output from previous year’s corresponding month, %. Source: Trend Indicator of Output 2015 April, Statistics Finland.

Working day adjusted primary production went down by two per cent, secondary production by three per cent and services by close on one per cent from April 2014.

Primary production refers to agriculture, hunting, forestry and fishing. 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.

Finland Times