Finland Times

Tuesday, 16 July, 2024
Home BUSINESSNational economy output downs in Nov 2015
Sat, 16 Jan, 2016 12:03:16 AM
FTimes Report, Jan 16
Volume of total output 2005 to 2015, trend and seasonally adjusted series. Source: Trend Indicator of Output 2015 November, Statistics Finland.
Seasonally adjusted output fell by 0.4 per cent in November from the month before, according to Statistics Finland.
Adjusted for working days, the output was 0.5 per cent lower than one year before.
Working-day adjusted output decreased in October by 0.1 per cent from October 2014, the revised data show.
The latest observations of the series adjusted for seasonal and random variation (seasonally adjusted and trend series) become revised with new observations in seasonal adjustment methods.
Working day adjusted change of total output from previous year’s corresponding month, %. Source: Trend Indicator of Output 2015 November, Statistics Finland.
Working day adjusted primary production increased by good one per cent from the year before. Secondary production contracted by one per cent and services by close on one per cent from November 2014.
Primary production refers to agriculture, hunting, forestry and fishing while 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.
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