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National economy

Output of the national economy grew in March 2023

release | Trend indicator of output 2023, March

According to Statistics Finland, output adjusted for working days grew in March 2023 by 1.7 per cent from one year ago. Seasonally adjusted output grew by 1.0 per cent in March from the month before. According to revised data, working day adjusted output grew in February 2023 by 0.1 per cent (previously 0.4%) from February last year. Working day adjusted primary production decreased by around 7.6 per cent. Secondary production grew by about 0.6 per cent and services by around 2.4 per cent from March 2022.

Line chart on the development of the volume of total output by month in 2005 to 2023. The line chart shows the trend and seasonally adjusted series on the development of the volume of total output. The volume of total output has developed varyingly over this period. The volume of total output has grown in the period, but there are also times within the period when the volume of total output has contracted. The volume of total output contracted in 2009 and 2020 and in 2012 to 2014.

Key selections

  • In March 2023, output adjusted for working days grew by 1.7 per cent from one year ago.
  • Seasonally adjusted GDP is estimated to have grown in the first quarter of 2023 by around 1.1 per cent from the previous quarter.
  • The number of employed persons is estimated to have grown by 0.9 per cent from the previous quarter.
  • The number of hours worked is estimated to have increased by 1.4 per cent from the quarter before.

Figures

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16.05.2023

Annual change in volume of the working day adjusted series, %

Data revisions

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16.05.2023

Revisions in these statistics

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132f
Classifications used:
  • Industry
Period:
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Updated:

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