Published: 15 July 2021

Output of the national economy grew in May

Adjusted for working days, output grew by 9.0 per cent in May 2021 from one year back. In May, seasonally adjusted output grew by 0.4 per cent from the month before. According to revised data, working day adjusted output grew in April 2021 by 7.1 per cent (previously 6.4 per cent) from April last year.

Volume of total output 2005 to 2021, trend and seasonally adjusted series

Volume of total output 2005 to 2021, trend and seasonally adjusted series

The series of the Trend Indicator of Output are seasonally adjusted with the Tramo/Seats method. 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. Revisions especially at turning points of economic trends may be significant, which should be taken into consideration when using seasonally adjusted and trend data.

Working day adjusted change of total output from previous year’s corresponding month, %

Working day adjusted change of total output from previous year’s corresponding month, %

Working day adjusted primary production grew by around seven per cent. Secondary production increased by five cent and services by around 11 per cent from May 2020.

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.


Source: Trend Indicator of Output 2021 May, Statistics Finland

Inquiries: Antti Kosunen 029 551 3613, Samu Hakala 029 551 3756, kansantalous.suhdanteet@stat.fi

Head of Department in charge: Katri Kaaja

Publication in pdf-format (189.8 kB)

Tables

Tables in databases

Revisions in these statistics

Updated 15.07.2021

Referencing instructions:

Official Statistics of Finland (OSF): Trend Indicator of Output [e-publication].
ISSN=1798-5439. May 2021. Helsinki: Statistics Finland [referred: 3.8.2021].
Access method: http://www.stat.fi/til/ktkk/2021/05/ktkk_2021_05_2021-07-15_tie_001_en.html