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National economy

Output of the national economy grew in April 2022

Statistics:
Reference period:
2022, April
Published:
Next release:
Publication type:
release

Revision release

The publication of statistical data was delayed on 15 June because of a technical problem. Read more about the revision and its impact in our release.

According to Statistics Finland, output adjusted for working days grew in April 2022 by 4.0 per cent from one year ago. Seasonally adjusted output grew by 0.7 per cent in April from the month before. According to revised data, working day adjusted output grew in March 2022 by 5.0 per cent (previously 5.4%) from March last year. Working day adjusted primary production increased by around six per cent. Secondary production grew by about five per cent and services by around three per cent from April 2021.

Line chart on the development of the volume of total output by month in 2005 to 2022. 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 points

  • Adjusted for working days, output went up by 4.0 per cent in April from one year back.
  • Seasonally adjusted output grew by 0.7 per cent from the month before.
  • Working day adjusted primary production increased by around six per cent. Secondary production grew by about five per cent and services by around three per cent from April 2021.

The bar chart shows the percentage change in the volume of working day adjusted output from the previous year over the latest 13 months. In April 2022, the volume of total output grew by around four per cent from one year ago.

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.

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.

Data revisions

See key statistical data in the tables.

Revisions in these statistics

Database tables

Database tables related to this release

Updated database tables
Classifications used:
  • Industry
Updated:
15.06.2022

Background information

Documentation
Referencing instructions

Statistical experts

Inquiries primarily
Antti Kosunen
Senior Statistician
029 551 3613
Other experts
Head of Department in charge