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Published: 11 August 2005

GDP fell slightly in the second quarter from the quarter before

The industrial dispute in the paper industry that coincided with the second quarter of the year was reflected in figures on GDP. Estimates indicate that adjusted for seasonal variation and calendar days (working and trading days) the volume of GDP for the second quarter of 2005 was 0.4 per cent down on the corresponding quarter of the year before. Examined against original figures on output volumes, the decline from the same quarter twelve months back was to 0.2 per cent. Preliminary data indicate that seasonally adjusted GDP fell by 1.2 per cent from the previous quarter.

Quarterly national accounts with more precise data on GDP will be published on 8 September 2005. The next Flash Estimate of GDP on Quarter will be published on 15 November 2005.

GDP, seasonally adjusted series, 2/2005 Flash Estimate

Source: Flash Estimate of GDP on Quarter 2/2005. Statistics Finland

Inquiries: Mr Veli-Pekka Karvinen +358 9 1734 2667, kansantalous.suhdanteet@stat.fi

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Last updated 11.8.2005