Wednesday December 08, 2021

Nat´l economy output grows by 5% in Sep

Published : 17 Nov 2021, 03:55

  DF Report

Photo: Lapland Material Bank by Terhi Tuovinen.

Adjusted for working days, output went up by 5.0 per cent in September 2021 from one year back, according to Statistics Finland.

In September, seasonally adjusted output grew by 0.1 per cent from the month before.

According to revised data, working-day adjusted output grew in August 2021 by 4.3 per cent (previously 4.6) from August last year.

Working day adjusted primary production grew by around 13 per cent. Secondary production grew by some seven per cent and services by around four per cent from September 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.

Seasonally adjusted GDP is estimated to have grown by around 0.9 per cent from the previous quarter.

According to the series adjusted for working days, GDP was 4.0 per cent higher than in the corresponding quarter of the year before.

It is estimated that the number of the employed has increased by around 2.0 per cent from one year ago. Adjusted for working days, the number of hours worked had grown by around 0.8 per cent from the corresponding quarter of one year ago.