Development by industry 

Updated: 1.3.2013 - Next update: 5.6.2013
   
 
 
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In the last quarter, the volume of value added in the entire economy decreased by 0.1 per cent from the previous quarter.

The volume of value added in primary production, that is, agriculture, forestry and fishery, went up by 0.8 per cent in October to December from the previous quarter. In the whole of 2012, the volume of primary production fell by 1.1 per cent, however. In agriculture, the value added decreased by 3.8 per cent last year. In forestry, the value added grew by 0.1 per cent in 2012.

In the last quarter, the value added of industries (industries B to E) decreased by 1.1 per cent from the previous quarter. Value added grew by 1.1 per cent in the forest industry but fell by 1.8 per cent in the metal industry. Value added in the electrical and electronics industry contracted by 6 per cent. From October to December, the volume of value added in construction diminished by 1.4 per cent from the previous quarter.

In the whole of 2012, the volume of value added in manufacturing decreased by 1.8 per cent. Value added fell by 2.3 per cent in the forest industry but grew by two per cent in the chemical industry. In the metal industry, value added went up by 0.6 per cent but fell by 9.1 per cent in the electrical and electronics industry. Value added in construction decreased by 2.3 per cent from the previous year.

In the October to December, period the value added of service industries remained on level with the previous quarter. Trade contracted by one per cent but transport services gained 0.7 per cent. Real estate activities remained at the level seen in the previous quarter but business services (M to N) decreased by 1.5 per cent.

In the whole of 2012, the volume of value added in service industries went up by 0.5 per cent. In trade, value added fell by 0.5 per cent and in transport services by 0.1 per cent. Information and communication increased by 2.9 per cent. Real estate activities grew by 1.9 per cent and business services (M to N) by 2.2 per cent. Value added in financial intermediation and insurance diminsihed by 0.1 per cent last year.


Source:
Statistics Finland / Quarterly national accounts

Description of indicator

Quarterly national accounts describe Finland’s economy systematically and according to the same concepts and definitions as annual national accounts, but at a more aggregated level. The produced data show how Finland’s GDP has developed by quarter, which activities have grown and by how much, whether output has grown because of exports or investments, how the consumption of households has changed from the previous quarter, and how much wages and salaries have risen from the previous year.

Value added (gross) refers to the value generated by any unit engaged in a production activity. In market production it is calculated by deducting from the unit's output the intermediates (goods and services) used in the production process and in non-market production by adding up compensation of employees, consumption of fixed capital and possible taxes on production and imports.