The seasonally adjusted output of national economy fell by 1.5 per cent in June 2017 from the month before, according to Statistics Finland.

Adjusted for working days, the output was 0.5 per cent lower than one year before.

According to the revised data, working-day adjusted output rose in May by 2.8 per cent (previously 2.5 per cent) from that in May 2016.

Adjusted for working days, primary production increased by three per cent and secondary production by nearly one per cent year on year. Services fell by one per cent from June 2016.

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.

Growth of Gross Domestic Product (GDP) and employment from one year ago is estimated to have continued in the second quarter of 2017.

Seasonally adjusted GDP is estimated to have fallen by 0.5 per cent from the previous quarter.

According to the series adjusted for working days, GDP went 1.6 per cent up on the corresponding quarter of the year before.

It is estimated that the number of the employed has increased by 0.9 per cent from the second quarter of 2016. Adjusted for working days, the number of hours worked was 0.7 per cent higher than that in the same quarter of one year ago.

Intermediate consumption as well as taxes and subsidies on products are not estimated in the compilation of the quarterly flash estimate, but quarterly GDP is carried forward with a change based on the data of the Trend Indicator of Output.