Published: 14 November 2011
According to Statistics Finland, turnover in manufacturing in the June to August period was 4.8 per cent higher than in the corresponding period of the year before. Domestic sales grew by 10.0 per cent and export turnover by 0.6 per cent from one year ago.
Annual change in turnover in selected manufacturing industries during 6/2011–8/2011 and 6/2010–8/2010, % (TOL 2008)
Corrections had to be exceptionally made to the erroneous basic data originally supplied to Statistics Finland concerning the second and third quarters in the activity of the electrical and electronics industry (26-27). These revisions have influenced the point figures and change percentages for the early part of the year.
The index of turnover in industry describes enterprises whose main industry is manufacturing. The calculation of the indices is based on the Tax Administration’s value added tax data which are supplemented with data obtained with Statistics Finland’s sales inquiry. The monthly turnovers of manufacturing enterprises can vary considerably, especially in the metal industries. The variation is mainly due to invoicing practices. The final invoice for major machinery deliveries and projects may be recorded in the sales of one month, even if the delivery had required the work of several months or years.
Source: Index of turnover in industry 2011, August, Statistics Finland
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