Published: 13 June 2012
According to Statistics Finland, in the first quarter of 2012 turnover in manufacturing was 1.2 per cent up on the corresponding quarter of the year before. In the latest examination period, domestic sales grew by 4.8 per cent while export turnover contracted by 1.4 per cent from one year ago.
Annual change in turnover in selected manufacturing industries during 1/2012–3/2012 and 1/2011–3/2011, % (TOL 2008)
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 2012, March, Statistics Finland
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