Published: 15 August 2012
According to Statistics Finland, turnover in manufacturing in the March to May period was one per cent higher than in the corresponding period of the year before. Domestic sales contracted by 0.7 per cent and export turnover grew by 2.4 per cent from one year ago.
Annual change in turnover in selected manufacturing industries during 3/2012–5/2012 and 3/2011–5/2011, % (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, May, Statistics Finland
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