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Published: 13 August 2020

Turnover and output in services fell in June

Working day adjusted turnover in service industries fell by 13.8 per cent in June 2020 from June 2019. Service output or volume, from which the impact of prices has been eliminated, fell by 10.9 per cent over the same period. In this year's May, turnover went down by 17.4 per cent, while volume contracted correspondingly by 15.2 per cent. The exceptional situation caused by coronavirus had an effect on the development of the service industries. Services are here examined exclusive of trade.

Annual change in working day adjusted turnover and volume of service industries, %

Annual change in working day adjusted turnover and volume of service industries, %

Among the main service industries, development was weakest in May 2020 in accommodation and food service activities, where working day adjusted turnover and volume both declined almost as strongly. The turnover of this main industry contracted by 41.4 per cent and the volume by 41.0 per cent. In the industry of arts, entertainment and recreation, in turn, working day adjusted turnover went down by 31.9 per cent from June 2019.

The working-day adjusted turnover of the biggest service industry, transportation and storage, decreased by 25.8 per cent from June 2019. At the same time, the volume of the industry fell by 23.9 per cent.

In June 2020, working day adjusted turnover fell slightly less than average for service industries in administrative and support service activities (-13.0%), in other service activities (-10.8%) and in professional, scientific and technical activities (-5.6%). Correspondingly, the decline in the volume of administrative and support service activities (-10.4%) and professional, scientific and technical activities (-3.5%) remained lower than in the entire service industry.

Among the main service industries, the development of turnover was positive in real estate activities where working day adjusted turnover rose by 0.9 per cent in June 2020 from last year's June. In the corresponding period, the volume of the industry (-0.1%) was nearly on level with the previous year. In information and communication activities, working day adjusted turnover (+0.1%) reached the level of the previous year in June 2020, while the volume of the industry increased by 1.2 per cent in the same period.

Annual change in working day adjusted turnover and volume of service industries, June 2020, % (TOL 2008)

Annual change in working day adjusted turnover and volume of service industries, June 2020, % (TOL 2008)

Turnover and output grew from the previous month

Seasonally adjusted turnover in service industries increased in June 2020 by 4.9 per cent compared to May. The output of services, from which the impact of prices has been eliminated, grew by 5.2 per cent over the same period. In May, turnover fell by 2.4 per cent from April 2020, while the volume went down by 2.5 per cent.

Change in seasonally adjusted turnover and volume from the previous month of service industries, %

Change in seasonally adjusted turnover and volume from the previous month of service industries, %

The data for the latest month are preliminary and they may become significantly revised particularly on more detailed industry levels in coming months. The volume of service industries is calculated by eliminating the effect of price changes from the turnover index.

The factors caused by the variation in the number of weekdays are taken into account in adjustment for working days. This means taking into consideration the lengths of months, different weekdays and holidays. In addition, seasonal variation is eliminated from seasonally adjusted series, on account of which it makes sense to compare observations of two successive months as well.


Source: Turnover of service industries, Statistics Finland

Inquiries: Katja Liukkonen 029 551 3515, Tony Valve 029 551 3453, palvelut.suhdanne@stat.fi

Director in charge: Mari Ylä-Jarkko

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Updated 13.08.2020

Referencing instructions:

Official Statistics of Finland (OSF): Turnover of service industries [e-publication].
ISSN=1799-0998. June 2020. Helsinki: Statistics Finland [referred: 4.10.2022].
Access method: http://www.stat.fi/til/plv/2020/06/plv_2020_06_2020-08-13_tie_001_en.html