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Published: 14 February 2013

Turnover in manufacturing contracted by good one per cent year-on-year in September to November

According to Statistics Finland, turnover in manufacturing in the September to November period was 1.3 per cent lower than in the corresponding period of the year before. Domestic sales contracted by 2.2 per cent and export turnover by 0.5 per cent from one year ago.

Annual change in turnover in selected manufacturing industries during 9/2012–11/2012 and 9/2011–11/2011, % (TOL 2008)

Annual change in turnover in selected manufacturing industries during 9/2012–11/2012 and 9/2011–11/2011, % (TOL 2008)
Turnover went down from the corresponding period of the previous year in nearly all sub-industries. The declines were steepest in the electrical and electronics industry (-17.0%), in the textile, clothing and leather industry (-9.2%), and in the metal industry (-4.8%). The growth was most favourable in the chemical industry (7.6%), and in electricity, gas, steam and air conditioning supply (5.4%).

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.

The indices of turnover will adopt base year 2010=100 from the January 2013 data. Data using the new base year will be published for the first time on 15 April 2013.


Source: Index of turnover in industry 2012, November, Statistics Finland

Inquiries: Ulla Virtanen 09 1734 3347, Kirsi-Maaria Manninen 09 1734 2681, myynti.teollisuus@stat.fi

Director in charge: Hannele Orjala

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Updated 14.2.2013

Referencing instructions:

Official Statistics of Finland (OSF): Index of turnover in industry [e-publication].
ISSN=1798-596X. November 2012. Helsinki: Statistics Finland [referred: 29.3.2024].
Access method: http://www.stat.fi/til/tlv/2012/11/tlv_2012_11_2013-02-14_tie_001_en.html