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Published: 14 November 2013

Turnover in manufacturing contracted by good 4 per cent in June to August from the year before

According to Statistics Finland, turnover in manufacturing was 4.4 per cent lower in the June to August period than in the corresponding period of the year before. Domestic sales contracted by 10.4 per cent and export turnover grew by 0.7 per cent from one year ago.

Three months' year-on-year change in turnover in manufacturing (C) sub-industries (TOL 2008)

Three months' year-on-year change in turnover in manufacturing (C) sub-industries (TOL 2008)
Turnover went down from the corresponding period of the previous year in nearly all manufacturing (C) sub-industries . The declines were fastest in the electronic and electrical industry (-14.1%) and in the metal industry (-7.8%). Only the food industry generated more turnover than in the year before (1.2%).

Three months' year-on-year change in turnover in main industrial categories (TOL 2008)

Three months' year-on-year change in turnover in main industrial categories (TOL 2008)

In the main categories of other industries , mining and quarrying decreased by 15.7 per cent in the June to August period compared with one year earlier. Turnover of electricity, gas, steam and air conditioning supply grew by 8.6 per cent and water supply, sewerage, waste management and remediation activities by 2.1 per cent from one year ago.

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 2013, August, 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 14.11.2013

Referencing instructions:

Official Statistics of Finland (OSF): Index of turnover in industry [e-publication].
ISSN=1798-596X. August 2013. Helsinki: Statistics Finland [referred: 28.11.2022].
Access method: http://www.stat.fi/til/tlv/2013/08/tlv_2013_08_2013-11-14_tie_001_en.html