According to Statistics Finland, turnover in manufacturing was 21.8 per cent lower in the September to November 2009 period than in the corresponding period of the year before. Domestic sales contracted by 18.7 per cent and export turnover by 23.7 per cent from one year ago.
Turnover contracted in all manufacturing industries in the September to November. The contraction was the smallest in the food industry (-3.9%). In other manufacturing industries turnover contracted more. The declines were steepest in the electronic and electrical industry (-42.1%) and in the metal industry (-28.0%).
Annual change in turnover in selected manufacturing industries during 09/2009-11/2009, % (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, November 2009. Statistics Finland
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Last updated 15.2.2010