Published: 2 February 2011
According to Statistics Finland, in the August to October period of 2010 turnover in manufacturing was 12.3 per cent up on the corresponding period of the year before. Domestic sales grew by 13.2 per cent and export turnover by 11.7 per cent from one year ago.
Annual change in turnover in selected manufacturing industries during 8–10/2010 and 8–10/2009, % (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.
A processing error, which had an effect on the data on exports and domestic sales for September 2010, was corrected in this release. The error did not influence the data on total turnover.
Source: Index of turnover in industry 2010, October, Statistics Finland
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