Turnover in manufacturing grew by 0.6 per cent in June to August from the year before

According to Statistics Finland, turnover in manufacturing in the June to August period was 0.6 per cent higher than in the corresponding period of the year before. Domestic sales contracted by 0.9 per cent and export turnover grew by 1.9 per cent from one year ago.

Annual change in turnover in selected manufacturing industries during 6/2012–8/2012 and 6/2011–8/2011, % (TOL 2008)

Turnover went up from the corresponding period of the previous year in several sub-industries. The growth was strongest in mining and quarrying (4.8%), in the chemical industry (4.1%) and in water supply, sewerage, waste management and remediation activities (3.2%). Turnover contracted most in electricity, gas, steam and air conditioning supply (-9.2%) and in the forest industry (-5.1%). Turnover also went down in the textile, clothing and leather industry (-3.1%) and in the electronic and electrical industry (-1.7%).

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 2012, August, Statistics Finland

Inquiries: Mira Kuussaari 09 1734 3538, Kirsi-Maaria Manninen 09 1734 2681, myynti.teollisuus@stat.fi

Director in charge: Hannele Orjala

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Index of turnover in industry

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Appendix table 1. Year-on-year change in turnover by industry, % (TOL 2008) (14.11.2012)

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Revisions in these statistics (14.11.2012)

Updated 14.11.2012

Referencing instructions:

Official Statistics of Finland (OSF): Index of turnover in industry [e-publication].
ISSN=1798-596X. August 2012. Helsinki: Statistics Finland [referred: 9.5.2013].
Access method: http://www.stat.fi/til/tlv/2012/08/tlv_2012_08_2012-11-14_tie_001_en.html.

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