Turnover in manufacturing contracted by just under 7 per cent in December to February from the year before

According to Statistics Finland, turnover in manufacturing in the December to February period was 6.7 per cent lower than in the corresponding period of the year before. Domestic sales contracted by 8.4 per cent and export turnover by 5.3 per cent from one year ago.

Annual change in turnover in selected manufacturing industries during 12/2012–2/2013 and 12/2011–2/2012, % (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 (-14.0%), in the metal industry (-10.5%) and in the textile, clothing and leather industry (-8.5%). The growth was most favourable in electricity, gas, steam and air conditioning supply (7.2%). Turnover also grew in water supply, sewerage, waste management and remediation activities (1.6%) and in the food industry (0.9%).

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, February, 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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Index of turnover in industry

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Appendix table 1. Year-on-year change in turnover by industry, % (TOL 2008) (15.5.2013)

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Revisions in these statistics (15.5.2013)

Updated 15.4.2013

Referencing instructions:

Official Statistics of Finland (OSF): Index of turnover in industry [e-publication].
ISSN=1798-596X. February 2013. Helsinki: Statistics Finland [referred: 8.10.2013].
Access method: http://www.stat.fi/til/tlv/2013/02/tlv_2013_02_2013-05-15_tie_001_en.html.

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