Published: 14 March 2019

Turnover in manufacturing increased by 6.2 per cent in January

According to Statistics Finland, working day adjusted turnover in manufacturing (TOL BCD) grew in January by 6.2 per cent from the corresponding period of the previous year. Among the main manufacturing industries, the growth in working day adjusted turnover was strongest in electricity, gas, steam and air conditioning supply, 20.2 per cent, in the electrical and electronics industry, 14.1 per cent, and in mining and quarrying, 12.4 per cent. Seasonally adjusted turnover in manufacturing (TOL BCD) grew by 0.4 per cent in January compared with December.

Annual change in working day adjusted turnover in manufacturing (BCD), %, (TOL 2008)

Annual change in working day adjusted turnover in manufacturing (BCD), %, (TOL 2008)

The risen prices of electricity particularly had an effect on the growth in the industry of electricity, gas, steam and air conditioning supply. Among the main industries, turnover grew slowest in January in the food industry, by 0.9 per cent, in the chemical industry, by 1.5 per cent, and in the textile, clothing and leather industry, by 1.6 per cent compared with the previous year.

Annual change in working day adjusted turnover in manufacturing by industry, January 2019, %, (TOL 2008)

Annual change in working day adjusted turnover in manufacturing by industry, January 2019, %, (TOL 2008)

Export turnover and domestic turnover growing in December

Export turnover grew in December most in metal industry, by 5.7 per cent, mining and manufacturing, by 4.9 per cent, and in the forest industry, by 4.7 per cent. Correspondingly, export turnover fell in mining and quarrying by 4.9 per cent and in the chemical industry by 2.2 per cent from the previous year.

Annual change in working day adjusted export turnover and domestic turnover in manufacturing by industry, December 2018, %, (TOL 2008)

Annual change in working day adjusted export turnover and domestic turnover in manufacturing by industry, December 2018, %, (TOL 2008)

Domestic turnover grew in December fastest in the forest industry, by 17.8 per cent. Respectively, domestic turnover fell in the textile, clothing and leather industry, by 0.9 per cent, and in mining and quarrying, by 0.6 per cent from the respective period of the previous year.

Trend series of turnover, export turnover and domestic turnover in manufacturing (BC), 01/2007 to 01/2019, %, (TOL 2008)

Trend series of turnover, export turnover and domestic turnover in manufacturing (BC), 01/2007 to 01/2019, %, (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 self-assessed 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.

The factors caused by the variation in the number of weekdays are taken into account in adjustment for working days. This means taking into consideration the lengths of months, different weekdays and holidays. In addition, seasonal variation is eliminated from seasonally adjusted series, on account of which it makes sense to compare observations of two successive months as well.

The data for the latest month are preliminary and they may become significantly revised particularly on more detailed industry levels in coming months.


Source: Index of turnover in industry 2019, January, Statistics Finland

Inquiries: Maija Sappinen 029 551 3348, Kirsi-Maaria Manninen 029 551 2681, myynti.teollisuus@stat.fi

Director in charge: Mari Ylä-Jarkko

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Updated 14.3.2019

Referencing instructions:

Official Statistics of Finland (OSF): Index of turnover in industry [e-publication].
ISSN=1798-596X. January 2019. Helsinki: Statistics Finland [referred: 26.3.2019].
Access method: http://www.stat.fi/til/tlv/2019/01/tlv_2019_01_2019-03-14_tie_001_en.html