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Latest publication: Index of turnover in industry 2022, February

Published: 14 August 2014

Turnover in manufacturing still fell by good one per cent year-on-year in March to May

According to Statistics Finland, turnover in manufacturing in the March to May period was 1.4 per cent lower than in the corresponding period of the year before. Domestic sales contracted by 3.7 per cent and export turnover grew by 0.3 per cent from one year ago.

Three months' year-on-year change in turnover in manufacturing (C) sub-industries (TOL 2008)

Three months' year-on-year change in turnover in manufacturing (C) sub-industries (TOL 2008)
Turnover went down from the corresponding period of the previous year in nearly all manufacturing (C) sub-industries . Turnover contracted most in the electrical and electronics industry, by 6.0 per cent, in the textile, clothing and leather industry, by 4.8 per cent, and in the metal industry, by 2.4 per cent. Only the chemical industry generated slightly more turnover than in the year before, 1.6 per cent.

Three months' year-on-year change in turnover in main industrial categories (TOL 2008)

Three months' year-on-year change in turnover in main industrial categories (TOL 2008)

In the main categories of other industries , mining and quarrying increased by 3.2 per cent. Turnover in water supply, sewerage, waste management and remediation activities contracted by 2.0 per cent and that of electricity, gas, steam and air conditioning supply by 11.8 per cent from one year before.

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 2014, May, Statistics Finland

Inquiries: Ulla Virtanen 029 551 3347, myynti.teollisuus@stat.fi

Director in charge: Hannele Orjala

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Updated 14.8.2014

Referencing instructions:

Official Statistics of Finland (OSF): Index of turnover in industry [e-publication].
ISSN=1798-596X. May 2014. Helsinki: Statistics Finland [referred: 17.5.2022].
Access method: http://www.stat.fi/til/tlv/2014/05/tlv_2014_05_2014-08-14_tie_001_en.html