A more recent publication of this set of statistics is available.

Latest publication: Index of turnover of construction 2019, August

Published: 13 March 2019

Turnover and sales volume of construction enterprises grew in January

In January, the working day adjusted turnover of construction enterprises increased by 6.5 per cent and sales volume by 2.0 per cent year-on-year. Turnover grew strongly in all sectors of construction. Sales volume, from which the impact of price changes has been eliminated, went up especially in civil engineering.

Annual change in working day adjusted turnover and sales volume of construction, %

Annual change in working day adjusted turnover and sales volume of construction, %
The turnover of civil engineering adjusted for working days increased by 10.7 per cent and sales volume adjusted for working days by 7.6 per cent from January 2018. In other sectors, sales volume developed more moderately in January: after adjustment for working days, building construction grew by 1.7 per cent and specialised construction activities by 1.5 per cent from one year back. However, working day adjusted turnover grew by 7.8 per cent in building construction and by 6.2 per cent in specialised construction activities year-on-year.

Annual change in working day adjusted turnover and sales volume of construction, January 2019, %

Annual change in working day adjusted turnover and sales volume of construction, January 2019, %

Turnover and sales volume went down from the previous month

Seasonally adjusted turnover in construction fell in January by 2.0 per cent and sales volume by 2.2 per cent compared to December 2018.

Change in seasonally adjusted turnover and sales volume of construction from the previous month, %

Change in seasonally adjusted turnover and sales volume of construction from the previous month, %

The calculation of indices of turnover of construction is based on the Tax Administration’s data on self-assessed taxes, which are supplemented with Statistics Finland’s sales inquiry. The monthly turnover of construction enterprises can have even large variations due to invoicing practices. The final invoice for major projects may be recorded in the sales of one month, even if the project 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.

Trends in turnover of construction by industry (TOL 2008)

Trends in turnover of construction by industry (TOL 2008)

Source: Index of turnover of construction 2019, January, Statistics Finland

Inquiries: Liina Arhosalo 029 551 3612, Heli Suonio 029 551 2481, rakennus.suhdanne@stat.fi

Director in charge: Mari Ylä-Jarkko

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Tables

Tables in databases

Appendix tables

Revisions in these statistics

Updated 13.3.2019

Referencing instructions:

Official Statistics of Finland (OSF): Index of turnover of construction [e-publication].
ISSN=1798-5935. January 2019. Helsinki: Statistics Finland [referred: 17.10.2019].
Access method: http://www.stat.fi/til/rlv/2019/01/rlv_2019_01_2019-03-13_tie_001_en.html