Published: 12 October 2017

Turnover in manufacturing grew by 9.0 per cent in May to July

According to Statistics Finland, turnover in manufacturing in the May to July period was 9.0 per cent higher than in the corresponding period of the year before. Domestic sales grew by 6.7 per cent and export turnover by 10.7 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 up from the corresponding period of the previous year in all manufacturing (C) sub-industries . The growth was strongest in the chemical industry, 12.9 per cent, in the textile, clothing and leather industry, 11.9 per cent, and in the metal industry, 10.3 per cent. Turnover grew slowest in the food industry, by 2.1 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)

The turnover of all other main categories of manufacturing industries also increased year-on-year. Turnover grew strongest in the industry of mining and quarrying, by 16.3 per cent. Turnover in water supply, sewerage, waste management and remediation activities increased by 5.1 per cent, and that of electricity, gas, steam and air conditioning supply by 4.8 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 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.

Changes in the Tax Administration’s self-assessed tax data have not so far had an effect on the data of turnover indices

The effects of the changes in the Tax Administration's self-assessed tax data have been analysed in Statistics Finland’s turnover indices. Based on the analyses, the changes have thus far not been found to have significant effects on enterprises’ VAT reporting in terms of statistics production. More information about this in Changes in the periodic tax return data used in turnover indices.


Source: Index of turnover in industry 2017, July, Statistics Finland

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

Director in charge: Sami Saarikivi

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Tables

Tables in databases

Index of turnover in industry

Appendix tables

Figures
Revisions in these statistics

Updated 12.10.2017

Referencing instructions:

Official Statistics of Finland (OSF): Index of turnover in industry [e-publication].
ISSN=1798-596X. July 2017. Helsinki: Statistics Finland [referred: 20.10.2017].
Access method: http://www.stat.fi/til/tlv/2017/07/tlv_2017_07_2017-10-12_tie_001_en.html

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