Published: 15 May 2019

Turnover in manufacturing grew by 3.6 per cent in March

According to Statistics Finland, working day adjusted turnover in manufacturing (TOL BCD) increased in March by 3.6 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 the chemical industry, 13.1 per cent and in the forest industry, 6.0 per cent. Seasonally adjusted turnover in manufacturing (TOL BCD) remained almost unchanged in March, growth from February only 0.1 per cent.

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

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

Among the main industries, turnover growth was slowest in the electrical and electronics industry, 0.3 per cent. Also, in the textile, apparel and leather production industry and in mining and quarrying industry, turnover growth was modest, only 1.2 per cent over the year. Turnover contracted from the previous year in the industry of electricity, gas, steam and air conditioning supply, by 4.0 per cent, and in the food industry, by 0.3 per cent.

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

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

Export turnover and domestic turnover growing in February

Export turnover grew most in the electrical and electronics industry in February, by 17.2 per cent, in the metal industry, by 7.0 per cent, and the forest industry, by 6.4 per cent. In turn, export turnover decreased in February in mining and quarrying, by 9.5 per cent, in the textile, apparel and leather production industry, by 1.2 per cent, and in the chemical industry, by 0.7 per cent.

Annual change in working day adjusted export turnover and domestic turnover in manufacturing by industry, February 2019, %, (TOL 2008)

Annual change in working day adjusted export turnover and domestic turnover in manufacturing by industry, February 2019, %, (TOL 2008)

Domestic turnover grew most in February in the chemical industry, by 16.5 per cent, and in the forest industry, by 12.9 per cent. Domestic turnover declined from the corresponding period in the year before only in the textile, clothing and leather industry, by 8.5 per cent.

Trend series of turnover, export turnover and domestic turnover in manufacturing (BC), 01/2007 to 03/2019, %, (TOL 2008)

Trend series of turnover, export turnover and domestic turnover in manufacturing (BC), 01/2007 to 03/2019, %, (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, March, Statistics Finland

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

Director in charge: Mari Ylä-Jarkko

Publication in pdf-format (322.2 kB)

Tables

Tables in databases

Appendix tables

Figures
Revisions in these statistics

Updated 15.5.2019

Referencing instructions:

Official Statistics of Finland (OSF): Index of turnover in industry [e-publication].
ISSN=1798-596X. March 2019. Helsinki: Statistics Finland [referred: 22.5.2019].
Access method: http://www.stat.fi/til/tlv/2019/03/tlv_2019_03_2019-05-15_tie_001_en.html