Turnover and output in services grew in February 2022
release | Turnover of service industries 2022, FebruaryCorrection
Correction
According to Statistics Finland, working day adjusted turnover in service industries grew by 15.2 per cent in February 2022 from February 2021. Service output or volume, from which the impact of prices has been eliminated, grew by 10.0 per cent over the same period. In January 2022, turnover reached a growth of 15.5 per cent, while volume went up by 11.4 per cent from one year back. The development was partly due to the exceptional situation caused by the coronavirus one year earlier. Services are here examined exclusive of trade.
Key selections
- Working day adjusted turnover in service industries grew by 15.2 per cent in February 2022 from February 2021
- Working day adjusted volume in service industries grew by 10.0 per cent in February 2022 from February 2021
The data for the latest month are preliminary and are released at a delay of around six weeks. The data may become significantly revised particularly on more detailed industry levels in coming months. The volume of service industries is calculated by eliminating the effect of price changes from the turnover index.
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.
Tables
Annual change in working day adjusted turnover and volume in sectors of services, % (TOL 2008)
Data revisions
Revision to annual changes in working day adjusted turnover in sectors of services
Revision to long-term annual changes in working day adjusted turnover in sectors of services
Database tables
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