Turnover in service industries grew by 13.1 per cent and volume by 4.1 per cent in October 2022

Release related to topics:Enterprises
release | Turnover of service industries 2022, October

Change

Changes have been made to the weight structure between industries concerning service production or the volume in the release of the index of turnover of service industries for October 2022.
Read more about the change

Change

Due to a technical problem the data were published at 12 noon.
Read more about the change

According to Statistics Finland, working day adjusted turnover in service industries grew by 13.1 per cent in October 2022 from October 2021. Service output or volume, from which the impact of prices has been eliminated, grew by 4.1 per cent over the same period. In September 2022, turnover grew of 15.7 per cent and volume correspondingly rose by 6.8 per cent. Services are here examined exclusive of trade.

Key selections

  • The working day adjusted turnover in service industries grew by 13.1 per cent in October 2022.
  • The working day adjusted volume in service industries increased by 4.1 per cent in October 2022.

Turnover growing in main service industries

Among the main service industries, turnover grew most in accommodation and food service activities in October 2022. Working day adjusted turnover in the industry rose by 19.1 per cent from October one year ago while volume grew by 10.3 per cent over the same period. In transportation and storage, working day adjusted turnover grew by 18.1 per cent from October 2021 and volume was falling by 7.9 per cent over the same period.

Administrative and support service activities also reached stronger development than turnover in the entire service industry, as working day adjusted turnover there rose by 14.3 per cent from October 2021 while volume was growing by 9.1 per cent over the same period.

The working day adjusted turnover of arts, entertainment and recreation grew by 12.2 per cent in October 2022 from last year's October. Development was also favourable in professional, scientific and technical activities. The working day adjusted turnover of the industry grew by 11.4 per cent and volume by 7.9 per cent from October 2021.

In information and communication activities, working day adjusted turnover grew by 10.4 per cent in October 2022 while the volume of the industry grew by 9.0 per cent over the same period. In October 2022, working day adjusted turnover in other service activities increased by 6.8 per cent year-on-year. The working day adjusted turnover of real estate activities rose by 4.1 per cent and volume by 2.5 from October 2021.

Turnover grew and output fell from the previous month

Seasonally adjusted turnover in service industries rose by 0.1 per cent in October 2022 compared to September. Service output or volume, from which the impact of prices has been eliminated, fell by 0.4 per cent over the same period. In September 2022, turnover rose by 0.6 per cent while volume correspondingly grew by 0.5 per cent from August.

Change

Changes have been made to the weight structure between industries concerning service production or the volume in the release of the index of turnover of service industries for October 2022.
Read more about the change

Change

Due to a technical problem the data were published at 12 noon.
Read more about the change

Tables

See key statistical data in the tables.

Annual change in working day adjusted turnover and volume in sectors of services, % (TOL 2008)

Data revisions

See key statistical data in the tables.

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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Updated database tables
Classifications used:
  • Industry
  • Variable
Updated:
Classifications used:
  • Industry
  • Variable
Updated:
Classifications used:
  • Industry
  • Variable
Updated:
Classifications used:
  • Industry
  • Variable
Updated:
Classifications used:
  • Industry
  • Variable
Updated:

Future releases

Documentation

Description of the production, used methods and quality of the statistics.

Go to documentation of the statistics

Referencing instructions

Official Statistics of Finland (OSF): Turnover of service industries [online publication].
Reference period: 2022, October. ISSN=1799-0998. Helsinki: Statistics Finland [Referenced: 22.11.2024].
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Statistical experts

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Aki Niskanen
Senior Statistician
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Other experts

Katja Liukkonen
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Tony Valve
Senior Statistician
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