Turnover in service industries fell by 0.6 per cent in January 2024

Release related to topics:Enterprises
release | Turnover of service industries 2024, January

Correction

The figure missing from the English publication of the statistics was added.
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Change

New database tables are published and old database tables are archived in the statistics on turnover of service industries.
Read more about the change

Change

The base year of the statistics is updated from 2015 to 2021.
Read more about the change

According to Statistics Finland, working day adjusted turnover in service industries fell by 0.6 per cent in January 2024 from January 2023. Service output or volume, from which the impact of prices has been eliminated, fell by 3.5 per cent over the same period. In December 2023, turnover grew by 0.6 per cent and volume fell by 2.2 per cent. Services are here examined exclusive of trade.

Key selections

  • Working day adjusted turnover and volume in main service industries fell in January 2024.
  • Turnover decreased most in the main industry of transportation and storage.
  • Volume was falling in all main industries of services.

Volume falling in service industries

In service industries, growth in January 2024 was strongest in other service activities, where turnover increased by 2.9 per cent from January 2023. Working day adjusted turnover in accommodation and food service activities was 2.0 per cent higher than in January 2023, while volume went down by 1.3 per cent. Working day adjusted turnover in information and communication activities rose by 1.9 per cent in January 2024 from one year back. At the same time, the volume of the industry fell by 0.9 per cent.

The working day adjusted turnover of real estate activities rose by 1.7 per cent and volume fell by 1.1 per cent from January 2023. In the industry of arts, entertainment and recreation, working day adjusted turnover grew by 0.6 per cent from January 2023. Working day adjusted turnover in administrative and support service activities fell by 0.3 per cent in January 2024 from one year back. At the same time, the volume of the industry decreased strongly by 8.3 per cent.

Working day adjusted turnover in professional, scientific and technical activities fell by 0.7 per cent and volume by 4.2 per cent from January 2023. Among the main service industries, the development was weakest in January 2024 in transportation and storage, where working day adjusted turnover fell by 4.6 per cent and volume by 4.2 per cent.

Turnover grew and output fell from the previous month

Seasonally adjusted turnover in services rose by 0.8 per cent in January 2024 compared to December. Service output or volume, from which the impact of prices has been eliminated, fell by 0.2 per cent over the same period. In December 2023, turnover rose by 1.1 per cent and volume by 0.6 per cent from November.

Change

New database tables are published and old database tables are archived in the statistics on turnover of service industries.
Read more about the change

Change

The base year of the statistics is updated from 2015 to 2021.
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)

Database tables

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New database tables
Classifications used:
  • Industry
  • Variable
Reference period cycle:
month
Updating frequency:
month
Updated:
Classifications used:
  • Industry
  • Variable
Reference period cycle:
quarter
Updating frequency:
month
Updated:
Classifications used:
  • Industry
  • Variable
Reference period cycle:
half year
Updating frequency:
month
Updated:
Classifications used:
  • Industry
  • Variable
Reference period cycle:
year
Updating frequency:
month
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: 2024, January. ISSN=1799-0998. Helsinki: Statistics Finland [Referenced: 25.11.2024].
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Statistical experts

Inquiries primarily

Aki Niskanen
Senior Statistician
029 551 2657

Other experts

Katja Liukkonen
Statistician
029 551 3515
Tony Valve
Senior Statistician
029 551 3453

Head of Department in charge

Katri Kaaja
Head of Department in charge
029 551 3488