Turnover of construction decreased by 4.8 per cent in December 2023 from one year ago ago

Release related to topics:Housing and constructionEnterprises
release | Index of turnover of construction 2023, December

Correction

The revision tables and text in the last paragraph of the release concerning sales volume were corrected.
Read more about the correction

Change

The latest industries defined by the Business Register will be adopted in the statistics in February 2024. 
Read more about the change

According to Statistics Finland, the working day adjusted turnover of construction enterprises decreased by 4.8 per cent in December 2023 compared to the previous year. The volume of sales, from which the impact of price changes has been eliminated, went down by 4.7 per cent. The decline in construction was most affected by the weak development of turnover and sales volume in building construction.

Key selections

  • Turnover of construction decreased by 4.8 per cent in December 2023 from one year ago.
  • Sales volume decreased by 4.7 per cent in December 2023 from one year ago.
  • The turnover and sales volume of construction decreased in most industries.

The turnover and sales volume of construction decreased in most industries

In December 2023, working day adjusted turnover in construction of buildings fell by 11.9 per cent and sales volume by 11.8 per cent compared to one year ago. In turn, working day adjusted turnover in civil engineering increased by 5.5 per cent and sales volume by 4.2 per cent from the previous year. Turnover in specialised construction activities went down by 2.1 per cent and sales volume by 2.0 per cent from one year ago.

Seasonally adjusted turnover in construction increased compared to November

Seasonally adjusted turnover in construction increased by 1.7 per cent in December 2023 compared to November. Seasonally adjusted sales volume increased by 1.8 per cent from November.

Change

The latest industries defined by the Business Register will be adopted in the statistics in February 2024. 
Read more about the change

Tables

See key statistical data in the tables.

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

Data revisions

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Revisions to annual changes in working day adjusted turnover in sectors of construction

Revisions to long-term annual changes in working-day adjusted turnover in sectors of construction

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Documentation

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Referencing instructions

Official Statistics of Finland (OSF): Index of turnover of construction [online publication].
Reference period: 2023, December. ISSN=1798-5935. Helsinki: Statistics Finland [Referenced: 22.11.2024].
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Toni Kellinsalmi
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Katri Kaaja
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