Index of turnover in industry

Producer: Statistics Finland
Homepage: http:// www.stat.fi/til/tlv/index_en.html
Main topic: Manufacturing
Related topics: Enterprises
Official Statistics of Finland (OSF): Yes
European Statistical System (ESS): Yes

Description

The index of turnover in industry describes development in the turnover of manufacturing enterprises. Turnover for the largest enterprises in their respective industries is described with the data collected with the sales inquiry while the data on sales obtained from the Tax Administration's self-assessed tax data are exploited to describe the turnover of other enterprises. Turnover is exclusive of value added tax. The index is calculated separately for turnover, domestic turnover and export turnover.

The calculation is based on estimation of change. Sums by industry are calculated from information on the enterprises with comparable data on turnover from both the examined month and the corresponding month of the previous year. These sums are used to calculate annual changes by industry. Calculation of the annual changes also takes into consideration enterprise openings and closures, as well as restructuring and change of activity. The annual changes thus obtained are used to raise the turnover index of the corresponding month of the previous year. The latest index figures may become slightly revised as the volume of data grows and enterprises report changes to their data. Due to supplementations the data will become updated in releases for over twelve months. Time series models have been used to aid in the calculation of the most recent month’s indices. This reduces the revision caused by the slow accumulation of data. The statistics and indices complied from the data are public under the proviso that no individual enterprise’s data can be identified from them.

Data content

The index of turnover in industry is published for the following industries:

B Mining and quarrying

07 Mining of metal ores
08 Other mining and quarrying
09 Mining support service activities

C Manufacturing

10 Manufacture of food products
11 Manufacture of beverages
13 Manufacture of textiles
14 Manufacture of wearing apparel
15 Manufacture of leather and related products
16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
17 Manufacture of paper and paper products
18 Printing and service activities related to printing
23 Manufacture of other non-metallic mineral products
24 Manufacture of basic metals
25 Manufacture of fabricated metal products
28 Manufacture of machinery and equipment n.e.c.
29 Manufacture of motor vehicles, trailers and semi-trailers
31 Manufacture of furniture
32 Other manufacturing
33 Repair and installation of machinery and equipment

D Electricity, gas, steam and air conditioning supply

35 Electricity, gas, steam and air conditioning supply

E Water supply; sewerage, waste management and remediation activities

36 Water collection, treatment and supply
37 Sewerage
38 Waste collection, treatment and disposal activities; materials recovery
39 Remediation activities and other waste management services

Groups describing total industry

Mining and manufacturing (BC)
Total industry excl. Water supply; sewerage, waste management and remediation activities (BCD)
Total industry (BCDE)
Manufacturing (new orders 13, 14, 17, 20, 21, 24-30)

Other groups and main industrial groupings

Food industry (10-12)
Textile, clothing and leather industry (13-15)
Forest industry (16-17)
Chemical industry (19-22)
Electronic and electrical industry (26-27)

Metal industry (24-30)

Raw materials and productive goods (MIG): 7-9, 10.6, 10.9, 13.1-13.3, 16, 17, 20.1-20.3, 20.5, 20.6, 22-24, 25.5-25.7, 25.9, 26.1, 26.8, 27.1-27.4, 27.9
Investment goods (MIG): 25.1-25.4, 26.2, 26.3, 26.5, 26.6, 28, 29, 30.1-30.4, 32.5, 33 Durable goods (MIG): 26.4, 26.7, 27.5, 30.9, 31, 32.1, 32.2
Other consumer goods (MIG): 10.1-10.5, 10.7, 10.8, 11, 12, 13.9, 14, 15, 18, 20.4, 21, 32.3, 32.4, 32.9

Indices are not published on the turnover of industry categories:

19 Manufacture of coke and refined petroleum products
20 Manufacture of chemicals and chemical products
21 Manufacture of basic pharmaceutical products and pharmaceutical preparations
22 Manufacture of rubber and plastic products
26 Manufacture of computer, electronic and optical products
27 Manufacture of electrical equipment
30 Manufacture of other transport equipment

However, the data on this industries are included in the figures on all manufacturing industries and main industrial groupings.

Indices of turnover are also published for the sub-industries of construction, trade and other services.

Classifications used

Standard Industrial Classification 2008.

Data collection methods and data sources

The indices on turnover are based on the Tax Administration’s self-assessed tax data and on Statistics Finland's sales inquiry. The Tax Administration’s data cover all enterprises that are liable for value added tax and pay wages and salaries regularly. The material comprises data collected in connection with the value added tax payment and reporting procedure. The sales inquiry mainly asks about turnover at the enterprise level, but to improve purity by industry, enterprises operating in multiple industries are divided into industry-specific units. Basic information on enterprises, such as that on their industry obtained from Statistics Finland’s Register of Enterprises and Establishments is also used in the index calculations.

Data collections

Updating frequency

Monthly.

Time of completion or release

Approximately 45 days from the end of the statistical reference time period.

Time series

Available starting from 1995. The base year of the time series is 2015 (2015=100).

Keywords

branches, business cycles, business enterprises, businesses, companies, corporations, economic fluctuation, enterprises, exports, firms, indices, industries, manufacturing, turnover

Contact information

http://tilastokeskus.fi/til/tlv/yht_en.html

Last updated 12.03.2019