Home > Statistics > Turnover of service industries > 2008 > February > Turnover in service industries went up by 10,6 per cent in the December to February period

Published: 15 May 2008

Turnover in service industries went up by 10,6 per cent in the December to February period

Service industries generated 10,6 per cent more turnover in the December 2007 to February 2008 period than in the respective time period of the year before. In the previous three-month period that ended in November their turnover increased by 8,9 per cent. Services are here examined exclusive of trade and the data on turnover have been adjusted for working days by eliminating effects of calendar variations from them.

Among the main service industries, turnover grew fastest in real estate, renting and business activities where it was up by 14,4 per cent on the corresponding time period of the previous year. In hotel and restaurant activities, turnover increased by 8,4 per cent in the latest three-month period. The growth of turnover in transport, storage and communication activities amounted to 8,4 per cent in the December 2007 to February 2008 period. In other community, social and personal services activities turnover went up by 12,3 per cent.

Year-on-year change in turnover of services, three-month averages adjusted for working days, %

	Year-on-year changes by three-month period %
	3-5/2007	6-8/2007	9-11/2007	12/2007-2/2008
Services, total (excl. trade)	9,5	8,9	8,9	10,6
- Hotels and restaurants	6,7	6,5	6,3	8,4
- Transport, storage and communication	7,2	6,3	6,8	8,4
- Real estate, renting and business activities	13,3	13,1	11,8	14,4
- Other community, social and personal service activities	8,5	8,2	8,2	12,3
*) Year-on-year change by three-month period compares the value for a period of three statistical reference months to the value for the corresponding three-month period of the previous year.

As of the data released at the beginning of May 2008, monthly trend indicators will have been calculated with a revised method. The revision affects both the calculation method and the calculation system of the indicators. Data concerning the latest six months may change slightly because of the revised calculation method.

The main revisions to the calculation methods of the trend indicators concern the treatment of missing observations from the accumulation period, enterprise openings and closures, and foreign-owned enterprises. Further information on the methodological revision is available from Mr Antti Santaharju, tel.+358 9 1734 2720.

Source: Monthly trend indicators 2008, February. Statistics Finland

Inquiries: Ms Katja Äijö +358 9 1734 2659, palvelut.suhdanne@stat.fi

Director in charge: Ms Hannele Orjala

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Last updated 15.5.2008