Turnover in service industries contracted by 9.1 per cent in August to October

Total turnover generated by service industries fell by 9.1 per cent in the August to October period of 2009 when compared with the respective quarter of the year before. During the previous three-month period that ended in July, turnover in service industries contracted by 8.4 per cent from one year back. Towards the end of the examination period turnover was growing in real estate activities and arts, entertainment and recreation. Services are here examined exclusive of trade and the data have been adjusted for working days by eliminating effects of calendar variations from them.

Turnover in transport and storage fell by 17.6 per cent year-on-year in the August to October period. In the examined period turnover fell in accommodation and food service activities by 4.8 per cent, in information and communication by 6.7 per cent, in professional, scientific and technical activities by 10.9 per cent, and in administrative and support service activities by 6.4 per cent when compared with the respective period of the year before. In the examined period, turnover in other service activities started to decline as well; it was 0.9 per cent lower than in the corresponding three-month-period of 2008. Among the service industries real estate activities continued to be the branch that showed the most growth with a turnover which was 4.7 per cent higher in the examined period than in the corresponding period of the previous year. Turnover in arts, entertainment and recreation grew in the August to October period by 4.0 per cent from the year before.

Year-on-year change in turnover of services, three-month averages adjusted for working days and year-on-year change in latest month, % (TOL 2008)

	Year-on-year change by three-month period % *				Year-on-year change in latest month %**
	11/2008-1/2009	2-4/2009	5-7/2009	8-10/2009	10/2009
Services, total (excl. trade)	1.1	-5.3	-8.4	-9.1	-7.8
Transportation and storage	-4.3	-13.8	-18.8	-17.6	-16.7
- Accommodation and food service activities	2.4	-4.4	-3.4	-4.8	-5.5
Information and communication	2.6	-1.8	-4.1	-6.7	-4.9
Real estate activities	6.2	4.7	4.4	4.7	8.9
Professional, scientific and technical activities	1.7	-5.2	-9.1	-10.9	-11.3
Administrative and support service activities	3.2	-4.4	-3.3	-6.4	-6.2
Arts, entertainment and recreation	9.1	3.5	2.1	4.0	4.4
Other service activities	3.0	2.1	0.8	-0.9	-2.0
*) 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.

Seasonal adjustment models have been revised

The seasonal adjustment models used were revised in connection with the calculation of the indices of turnover for September. The revisions influenced seasonally adjusted and trend series, but not the original or working-day adjusted time series. The change percentages calculated from the original series were thus only slightly revised, and this was due to new data having become available. For more detailed information about the revised treatment of seasonal adjustment, see http://tilastokeskus.fi/ajk/tiedotteet/2009/tiedote_019_2009-12-08.html.

Source: Turnover of service industries 2009, October. Statistics Finland

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

Director in charge: Hannele Orjala

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Last updated 15.1.2010

Referencing instructions:

Official Statistics of Finland (OSF): Turnover of service industries [e-publication].
ISSN=1799-0998. October 2009. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/plv/2009/10/plv_2009_10_2010-01-15_tie_001_en.html