Home > Statistics > Turnover of service industries > 2017 > October > Turnover in service industries increased by 6.7 per cent year-on-year in August to October

Published: 12 January 2018

Turnover in service industries increased by 6.7 per cent year-on-year in August to October

According to Statistics Finland, turnover in service industries grew by 6.7 per cent in August to October from the corresponding period of the year before. Administrative and support service activities grew strongest, reaching 11.6 per cent. The biggest service industry, transportation and storage, increased its turnover by 7.5 per cent. Professional, scientific and technical activities also attained faster growth than average for service industries. Services are here examined exclusive of trade.

Three months' year-on-year change in turnover in services  (TOL 2008)

Administrative and support service activities were boosted most by employment activities (+18.6%) and renting and leasing activities (+18.5%). Travel agency, tour operator and other reservation service also rose by 12.5 per cent from the corresponding period one year ago.

Of the sub-industries of transportation and storage, land transport grew by 5.5 per cent and warehousing and support activities for transportation by 9.6 per cent.

Growth in professional, scientific and technical activities (+7.3 %) was boosted by the sub-industry of other professional, scientific and technical activities (+15 %). Scientific research and development brought a fall of three per cent to the industry.

The industry of accommodation and food service activities rose due to an 8.5 per cent growth in accommodation. Food and beverage service activities grew by 4.3 per cent.

Turnover in service industries will adopt base year 2015=100 from the January 2018 data. Data using the new base year will be published for the first time in 12.4.2018.

Industries of enterprises have been revised in the data released in January

Starting from this statistical release the latest industries defined by the Business Register have been taken into use in the turnover and wage and salary indices. The industry corrections are visible as revised data in some of the published industries for the years 2016–2017. The effects of the changes are taken into consideration in statistics production so that no breaks occur in the time series of the published index series. The interpretation of the statistics also remains unchanged in the renewal. Revisions to annual changes in industries are presented under Revisions in these statistics.

Source: Turnover of service industries, Statistics Finland

Inquiries: Aki Niskanen 029 551 2657, Katja Liukkonen 029 551 3515, palvelut.suhdanne@stat.fi

Director in charge: Sami Saarikivi

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Appendix tables

• Appendix table 1. Year-on-year change in turnover by industry, % (TOL 2008) (12.1.2018)

Figures

• Appendix figure 1. Turnover of service industries, trend series  (TOL 2008) (12.1.2018)
• Appendix figure 2. Turnover of service industries, trend series  (TOL 2008) (12.1.2018)

Revisions in these statistics

• Revisions in these statistics (12.1.2018)

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Updated 12.1.2018