Home > Statistics > Turnover of service industries > 2018 > July > Turnover in service industries increased by 5.3 per cent year-on-year in May to July

Published: 15 October 2018

Turnover in service industries increased by 5.3 per cent year-on-year in May to July

According to Statistics Finland, turnover in service industries grew by 5.3 per cent in May to July from the corresponding period of the year before. All service industries grew. Administrative and support service activities (+8.7%) developed most strongly. Professional, scientific and technical activities (+7.3%) and real estate activities (+6.1%) also reached a good growth. Turnover rose most moderately in other service activities (+1.8%). 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 supported by employment activities (+12.8%) and renting and leasing activities (+11.1%). Travel agency and tour operator activities (+8.6%) also brought growth to the industry.

Of the sub-industries of professional, scientific and technical activities, scientific research and development reached a strong growth of 15.5 per cent compared to the corresponding period of the year before. Legal and accounting services as well as management consulting services also developed favourably by 9.2 per cent.

The turnover in transportation and storage activities increased by 4.9 per cent year-on-year. Of its sub-industries, land and rail transport rose by 5.7 per cent and warehousing and support activities for transportation by 4.1 per cent.

Accommodation and food service activities (+4.8%) increased most due to food and beverage service activities growing by 5.7 per cent from the previous year, while the development of accommodation was 1.5 per cent.

The development of the main industry of information and communication (+3.0%) was boosted by information service activities with its 13.4 per cent rise. The development of the industry’s turnover was slowed down by programming and broadcasting activities (-5.2%) and motion picture, video and television programme production, sound recording and music publishing activities (-4.0%).

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: Mari Ylä-Jarkko

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Appendix tables

• Appendix table 1. Year-on-year change in turnover by industry, % (TOL 2008) (15.10.2018)

Figures

• Appendix figure 1. Turnover of service industries, trend series  (TOL 2008) (15.10.2018)
• Appendix figure 2. Turnover of service industries, trend series  (TOL 2008) (15.10.2018)

Revisions in these statistics

• Revisions in these statistics (15.10.2018)

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Updated 15.10.2018