Home > Statistics > Turnover of service industries > 2019 > March > Turnover and output in services grew in March

Published: 15 May 2019

Turnover and output in services grew in March

Working day adjusted turnover in service industries grew by 2.9 per cent in March 2019 from March 2018. Service output i.e. volume, from which the impact of prices has been eliminated, grew by 1.9 per cent over the same period. In February 2019, turnover reached a growth of 5.7 per cent, while volume then went up by 4.6 per cent from one year back. Services are here examined exclusive of trade.

Annual change in working day adjusted turnover and volume of service industries, %

In March 2019, the strongest growth among the main service industries was recorded in administrative and support service activities, where turnover adjusted for working days grew by 5.8 per cent and the volume by 6.1 per cent from March 2018. Turnover in professional, scientific and technical activities also developed favourably reaching a 4.0 per cent growth from one year ago. Correspondingly, the volume of the industry grew by 3.0 per cent.

Also, information and communication service activities, where working-day adjusted turnover grew by 3.3 per cent, and transportation and storage activities, where working-day adjusted turnover grew by 3.2 per cent, grew faster than the average growth for service industries. The respective volume growth figures were 1.9 per cent and 0.1 per cent.

Measured by volume, administrative and support service activities grew in March fastest of service industries. The development of accommodation and food service activities was weakest over the same period measured by volume.

Annual change in working day adjusted turnover and volume of service industries, March 2019, % (TOL 2008)

Turnover fell more strongly than output compared with the previous month

Seasonally adjusted turnover in service industries declined in March 2019 by 1.5 per cent compared to February. The output of services, from which the impact of prices has been eliminated, fell by 0.9 per cent over the same period. One month earlier turnover grew by 0.7 per cent from January 2019, while the volume reached a 0.8 per cent increase.

Change in seasonally adjusted turnover and volume from the previous month of service industries , %

The data for the latest month are preliminary and they may become significantly revised particularly on more detailed industry levels in coming months. The volume of service industries is calculated by eliminating the effect of price changes from the turnover index.

The factors caused by the variation in the number of weekdays are taken into account in adjustment for working days. This means taking into consideration the lengths of months, different weekdays and holidays. In addition, seasonal variation is eliminated from seasonally adjusted series, on account of which it makes sense to compare observations of two successive months as well.

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

Publication in pdf-format (384.8 kB)

Tables

Tables in databases

Pick the data you need into tables, view the data as graphs, or download the data for your use.

• Database tables and their variables
• Archived tables

Appendix tables

• Appendix table 1. Annual change in working day adjusted turnover and volume in sectors of services, % (TOL 2008) (15.5.2019)

Figures

• Appendix figure 1. Turnover and volume of service industries, trend series (15.5.2019)
• Appendix figure 2. Turnover and volume of transportation and storage, trend series (15.5.2019)
• Appendix figure 3. Turnover and volume of information and communication, trend series (15.5.2019)
• Appendix figure 4. Turnover and volume of real estate activities, trend series (15.5.2019)
• Appendix figure 5. Turnover and volume of professional, scientific and technical activities, trend series (15.5.2019)
• Appendix figure 6. Turnover and volume of administrative and support service activities, trend series (15.5.2019)

Revisions in these statistics

• Revisions in these statistics (15.5.2019)

---

Updated 15.5.2019