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Published: 14 June 2019

Turnover and output in services grew in April

Working day adjusted turnover in service industries grew by 5.7 per cent in April 2019 from April 2018. Service output i.e. volume, from which the impact of prices has been eliminated, grew by 4.1 per cent over the same period. In March 2019, turnover reached a growth of 4.2 per cent, while volume then went up by 2.8 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 April 2019, the strongest growth among the main service industries was recorded in other service activities and the industry of information and communication activities, in both of which working day adjusted turnover reached a 7.3 per cent growth from April 2018. The volume of the industry of information and communication activities went up by 5.6 per cent over the same period.

The 6.1 per cent increase in the working day adjusted turnover in administrative and support service activities from April 2018 helped boost the growth in service industries to faster than average. In April 2019, administrative and support service activities had the highest volume growth among service industries, 6.4 per cent year-on-year.

Measured by volume, the development was weakest in the industry of transport and storage in April 2019, the working day adjusted turnover grew by 5.5 per cent from April 2018.

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

Turnover grew more strongly than output compared with the previous month

Seasonally adjusted turnover in service industries increased in April 2019 by 1.3 per cent compared with March. The output of services, from which the impact of prices has been eliminated, grew by 0.8 per cent over the same period. One month earlier, turnover decreased by 0.4 per cent from February 2019, while the volume declined by 0.3 per cent.

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

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Appendix tables

• Appendix table 1. Annual change in working day adjusted turnover and volume in sectors of services, % (TOL 2008) (14.6.2019)

Figures

• Appendix figure 1. Turnover and volume of service industries, trend series (14.6.2019)
• Appendix figure 2. Turnover and volume of transportation and storage, trend series (14.6.2019)
• Appendix figure 3. Turnover and volume of information and communication, trend series (14.6.2019)
• Appendix figure 4. Turnover and volume of real estate activities, trend series (14.6.2019)
• Appendix figure 5. Turnover and volume of professional, scientific and technical activities, trend series (14.6.2019)
• Appendix figure 6. Turnover and volume of administrative and support service activities, trend series (14.6.2019)

Revisions in these statistics

• Revisions in these statistics (14.6.2019)

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Updated 14.6.2019