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

Published: 14 November 2019

Turnover and output in services grew in September

Working day adjusted turnover in service industries grew by 3.7 per cent in September 2019 from September 2018. Service output or volume, from which the impact of prices has been eliminated, grew by 2.5 per cent over the same period. In this year's August, turnover reached a growth of 5.7 per cent, while volume went up by 4.4 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 September 2019, turnover adjusted for working days in accommodation and food service activities developed most rapidly among the main service industries, growing by 7.2 per cent from September 2018. At the same time, the volume of the industry increased by 4.4 per cent. Working day adjusted turnover in administrative and support service activities also reached a good growth of 6.0 per cent in the corresponding period. Measured by volume, in turn, administrative and support service activities (+4.6%) rose slightly higher than the development in accommodation and food service activities.

A more positive development of turnover than average for service industries was also recorded in information and communication, where working day adjusted turnover grew by 4.9 per cent in September 2019 from September 2018. Correspondingly, the volume of the industry increased by 3.8 per cent.

In the biggest industry measured by turnover, that is, transportation and storage, turnover grew by 1.9 per cent from September 2018. The growth of working day adjusted turnover of the industry was clearly weaker than for the whole service industries. The volume of transportation and storage also developed weakly (-0.3%), being the only main service industry to contract from the previous year.

Development of turnover was weakest in professional, scientific and technical activities, where working day adjusted turnover still increased by 1.4 per cent from September 2018. The volume of the industry increased by 2.4 per cent over the same period.

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

Turnover and output contracted from the previous month

Seasonally adjusted turnover in service industries declined in September 2019 by 1.1 per cent compared to August. The output of services, from which the impact of prices has been eliminated, fell by 0.6 per cent over the same period. One month earlier, turnover grew by 0.6 per cent from July 2019. At that time, the volume also grew by 0.4 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, Tony Valve 029 551 3453, palvelut.suhdanne@stat.fi

Director in charge: Mari Ylä-Jarkko

Publication in pdf-format (410.1 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) (14.11.2019)

Figures

• Appendix figure 1. Turnover and volume of service industries, trend series (14.11.2019)
• Appendix figure 2. Turnover and volume of transportation and storage, trend series (14.11.2019)
• Appendix figure 3. Turnover and volume of information and communication, trend series (14.11.2019)
• Appendix figure 4. Turnover and volume of real estate activities, trend series (14.11.2019)
• Appendix figure 5. Turnover and volume of professional, scientific and technical activities, trend series (14.11.2019)
• Appendix figure 6. Turnover and volume of administrative and support service activities, trend series (14.11.2019)

Revisions in these statistics

• Revisions in these statistics (14.11.2019)

---

Updated 14.11.2019