Preliminary data: Turnover in services grew in May

According to Statistics Finland's preliminary data, the working day adjusted turnover in service industries grew by 15.8 per cent in May 2021 compared with May 2020. The development was partly due to the exceptional situation caused by the coronavirus one year earlier. Services are here examined exclusive of trade.

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

Turnover grew compared with the previous month

According to the preliminary data the seasonally adjusted turnover in service industries grew in May 2021 by 1.3 per cent compared to April. In April, seasonally adjusted turnover grew by 1.2 per cent, while in March, turnover was 0.5 per cent higher than in the month before.

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

The data for the latest month are preliminary and are released at a delay of around four weeks. The data may become significantly revised in coming months.

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

Head of Department in charge: Katri Kaaja

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Appendix tables

Appendix table 1. Annual change in working day adjusted turnover in services (30.6.2021)

Figures

Appendix figure 1. Turnover of service industries, trend series (30.6.2021)

Updated 30.6.2021

Referencing instructions:

Official Statistics of Finland (OSF): Turnover of service industries [e-publication].
ISSN=1799-0998. May 2021. Helsinki: Statistics Finland [referred: 22.12.2024].
Access method: http://www.stat.fi/til/plv/2021/05/plv_2021_05_2021-06-30_tie_001_en.html