Home > Statistics > Index of turnover of construction > 2008 > May > Turnover of construction enterprises grew by 15.4 per cent in the March to May period

Published: 15 August 2008

Turnover of construction enterprises grew by 15.4 per cent in the March to May period

The turnover of construction enterprises grew by 15.4 per cent in the March to May period of 2008 when compared with the corresponding three-month period of the year before. In May 2008, construction enterprises' turnover grew by 12.9 per cent from the previous May. These data derive from the preliminary index of turnover of construction compiled by Statistics Finland.

In the March to May period the turnover of building construction enterprises grew by 14.9 per cent and that of civil engineering construction enterprises by 17.1 per cent from the corresponding period of the year before.

The sales volume of construction enterprises grew by 8.7 per cent in the March to May period when compared with the corresponding period of the year before. The sales volume of building construction enterprises in the corresponding period grew by 8.7 per cent and that of civil engineering construction enterprises by 8.3 per cent. In May 2008 the sales volume of construction enterprises grew by 6,5 per cent from May 2007. The sales volume of building construction enterprises grew by 6.8 per cent in May and that of civil engineering construction enterprises grew by 4.9 per cent when compared with May 2007.

The volume index of enterprises' sales is calculated by removing the effect of price changes from the turnover index series. Building costs rose by 4.3 per cent from May 2007 to May 2008.

Trends in turnover of construction enterprises

As of the data released at the beginning of May 2008, monthly trend indicators have been calculated with a revised method. The revision affects both the calculation method and the calculation system of the indicators. Data concerning the latest six months may have changed slightly because of the revised calculation method.

The main revisions to the calculation methods of the trend indicators concern the treatment of missing observations from the accumulation period, enterprise openings and closures, and foreign-owned enterprises. Further information on the methodological revision is available from Mr Antti Santaharju, tel. +358 9 1734 2720.

Source: Manufacturing and construction, Index of turnover of construction 2000=100. Statistics Finland

Inquiries: Ms Merja Järvinen +358 9 1734 2232, rakennus.suhdanne@stat.fi

Director in charge: Ms Hannele Orjala

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Last updated 15.8.2008