Home > Statistics > Index of turnover of construction > 2008 > November > Growth in turnover of construction enterprises slowed down to 5 per cent in the September to November period

Published: 13 February 2009

Growth in turnover of construction enterprises slowed down to 5 per cent in the September to November period

The turnover of construction enterprises grew by 5,3 per cent in the September to November period of 2008 when compared with the corresponding three-month period of the year before. In November 2008 construction enterprises' turnover fell by 3.3 per cent from the previous November. These data derive from the preliminary index of turnover of construction compiled by Statistics Finland.

In the September to November period the turnover of building construction enterprises grew by 3 per cent and that of civil engineering construction enterprises by 11,8 per cent from the corresponding period of the year before.

The sales volume of construction enterprises fell by 0,3 per cent in the September to November period when compared with the same period of the year before. The sales volume of building construction enterprises in the corresponding period fell by 1,2 per cent and that of civil engineering construction enterprises grew by 3,1 per cent. In November 2008 the sales volume of construction enterprises fell by 7,8 per cent from November 2007. The sales volume of building construction enterprises fell by 8,7 per cent in November and that of civil engineering enterprises fell by 4,2 per cent when compared with November 2007.

The volume index of enterprises' sales is calculated by removing the effect of price changes from the turnover index series. The costs of building construction increased by 2,5 per cent from November 2007 to November 2008 and those of civil engineering construction increased by 6,1 per cent.

Annual changes in turnover of construction enterprises (%), July-November 2008

Starting from data concerning January 2009, the revised TOL 2008 standard classification of industries and base year 2005=100 will be introduced in these statistics. A news item about the adoption of TOL 2008 in statistics describing turnover in construction is posted on the home page of the statistics.

Source: Index of turnover of construction, November 2008. Statistics Finland

Inquiries: Mr Kaj Isaksson +358 9 1734 3633, Ms Merja Järvinen +358 9 1734 2458, rakennus.suhdanne@stat.fi

Director in charge: Ms Hannele Orjala

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Last updated 13.2.2009