Home > Statistics > Index of turnover of construction > 2009 > May > Turnover of construction enterprises contracted by nearly 17 per cent in the March to May period

Published: 14 August 2009

Turnover of construction enterprises contracted by nearly 17 per cent in the March to May period

The turnover of construction enterprises fell by 16.8 per cent in the March to May period when compared with the corresponding three-month period of the year before. In May 2009, construction enterprises' turnover contracted by 22.2 per cent from the previous year. Examined by the revised standard industrial classification TOL 2008, the turnover of enterprises engaged in the construction of buildings contracted by 27.3 per cent, that of enterprises engaged in civil engineering by 15.7 per cent, and that of enterprises engaged in specialised construction activities by 18.9 per cent in May when compared with the corresponding period of the year before. These data derive from the preliminary index of turnover of construction compiled by Statistics Finland.

The sales volume of construction enterprises fell by 17.8 per cent year-on-year in the March to May period. Over the same period, the sales volume of building construction enterprises fell by 22.9 per cent, that of specialised construction enterprises by 15.6 per cent and that of civil engineering enterprises by 9.8 per cent.

In May 2009, the sales volume of construction enterprises fell by 22.3 per cent from May 2008. The sales volume of building construction enterprises fell in May by 28.3 per cent, that of civil engineering enterprises by 13.2 per cent, and that of specialised construction enterprises by 19.8 per cent from May 2008.

The volume index of enterprises' sales is calculated by removing the effect of price changes from the turnover index series. In May 2009, the costs of building construction fell by 1.2 per cent and those of civil engineering by 2.8 per cent from the corresponding period in 2008.

Annual changes in turnover of construction enterprises (%), December 2008 - May 2009, (TOL 2008)

The revised TOL 2008 standard industrial classification and base year 2005=100 were adopted in these statistics starting from data concerning January 2009. 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, May 2009. Statistics Finland

Inquiries: Mr Kaj Isaksson +358 9 1734 2969, Ms Merja Järvinen +358 9 1734 2458, rakennus.suhdanne@stat.fi

Director in charge: Ms Hannele Orjala

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Last updated 14.8.2009