Home > Statistics > Index of turnover of construction > 2010 > January > Turnover of construction enterprises contracted by 11 per cent in the November to January period

Published: 14 April 2010

Turnover of construction enterprises contracted by 11 per cent in the November to January period

According to Statistics Finland, the turnover of construction enterprises fell by 11.0 per cent in the November to January period from the corresponding period twelve months back. In the November to January period, turnover decreased by 8.6 per cent in the construction of buildings, by 14.4 per cent in civil engineering and by 12.3 per cent in specialised construction activities.

In January 2010, construction enterprises' turnover contracted by 12.4 per cent from the previous year. The contraction was strongest in civil engineering where turnover fell by 15.3 per cent in January. In specialised construction activities the decrease from the corresponding time period of the previous year amounted to 12.2 per cent and in the construction of buildings to 11.7 per cent. These data derive from the preliminary index of turnover of construction compiled by Statistics Finland.

Year-on-year change in turnover in the 11/2009 - 1/2010 and 11/2008 - 1/2009 time periods, % (TOL 2008)

The sales volume of construction enterprises shrunk by 5.0 per cent year-on-year in the November to January period. The sales volume of building construction enterprises fell by 1.4 per cent, that of specialised construction activities by 5.4 per cent and that of civil engineering by 15.1 per cent.

In January 2010, the sales volume of construction enterprises fell by 5.3 per cent from January 2009. In January, the sales volume of building construction enterprises fell by 3.4 per cent, that of specialised construction activities by 3.9 per cent and the sales volume of civil engineering enterprises by 16.3 per cent. The volume index of enterprises' sales is calculated by removing the effect of price changes from the turnover index series.

In January 2010, the costs of building construction fell by 0.4 per cent while those of civil engineering rose by 1.3 per cent from January 2009.

Tax account reform causes revisions to the data of turnover indices

Starting from data on January 2010, the turnover indices will be compiled from data on the periodic tax returns allowed in the Tax Administration's tax account reform. According to our analysis the impact on these statistics from the implemented tax account reform will remain quite minor. However, slightly less data than before will be available for January 2010, which may mean that the January time series of the turnover indices become slightly revised in future releases. Information about the tax account reform is also available on the Tax Administration's website at: www.vero.fi

Source: Index of turnover of construction, January 2010. Statistics Finland

Inquiries: Ulla Virtanen +358 9 1734 3331, rakennus.suhdanne@stat.fi

Director in charge: Hannele Orjala

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Last updated 14.4.2010