Home > Statistics > Index of turnover of construction > 2010 > March > Turnover of construction enterprises contracted by nearly seven per cent in the January to March period

Published: 15 June 2010

Turnover of construction enterprises contracted by nearly seven per cent in the January to March period

The turnover of construction enterprises fell by 6.7 per cent in the first quarter of the year when compared with the corresponding quarter twelve months back. In the respective period turnover decreased by 4.2 per cent in construction of buildings, by 19.1 per cent in civil engineering and by 5.6 per cent in specialised construction activities.

Year-on-year change in turnover in the 12/2009– 2/2010 and 12/2008–2/2009 time periods, % (TOL 2008)

The sales volume of construction enterprises increased by 1.8 per cent in the January to March period compared with the first quarter of 2009. Over the same period, the sales volume of building construction enterprises grew by 5.6 per cent, that of civil engineering contracted by 20.5 per cent and that of specialised construction activities rose by 4.1 per cent.

The volume index of enterprises’ sales is calculated by removing the effect of price changes from the turnover index series.

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. Further information about the impacts of the changes in the data on the turnover indices can be found under Revisions in these statistics . 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, Statistics Finland

Inquiries: Ulla Virtanen (09) 1734 3331, rakennus.suhdanne@stat.fi

Director in charge: Hannele Orjala

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Appendix tables

• Three-month moving change and change in the latest month, year-on-year, % (TOL 2008) (15.6.2010)

Figures

• Turnover of construction (TOL 2008) (15.6.2010)

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Updated 15.6.2010