Turnover of construction enterprises grew by 7.9 per cent year-on-year in August to October

According to Statistics Finland, the turnover of construction enterprises increased by 7.9 per cent in the August to October period. In the corresponding period one year earlier the growth amounted to 9.2 per cent. The sales volume of construction grew by 4.1 per cent in August to October.

Three months' year-on-year change in turnover of construction (TOL 2008)

Development was strongest in construction of buildings, where growth amounted 13.1 per cent from the corresponding period last year. The turnover of specialised construction activities also grew 6.6 per cent. Turnover decreased in civil engineering by 2.1 per cent.

The sales volume of construction enterprises grew by 9.3 per cent in construction of buildings and by 3.0 in specialised construction activities in August to October. The sales volume of civil engineering decreased 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.

Industries of enterprises have been revised in the data released in January

Starting from this statistical release the latest industries defined by the Business Register have been taken into use in the turnover and wage and salary indices. The industry corrections are visible as revised data in some of the published industries for the years 2016-2017. The effects of the changes are taken into consideration in statistics production so that no breaks occur in the time series of the published index series. The interpretation of the statistics also remains unchanged in the renewal. Revisions to annual changes in industries are presented under Revisions in these statistics.

Source: Index of turnover of construction 2017, October, Statistics Finland

Inquiries: Liina Arhosalo 029 551 3612, Heli Suonio 029 551 2481, rakennus.suhdanne@stat.fi

Director in charge: Sami Saarikivi

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Appendix tables

Appendix table 1. Development of value and volume of construction, % (TOL 2008) (12.1.2018)

Figures

Appendix figure 1. Trends in turnover of construction by industry (TOL 2008) (12.1.2018)

Revisions in these statistics

Revisions in these statistics (12.1.2018)

Updated 12.1.2018

Referencing instructions:

Official Statistics of Finland (OSF): Index of turnover of construction [e-publication].
ISSN=1798-5935. October 2017. Helsinki: Statistics Finland [referred: 21.11.2024].
Access method: http://www.stat.fi/til/rlv/2017/10/rlv_2017_10_2018-01-12_tie_001_en.html