Home > Statistics > Index of turnover of construction > 2019 > August > In August, turnover in the construction industry was boosted by specialised construction enterprises

Published: 11 October 2019

In August, turnover in the construction industry was boosted by specialised construction enterprises

The working day adjusted turnover of construction enterprises grew by 2.8 per cent year-on-year in August. Among construction industries, growth was strongest in specialised construction enterprises, where the working day adjusted turnover grew by 5.9 per cent and the sales volume increased by 1.8 per cent compared to August 2018. Even though the turnover of the entire construction industry increased, the sales volume decreased by 0.6 per cent. The sales volume considers the changes in construction prices.

Annual change in working day adjusted turnover and sales volume of construction, August 2019, %

Development was weakest in civil engineering where both the turnover and sales volume decreased from August 2018. Working day adjusted turnover fell by 1.9 per cent and sales volume by 2.7 per cent. Development was also subdued in building construction enterprises in August. Turnover growth was meagre in August, only 1.3 per cent and the sales volume decreased by 2.7 per cent.

Annual change in working day adjusted turnover and sales volume of construction, August 2019, %

Turnover grew, but the sales volume decreased slightly compared to July

Seasonally adjusted turnover in construction grew by 0.3 per cent in August from July. However, the seasonally adjusted sales volume fell by 0.2 per cent from one month ago.

Change in seasonally adjusted turnover and sales volume of construction from the previous month, %

The calculation of indices of turnover of construction is based on the Tax Administration’s data on self-assessed taxes, which are supplemented with Statistics Finland’s sales inquiry. The monthly turnover of construction enterprises can have even large variations due to invoicing practices. The final invoice for major projects may be recorded in the sales of one month, even if the project had required the work of several months or years.

The factors caused by the variation in the number of weekdays are taken into account in adjustment for working days. This means taking into consideration the lengths of months, different weekdays and holidays. In addition, seasonal variation is eliminated from seasonally adjusted series, on account of which it makes sense to compare observations of two successive months as well.

The data for the latest month are preliminary and they may become significantly revised particularly on more detailed industry levels in coming months.

Trends in turnover of construction by industry (TOL 2008)

Source: Index of turnover of construction, Statistics Finland

Inquiries: Liina Arhosalo 029 551 3612, Lauri Pullinen 029 551 3043, rakennus.suhdanne@stat.fi

Director in charge: Mari Ylä-Jarkko

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Appendix tables

• Appendix table 1. Annual change in working day adjusted turnover and sales volume in sectors of construction, % (TOL 2008) (11.10.2019)

Revisions in these statistics

• Revisions in these statistics (11.10.2019)

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Updated 11.10.2019