Home > Statistics > Index of turnover of construction > 2019 > October > Turnover of construction enterprises grew by 2.1 per cent in October

Published: 12 December 2019

Turnover of construction enterprises grew by 2.1 per cent in October

Adjusted for working days, turnover of construction enterprises grew by 2.1 per cent from one year back in October. Measured by sales volume, however, turnover decreased by 1.2 per cent. Among the industries, growth occurred in building construction and in specialised construction, while the turnover in civil engineering clearly decreased.

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

Building construction was the strongest construction industry where turnover grew by 4.2 per cent. Building construction was also the only industry where the sales volume developed positively but the growth only amounted to 0.3 per cent. The turnover of specialised construction activities increased by 3.1 per cent while the sales volume decreased by 0.7 per cent. The development was weakest in civil engineering, where turnover declined by 7.4 per cent and sales volume by 7.3 per cent from one year back.

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

Month-on-month changes in turnover and sales volume around zero

Seasonally adjusted turnover in total construction grew by 0.1 per cent from September. The seasonally adjusted sales volume, in turn, went down by 0.1 per cent from one month back.

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: Lauri Pullinen 029 551 3043, Liina Arhosalo 029 551 3612, 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) (12.12.2019)

Revisions in these statistics

• Revisions in these statistics (12.12.2019)

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Updated 12.12.2019