Home > Statistics > Index of turnover of construction > 2020 > October > Turnover of construction enterprises fell slightly in October

Published: 15 December 2020

Turnover of construction enterprises fell slightly in October

Adjusted for working days, turnover of construction enterprises fell by 0.7 per cent in October compared to one year ago. The volume of sales, from which the impact of prices has been eliminated, went down by 0.8 per cent from one year back. The working day adjusted turnover and sales volume of total construction were brought down by the industries of building construction and specialised construction activities, where turnover and sales volume remained lower than one year earlier. The fall was less sharp as good growth continued in civil engineering.

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

Seasonally adjusted turnover in building construction fell in October by 3.5 per cent and sales volume by 4.1 per cent compared to one year ago. Working day adjusted turnover in civil engineering grew by 8.7 per cent and sales volume by 13.0 per cent compared to one year earlier. The working day adjusted turnover of specialised construction activities fell by 0.7 per cent and sales volume by 1.4 per cent from the year before.

Annual change in working day adjusted turnover and sales volume of construction, October 2020, %

Both turnover and sales volume increased compared to September

Seasonally adjusted turnover in construction grew by 0.2 per cent in October compared to September. Seasonally adjusted sales volume grew 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: Lauri Pullinen 029 551 3043, rakennus.suhdanne@stat.fi

Head of Department 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) (15.12.2020)

Revisions in these statistics

• Revisions in these statistics (15.12.2020)

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Updated 15.12.2020