Published: 15 July 2021

Turnover of construction enterprises grew in May

According to Statistics Finland, working day adjusted turnover of construction enterprises increased by 7.9 per cent in May compared to the year before. The volume of sales, from which the impact of prices has been eliminated, increased by 7.2 per cent. Turnover grew strongly in civil engineering in particular.

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

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

The working day adjusted turnover in building construction grew by 3.7 per cent and sales volume by 4.2 per cent compared to one year ago. Turnover of civil engineering adjusted for working days increased by 24.8 per cent and sales volume by 14.0 per cent year-on-year. The working day adjusted turnover of specialised construction activities grew by 6.8 per cent and sales volume by 7.3 per cent from the year before.

Annual change in working day adjusted turnover and sales volume of construction, May 2021, %

Annual change in working day adjusted turnover and sales volume of construction, May 2021, %

Both turnover and sales volume increased compared to April

Seasonally adjusted turnover in construction grew by 1.8 per cent in May compared to April. Seasonally adjusted sales volume grew by 1.5 per cent from the previous month.

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

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 are released at a delay of around six weeks. The data may become significantly revised particularly on more detailed industry levels in coming months.

Trends in turnover of construction by industry (TOL 2008)

Trends in turnover of construction by industry (TOL 2008)

Source: Index of turnover of construction, Statistics Finland

Inquiries: Maija Sappinen 029 551 3348, Aleksi Paavonen 029 551 3762, rakennus.suhdanne@stat.fi

Head of Department in charge: Katri Kaaja

Publication in pdf-format (276.7 kB)

Tables

Tables in databases

Appendix tables

Revisions in these statistics

Updated 15.07.2021

Referencing instructions:

Official Statistics of Finland (OSF): Index of turnover of construction [e-publication].
ISSN=1798-5935. May 2021. Helsinki: Statistics Finland [referred: 25.7.2021].
Access method: http://www.stat.fi/til/rlv/2021/05/rlv_2021_05_2021-07-15_tie_001_en.html