Home > Statistics > Index of turnover of construction > 2021 > September > Turnover of construction grew by 8.3 per cent in September

Published: 12 November 2021

Turnover of construction grew by 8.3 per cent in September

According to Statistics Finland, working day adjusted turnover of construction enterprises grew by 8.3 per cent in September compared to the year before. The volume of sales, from which the impact of price changes has been eliminated, increased by 6.0 per cent. Turnover adjusted for working days continued to grow in all construction industries.

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

Among construction industries, turnover grew strongest in civil engineering, where working day adjusted turnover increased by 11.1 per cent from one year ago. The sales volume in the industry grew by 2.0 per cent. The lower growth in the sales volume compared to turnover is explained by the risen costs of civil engineering in September. Working day adjusted turnover in building construction grew by 6.4 per cent and sales volume by 5.2 per cent compared to one year ago. The working day adjusted turnover of specialised construction activities grew by 9.1 per cent and sales volume by 7.8 per cent from the year before.

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

Turnover in construction grew compared to August

Seasonally adjusted turnover in construction grew by 0.5 per cent in September compared to August. Seasonally adjusted sales volume grew by 0.4 per cent 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)

Source: Index of turnover of construction, Statistics Finland

Inquiries: Lauri Pullinen 029 551 3043, Heli Suonio 029 551 2481, rakennus.suhdanne@stat.fi

Head of Department in charge: Katri Kaaja

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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) (12.11.2021)

Revisions in these statistics

• Revisions in these statistics (12.11.2021)

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Updated 12.11.2021