Home > Statistics > Index of turnover of construction > 2022 > January > Turnover of construction grew by 14.5 per cent in January

Published: 14 March 2022

Turnover of construction grew by 14.5 per cent in January

According to Statistics Finland, working day adjusted turnover of construction enterprises grew by 14.5 per cent in January compared to the year before. The volume of sales, from which the impact of price changes has been eliminated, increased by 9.8 per cent. Seasonally adjusted turnover and sales volume in construction started to rise in January compared to December

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

Turnover in construction industries continued to grow in January. Working day adjusted turnover in building construction grew by 14.6 per cent and sales volume by 11.2 per cent compared to one year before. The turnover of civil engineering adjusted for working days grew by 28.7 per cent and sales volume by 14.4 per cent from the previous year. The turnover of specialised construction activities grew by 10.2 per cent and sales volume by 6.9 per cent from the year before.

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

Turnover in construction rose compared to December

Seasonally adjusted turnover in construction went up by 2.0 per cent in January compared to December. Seasonally adjusted sales volume rose in January by 1.7 per cent compared to December.

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: Toni Kellinsalmi 029 551 3801, Lauri Pullinen 029 551 3043, rakennus.suhdanne@stat.fi

Head of Department in charge: Katri Kaaja

Publication in pdf-format (280.8 kB)

Tables

Tables in databases

Pick the data you need into tables, view the data as graphs, or download the data for your use.

• Database tables and their variables
• Archived tables

Appendix tables

• Appendix table 1. Annual change in working day adjusted turnover and sales volume in sectors of construction, % (TOL 2008) (14.3.2022)

Revisions in these statistics

• Revisions in these statistics (14.3.2022)

---

Updated 14.3.2022