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Published: 30 November 2017

Turnover of large enterprises grew in October

According to Statistics Finland's preliminary data, the seasonally adjusted turnover of large enterprises grew by 0.3 per cent in October 2017 compared with September. In September, seasonally adjusted turnover grew by 0.4 per cent, while in August, turnover was 0.1 per cent higher than in the month before.

Seasonally adjusted change in the turnover of large enterprises from the previous month, %

The unadjusted turnover of large enterprises grew by 7.6 per cent in October 2017 compared with October 2016. The turnover of large enterprises grew by 6.7 per cent in January to October from one year ago.

Annual change in the turnover of large enterprises, %

Turnover estimate of large enterprises will adopt base year 2015=100 from the January 2018 data. Data using the new base year will be published for the first time in February 2018.

The turnover estimate of large enterprises is based on a sample formed of 2,000 enterprises with the most significant turnover in manufacturing, construction, trade and other service industries. Excluded from the statistics are enterprises engaged in primary production, and bank and insurance activities.

The enterprises described in the statistics make up nearly 70 per cent of the turnover of all enterprises operating in Finland, represent more than one-half of the investments made and employ good 40 per cent of the personnel of all enterprises.

The data can be used for short-term monitoring of development in business activities and the market. The economic situation of the whole enterprise sector cannot be assessed solely based on these statistics, because the economic development of smaller enterprises may differ from large enterprises.

More detailed data on the development of various industries are published monthly on the home pages of business trend indicators.

Source: Turnover estimate of large enterprises, Statistics Finland

Inquiries: Aki Niskanen 029 551 2657, Milka Suomalainen 029 551 2912, palvelut.suhdanne@stat.fi

Director in charge: Sami Saarikivi

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Appendix tables

• Appendix table 1. Year-on-year change of large enterprises, % (30.11.2017)

Figures

• Appendix figure 1. Year-on-year change of large enterprises, trend series (30.11.2017)

Revisions in these statistics

• Revisions in these statistics (30.11.2017)

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Updated 30.11.2017