Home > Statistics > Index of turnover in industry > 2008 > April > Turnover in manufacturing increased by 8.7 per cent in February to April form the year before

Published: 25 July 2008

Turnover in manufacturing increased by 8.7 per cent in February to April form the year before

According to Statistics Finland, turnover in manufacturing in the February to April period was 8.7 per cent higher than in the corresponding period of the year before. Domestic sales grew by 10.5 per cent and export turnover by 7.5 per cent from one year ago.

In February to April, turnover grew most in the chemical industry, by 22.0 per cent, and in the manufacture of machinery and equipment, by 18.5 per cent. Turnover grew briskly in all sub-industries of the metal industry apart from manufacture of basic metals, whose turnover contracted by 3.5 per cent from the year before. Of the other major industries, turnover in energy and water supply grew by 7.5 per cent and that in the wood and paper industry fell by 4.3 per cent from the year before.

Annual change in turnover in all manufacturing and in selected manufacturing industries during 02/2008-04/2008, %

The Index of turnover in industry describes enterprises whose main industry is manufacturing. The calculation of the indices is based on the Tax Administration's value added tax data which are supplemented with data obtained with Statistics Finland's sales inquiry. The monthly turnovers of manufacturing enterprises can vary considerably, especially in the metal industries. The variation is mainly due to invoicing practices. The final invoice of major machinery deliveries and projects may be recorded in the sales of one month, even if the delivery had required the work of several months or years.

As of the data released at the beginning of May 2008, monthly trend indicators have been calculated with a revised method. The revision affects both the calculation method and the calculation system.

The main revisions to the calculation methods concern the treatment of missing observations from the accumulation period, enterprise openings and closures, and foreign-owned enterprises. Further information on the methodological revision is available from Mr Antti Santaharju, tel. +358 9 1734 2720.

Source: Monthly trend indicators 2008, April. Statistics Finland

Inquiries: Mr Matti Paavonen +358 9 1734 3553, Ms Merja Järvinen +358 9 1734 2458, volyymi.indeksi@stat.fi

Director in charge: Ms Hannele Orjala

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Last updated 25.7.2008