Home > Statistics > Index of turnover in industry > 2009 > August > Turnover in manufacturing contracted by 26 per cent in June to August from the year before

Published: 13 November 2009

Turnover in manufacturing contracted by 26 per cent in June to August from the year before

According to Statistics Finland, turnover in manufacturing was 26.3 per cent lower in the June to August period than in the corresponding period of the year before. Domestic sales contracted by 23.8 per cent and export turnover by 28.3 per cent from one year ago.

Turnover contracted in all manufacturing industries in the June to August period. The smallest contraction was recorded in the food industry (-2.1%). In other manufacturing industries turnover contracted considerably more. The declines were steepest in the chemical industry (-32.0 %) and in the metal industry (-30.1%).

Annual change in turnover in selected manufacturing industries during 06/2009-08/2009, % (TOL 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 for 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.

Source: Index of turnover in industry, August 2009. Statistics Finland

Inquiries: Ulla Virtanen +358 9 1734 3331, Soile Väisänen +358 9 1734 2232, volyymi.indeksi@stat.fi

Director in charge: Hannele Orjala

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Last updated 5.2.2010