Home > Statistics > Index of turnover in industry > 2011 > July > Turnover in manufacturing grew by 8 per cent in May to July from the year before

Published: 26 October 2011

Turnover in manufacturing grew by 8 per cent in May to July from the year before

According to Statistics Finland, turnover in manufacturing in the May to July period was 8.1 per cent higher than in the corresponding period of the year before. Domestic sales grew by 11.5 per cent and export turnover by 5.5 per cent from one year ago.

Annual change in turnover in selected manufacturing industries during 5/2011–7/2011 and 5/2010–7/2010, % (TOL 2008)

Turnover went up from the corresponding period of the previous year in nearly all sub-industries. The growth was strongest in the chemical industry (26.7%) and in the textile, clothing and leather industry (11.1%). In contrast, turnover contracted slightly in the forest industry (–1.3%) and in the electrical and electronic industry (–0.8%).

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 2011, July, Statistics Finland

Inquiries: Mira Kuussaari (09) 1734 3538, Kirsi-Maaria Manninen (09) 1734 2681, myynti.teollisuus@stat.fi

Director in charge: Hannele Orjala

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Appendix tables

• Appendix table 1. Year-on-year change in turnover by industry, % (TOL 2008) (26.10.2011)

Figures

• Appendix figure 1. Trend series on total turnover, domestic turnover and export turnover in manufacturing 1/1995 - 7/2011 (26.10.2011)
• Appendix figure 2. Trend series on total turnover, domestic turnover and export turnover in the forest industry 1/1995 - 7/2011 (26.10.2011)
• Appendix figure 3. Trend series on total turnover, domestic turnover and export turnover in the chemical industry 1/1995 - 7/2011 (26.10.2011)
• Appendix figure 4. Trend series on total turnover, domestic turnover and export turnover in the electronic and electrical industry 1/1995 - 7/2011 (26.10.2011)

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Updated 26.10.2011