Home > Statistics > Index of turnover in industry > 2011 > October > Turnover in manufacturing grew by good 6 per cent in August to October from the year before

Published: 2 February 2012

Turnover in manufacturing grew by good 6 per cent in August to October from the year before

According to Statistics Finland, turnover in manufacturing in the August to October period was 6.4 per cent higher than in the corresponding period of the year before. Domestic sales grew by 8.2 per cent and export turnover by 4.8 per cent from one year ago.

Annual change in turnover in selected manufacturing industries during 8/2011–10/2011 and 8/2010–10/2010, % (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 (17.3%) and in water supply, sewerage, waste management and remediation activities (11.3%). In contrast, turnover contracted slightly in electricity, gas, steam and air conditioning supply (-1.8%) and in the forest industry (-1.1%).

Corrections had to be made to the erroneous basic data originally supplied to Statistics Finland concerning the third quarter on the activity of the electrical and electronics industry (26-27). These revisions have influenced the point figures and change percentages for the third quarter.

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, October, 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) (2.2.2012)

Figures

• Appendix figure 1. Trend series on total turnover, domestic turnover and export turnover in manufacturing 1/1995 - 10/2011 (2.2.2012)
• Appendix figure 2. Trend series on total turnover, domestic turnover and export turnover in the forest industry 1/1995 - 10/2011 (2.2.2012)
• Appendix figure 3. Trend series on total turnover, domestic turnover and export turnover in the chemical industry 1/1995 - 10/2011 (2.2.2012)
• Appendix figure 4. Trend series on total turnover, domestic turnover and export turnover in the electronic and electrical industry 1/1995 - 10/2011 (2.2.2012)

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Updated 2.2.2012