Home > Statistics > Index of turnover in industry > 2014 > February > Turnover in manufacturing contracted by good 3 per cent in December to February from the year before

Published: 15 May 2014

Turnover in manufacturing contracted by good 3 per cent in December to February from the year before

According to Statistics Finland, turnover in manufacturing in the December to February period was 3.2 per cent lower than in the corresponding period of the year before. Domestic sales contracted by 3.9 per cent and export turnover by 2.7 per cent from one year ago.

Three months' year-on-year change in turnover in manufacturing (C) sub-industries (TOL 2008)

Turnover went down from the corresponding period of the previous year in nearly all manufacturing (C) sub-industries . The drop was fastest in the electrical and electronics industry, -10.0 per cent, in the chemical industry, -6.8 per cent, and in the metal industry, -5.2 per cent. More turnover than in the previous year was only generated in the forest industry, 2.2 per cent and in the food industry, 1.5 per cent.

Three months' year-on-year change in turnover in main industrial categories (TOL 2008)

In the main categories of other industries , water supply, sewerage, waste management and remediation activities grew by 2.6 per cent. Turnover in mining and quarrying activities contracted by 2.8 per cent and that of electricity, gas, steam and air conditioning supply by 7.2 per cent from one year before.

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.

Index of turnover in industry included in the renewal of business statistics

Statistics Finland has renewed the production of business statistics. The review concerns more than ten sets of statistics. The renewal harmonises the production of business statistics. A uniform business production system has been adopted in the index of turnover in industry in May 2014. Further information on Changes in these statistics.

Source: Index of turnover in industry 2014, February, Statistics Finland

Inquiries: Ulla Virtanen 09 1734 3347, 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) (15.5.2014)

Figures

• Appendix figure 1. Trend series on total turnover, domestic turnover and export turnover in manufacturing (15.5.2014)
• Appendix figure 2. Trend series on total turnover, domestic turnover and export turnover in the forest industry (15.5.2014)
• Appendix figure 3. Trend series on total turnover, domestic turnover and export turnover in the chemical industry (15.5.2014)
• Appendix figure 4. Trend series on total turnover, domestic turnover and export turnover in the electronic and electrical industry (15.5.2014)

Revisions in these statistics

• Revisions in these statistics (15.5.2014)

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Updated 15.5.2014