Home > Statistics > Index of turnover in industry > 2014 > March > Turnover in manufacturing contracted by around 3 per cent year-on-year in the first quarter of 2014

Published: 13 June 2014

Turnover in manufacturing contracted by around 3 per cent year-on-year in the first quarter of 2014

According to Statistics Finland, turnover in manufacturing in the January to March period was 2.9 per cent lower than in the corresponding period of the year before. Domestic sales contracted by 3.6 per cent and export turnover by 2.4 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 chemical industry, -9.2 per cent and in the electrical and electronics industry, -5.8 per cent. More turnover than in the previous year was only generated in the forest industry, 2.1 per cent and in the textile, clothing and leather industry, 1.2 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 2.2 per cent. Turnover of electricity, gas, steam and air conditioning supply contracted by 7.0 per cent and turnover of mining and quarrying by 7.2 per cent from one year ago.

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 2014, March, Statistics Finland

Inquiries: Ulla Virtanen 029 551 3347, Kirsi-Maaria Manninen 029 551 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) (13.6.2014)

Figures

• Appendix figure 1. Trend series on total turnover, domestic turnover and export turnover in manufacturing (13.6.2014)
• Appendix figure 2. Trend series on total turnover, domestic turnover and export turnover in the forest industry (13.6.2014)
• Appendix figure 3. Trend series on total turnover, domestic turnover and export turnover in the chemical industry (13.6.2014)
• Appendix figure 4. Trend series on total turnover, domestic turnover and export turnover in the electronic and electrical industry (13.6.2014)

Revisions in these statistics

• Revisions in these statistics (13.6.2014)

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Updated 13.6.2014